Frontken Berhad Annual Report 2018

65 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D) Basis of Consolidation (Cont’d) 2W][JP[X^Y ][JW\JL]RXW\ KJUJWLN\ RWLXVN JWM NaYNW\N\ J[N NURVRWJ]NM XW LXW\XURMJ]RXW 2W][JP[X^Y UX\\N\ VJb RWMRLJ]N JW RVYJR[VNW] ]QJ] [NZ^R[N\ [NLXPWR]RXW RW ]QN LXW\XURMJ]NM ࠰WJWLRJU \]J]NVNW]\ @QN[N WNLN\\J[b JMS^\]VNW]\ J[N VJMN ]X ]QN ࠰WJWLRJU \]J]NVNW]\ XO \^K\RMRJ[RN\ ]X NW\^[N LXW\R\]NWLb XO JLLX^W]RWP YXURLRN\ `R]Q ]QX\N XO ]QN 0[X^Y (a) Business Combinations *LZ^R\R]RXW\ XO K^\RWN\\N\ J[N JLLX^W]NM OX[ ^\RWP ]QN JLZ^R\R]RXW VN]QXM >WMN[ ]QN JLZ^R\R]RXW VN]QXM ]QN LXW\RMN[J]RXW ][JW\ON[[NM OX[ JLZ^R\R]RXW XO J \^K\RMRJ[b R\ ]QN OJR[ _JU^N XO ]QN J\\N]\ ][JW\ON[[NM URJKRUR]RN\ RWL^[[NM JWM ]QN NZ^R]b RW]N[N\]\ R\\^NM Kb ]QN 0[X^Y J] ]QN JLZ^R\R]RXW MJ]N =QN LXW\RMN[J]RXW ][JW\ON[[NM RWLU^MN\ ]QN OJR[ _JU^N XO JWb J\\N] X[ URJKRUR]b [N\^U]RWP O[XV J LXW]RWPNW] LXW\RMN[J]RXW J[[JWPNVNW] *LZ^R\R]RXW [NUJ]NM LX\]\ X]QN[ ]QJW ]QN LX\]\ ]X R\\^N MNK] X[ NZ^R]b \NL^[R]RN\ J[N [NLXPWR\NM RW Y[X࠰] X[ UX\\ `QNW RWL^[[NM 2W J K^\RWN\\ LXVKRWJ]RXW JLQRN_NM RW \]JPN\ Y[N_RX^\Ub QNUM NZ^R]b RW]N[N\]\ RW ]QN JLZ^R[NN J[N [NVNJ\^[NM ]X OJR[ _JU^N J] ]QN JLZ^R\R]RXW MJ]N JWM JWb LX[[N\YXWMRWP PJRW X[ UX\\ R\ [NLXPWR\NM RW Y[X࠰] X[ UX\\ Non-controlling interests in the acquiree may be initially measured either at fair value or at the non-controlling RW]N[N\]\۴ Y[XYX[]RXWJ]N \QJ[N XO ]QN OJR[ _JU^N XO ]QN JLZ^R[NN۴\ RMNW]R࠰JKUN WN] J\\N]\ J] ]QN MJ]N XO JLZ^R\R]RXW =QN LQXRLN XO VNJ\^[NVNW] KJ\R\ R\ VJMN XW J ][JW\JL]RXW Kb ][JW\JL]RXW KJ\R\ (b) Non-controlling Interests 7XW LXW][XUURWP RW]N[N\]\ J[N Y[N\NW]NM `R]QRW NZ^R]b RW ]QN LXW\XURMJ]NM \]J]NVNW] XO ࠰WJWLRJU YX\R]RXW \NYJ[J]NUb O[XV ]QN NZ^R]b J]][RK^]JKUN ]X X`WN[\ XO ]QN ,XVYJWb 9[X࠰] X[ UX\\ JWM NJLQ LXVYXWNW] XO X]QN[ LXVY[NQNW\R_N RWLXVN J[N J]][RK^]NM ]X ]QN X`WN[\ XO ]QN ,XVYJWb JWM ]X ]QN WXW LXW][XUURWP RW]N[N\]\ =X]JU LXVY[NQNW\R_N RWLXVN R\ J]][RK^]NM ]X WXW LXW][XUURWP RW]N[N\]\ N_NW RO ]QR\ [N\^U]\ RW ]QN WXW LXW][XUURWP RW]N[N\]\ QJ_RWP J MN࠰LR] KJUJWLN (c) Changes in Ownership Interests in Subsidiaries Without Change of Control All changes in the parent’s ownership interest in a subsidiary that do not result in a loss of control are accounted OX[ J\ NZ^R]b ][JW\JL]RXW\ *Wb MROON[NWLN KN]`NNW ]QN JVX^W] Kb `QRLQ ]QN WXW LXW][XUURWP RW]N[N\] R\ JMS^\]NM JWM ]QN OJR[ _JU^N XO LXW\RMN[J]RXW YJRM X[ [NLNR_NM R\ [NLXPWR\NM MR[NL]Ub RW NZ^R]b XO ]QN 0[X^Y (d) Loss of Control >YXW ]QN UX\\ XO LXW][XU XO J \^K\RMRJ[b ]QN 0[X^Y [NLXPWR\N\ JWb PJRW X[ UX\\ XW MR\YX\JU RW Y[X࠰] X[ UX\\ `QRLQ R\ LJUL^UJ]NM J\ ]QN MROON[NWLN KN]`NNW# (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest in the former subsidiary; and RR ]QN Y[N_RX^\ LJ[[bRWP JVX^W] XO ]QN J\\N]\ RWLU^MRWP PXXM`RUU JWM URJKRUR]RN\ XO ]QN OX[VN[ \^K\RMRJ[b JWM JWb WXW LXW][XUURWP RW]N[N\]\ Amounts previously recognised in other comprehensive income in relation to the former subsidiary are accounted OX[ RW ]QN \JVN VJWWN[ J\ `X^UM KN [NZ^R[NM RO ]QN [NUN_JW] J\\N]\ X[ URJKRUR]RN\ `N[N MR\YX\NM XO R N [NLUJ\\R࠰NM ]X Y[X࠰] X[ UX\\ X[ ][JW\ON[[NM MR[NL]Ub ]X [N]JRWNM Y[X࠰]\ =QN OJR[ _JU^N XO JWb RW_N\]VNW]\ [N]JRWNM RW ]QN OX[VN[ subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent JLLX^W]RWP ^WMN[ 6/;< " 6/;< " X[ `QNW JYYURLJKUN ]QN LX\] XW RWR]RJU [NLXPWR]RXW XO JW RW_N\]VNW] RW JW J\\XLRJ]N X[ J SXRW] _NW]^[N Notes To The Financial Statements (cont’d)