GHL System Berhad Annual Report 2018

a n n u a l r e p o r t 2 0 1 8 147 NOT ES TO THE F I NANC I A L STAT EMENTS 3 1 D e c e m b e r 2 0 1 8 C O N T ’ D 35. ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs (cont’d) 35.1 New MFRSs adopted during the financial year (cont’d) (a) MFRS 9 Financial Instruments (cont’d) (iii) Classification and measurement The following table summarises the reclassification and measurement of the financial assets and financial liabilities of the Group and of the Company as at 1 January 2018: Classification Carrying amount Group Existing under New under Existing under MFRS 139 New under MFRS 9 MFRS 139 MFRS 9 RM RM Financial assets Available-for-sale investments AFS FVTPL 8,000,000 8,000,000 Trade and other receivables L&R AC 68,942,613 66,424,242 Cash and bank balances L&R AC 107,499,945 107,499,945 Financial liabilities Trade and other payables OFL AC 113,043,485 113,043,485 Borrowings OFL AC 34,186,239 34,186,239 Company Financial assets Trade and other receivables L&R AC 46,388,584 25,974,651 Cash and bank balances L&R AC 16,085,617 16,085,617 Financial liabilities Trade and other payables OFL AC 13,542,407 13,542,407 Borrowings OFL AC 296,639 296,639