Sasbadi Annual Report 2019

PAGE 143 ANNUAL REPORT 2019 FINANCIAL STATEMENTS (continued) 30. Significant changes in accounting policies (continued) 30.2 Accounting for financial instruments (continued) b. Classification of financial assets and financial liabilities on the date of initial application of MFRS 9 The following table shows the measurement categories under MFRS 139 and the new measurement categories under MFRS 9 for each class of the Group’s and the Company’s financial assets and financial liabilities as at 1 September 2018: 1 September 2018 Reclassification to new MFRS 9 category Category under MFRS 139 31 August 2018 Remeasurement AC FVTPL FVOCI – Equity instrument Group RM’000 RM’000 RM’000 RM’000 RM’000 Financial assets Loans and receivables Trade and other receivables 56,032 (4,052) 51,980 - - Cash and cash equivalents 6,164 - 6,164 - - 62,196 (4,052) 58,144 - - Financial assets Available-for-sale Other investments 246 - - 37 209 Financial liabilities Other financial liabilities measured at amortised cost Loans and borrowings 42,655 - 42,655 - - Trade and other payables 18,992 - 18,992 - - 61,647 - 61,647 - -