Sasbadi Annual Report 2019

PAGE 140 SASBADI HOLDINGS BERHAD FINANCIAL STATEMENTS (continued) 30. Significant changes in accounting policies (continued) 30.1 Impact on financial statements (continued) a. Statement of financial position (continued) 31 August 2018 1 September 2018 As previously reported MFRS 15 adjustments As restated MFRS 9 adjustments As restated Group RM’000 RM’000 RM’000 RM’000 RM’000 Deferred tax assets 1,227 482 1,709 972 2,681 Right to recover returned goods - 1,257 1,257 - 1,257 Contract costs - 1,032 1,032 - 1,032 Trade and other receivables 56,032 - 56,032 (4,052) 51,980 Others 169,688 - 169,688 - 169,688 Total assets 226,947 2,771 229,718 (3,080) 226,638 Reserves 48,057 (1,528) 46,529 (3,080) 43,449 Share capital 108,210 - 108,210 - 108,210 Total equity 156,267 (1,528) 154,739 (3,080) 151,659 Refund liabilities - 2,349 2,349 - 2,349 Contract liabilities - 3,042 3,042 - 3,042 Provisions 1,092 (1,092) - - - Others 69,588 - 69,588 - 69,588 Total liabilities 70,680 4,299 74,979 - 74,979 Total equity and liabilities 226,947 2,771 229,718 (3,080) 226,638