Frontken Berhad Annual Report 2018

74 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D) Cash and Cash Equivalents ,J\Q JWM LJ\Q NZ^R_JUNW]\ LXVY[R\N LJ\Q RW QJWM KJWT KJUJWLN\ MNVJWM MNYX\R] JWM \QX[] ]N[V QRPQUb URZ^RM RW_N\]VNW]\ ]QJ] J[N [NJMRUb LXW_N[]RKUN ]X TWX`W JVX^W]\ XO LJ\Q JWM `QRLQ J[N \^KSNL] ]X JW RW\RPWR࠰LJW] [R\T XO changes in value with original maturity periods of three months or less =QN 0[X^Y NaLU^MNM MNYX\R]\ YUNMPNM ]X ࠰WJWLRJU RW\]R]^]RXW\ O[XV LJ\Q JWM LJ\Q NZ^R_JUNW]\ OX[ ]QN Y^[YX\N XO ]QN \]J]NVNW]\ XO LJ\Q ࠱X`\ Provisions Provisions are recognised when the Group and the Company have a present obligation (legal or constructive) as a result XO YJ\] N_NW]\ `QNW R] R\ Y[XKJKUN ]QJ] ]QN 0[X^Y `RUU KN [NZ^R[NM ]X \N]]UN ]QJ] XKURPJ]RXW JWM `QNW J [NURJKUN N\]RVJ]N XO ]QN JVX^W] LJW KN VJMN 9[X_R\RXW\ J[N VNJ\^[NM J] ]QN MR[NL]X[\۴ KN\] N\]RVJ]N XO ]QN NaYNWMR]^[N [NZ^R[NM ]X \N]]UN ]QN XKURPJ]RXW J] ]QN NWM XO ]QN [NYX[]RWP YN[RXM JWM J[N MR\LX^W]NM ]X Y[N\NW] _JU^N `QN[N ]QN NOONL] R\ VJ]N[RJU *] NWM XO NJLQ [NYX[]RWP YN[RXM ]QN Y[X_R\RXW\ J[N [N_RN`NM Kb ]QN MR[NL]X[\ JWM JMS^\]NM ]X [N࠱NL] ]QN L^[[NW] KN\] N\]RVJ]N =QN Y[X_R\RXW\ J[N [N_N[\NM RO R] R\ WX UXWPN[ Y[XKJKUN ]QJ] ]QN 0[X^Y JWM ]QN ,XVYJWb `RUU KN [NZ^R[NM ]X \N]]UN ]QN XKURPJ]RXW =QN ^W`RWMRWP XO ]QN MR\LX^W] R\ [NLXPWR\NM J\ RW]N[N\] NaYNW\N RW Y[X࠰] X[ UX\\ Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between VJ[TN] YJ[]RLRYJW]\ J] ]QN VNJ\^[NVNW] MJ]N [NPJ[MUN\\ XO `QN]QN[ ]QJ] Y[RLN R\ MR[NL]Ub XK\N[_JKUN X[ N\]RVJ]NM ^\RWP J _JU^J]RXW ]NLQWRZ^N =QN VNJ\^[NVNW] J\\^VN\ ]QJ] ]QN ][JW\JL]RXW ]JTN\ YUJLN NR]QN[ RW ]QN Y[RWLRYJU VJ[TN] X[ RW ]QN JK\NWLN XO J Y[RWLRYJU VJ[TN] RW ]QN VX\] JM_JW]JPNX^\ VJ[TN] /X[ WXW ࠰WJWLRJU J\\N] ]QN OJR[ _JU^N VNJ\^[NVNW] ]JTN\ RW]X JLLX^W] J VJ[TN] YJ[]RLRYJW]۴\ JKRUR]b ]X PNWN[J]N NLXWXVRL KNWN࠰]\ Kb ^\RWP ]QN J\\N] RW R]\ QRPQN\] JWM KN\] ^\N X[ Kb \NUURWP R] ]X JWX]QN[ VJ[TN] YJ[]RLRYJW] ]QJ] `X^UM ^\N ]QN J\\N] RW R]\ QRPQN\] JWM KN\] ^\N /X[ ࠰WJWLRJU [NYX[]RWP Y^[YX\N\ ]QN OJR[ _JU^N VNJ\^[NVNW]\ J[N JWJUb\NM RW]X UN_NU ]X UN_NU J\ OXUUX`\# 5N_NU # 2WY^]\ J[N Z^X]NM Y[RLN\ ^WJMS^\]NM RW JL]R_N VJ[TN]\ OX[ RMNW]RLJU J\\N]\ X[ URJKRUR]b ]QJ] ]QN NW]R]b LJW access at the measurement date; 5N_NU # 2WY^]\ J[N RWY^]\ X]QN[ ]QJW Z^X]NM Y[RLN\ RWLU^MNM `R]QRW UN_NU ]QJ] J[N XK\N[_JKUN OX[ ]QN J\\N] X[ URJKRUR]b either directly or indirectly; and 5N_NU # 2WY^]\ J[N ^WXK\N[_JKUN RWY^]\ OX[ ]QN J\\N] X[ URJKRUR]b The transfer of fair value between levels is determined as of the date of the event or change in circumstances that LJ^\NM ]QN ][JW\ON[ Earnings Per Ordinary Share +J\RL NJ[WRWP\ YN[ X[MRWJ[b \QJ[N R\ LJUL^UJ]NM Kb MR_RMRWP ]QN LXW\XURMJ]NM Y[X࠰] X[ UX\\ J]][RK^]JKUN ]X X[MRWJ[b shareholders of the Company by the weighted average number of ordinary shares outstanding during the reporting YN[RXM JMS^\]NM OX[ X`W \QJ[N\ QNUM -RU^]NM NJ[WRWP\ YN[ X[MRWJ[b \QJ[N R\ MN]N[VRWNM Kb JMS^\]RWP ]QN LXW\XURMJ]NM Y[X࠰] X[ UX\\ J]][RK^]JKUN ]X X[MRWJ[b \QJ[NQXUMN[\ XO ]QN ,XVYJWb JWM ]QN `NRPQ]NM J_N[JPN W^VKN[ XO X[MRWJ[b \QJ[N\ X^]\]JWMRWP JMS^\]NM OX[ ]QN NOONL]\ XO JUU MRU^]R_N YX]NW]RJU X[MRWJ[b \QJ[N\ Notes To The Financial Statements (cont’d)