Yinson Annual Report 2019

Yinson Holdings Berhad ANNUAL REPORT 2019 144 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2.29 Earnings per share The Group presents basic and diluted earnings per share (“EPS”) data for its ordinary shares. Basic EPS are calculated by dividing the profit or loss attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the period and excluding treasury shares. Diluted EPS are determined by adjusting the profit or loss attributable to owners of the Company and the weighted average number of ordinary shares outstanding adjusted for own shares held for the effects of all dilutive potential ordinary shares, which comprise share awards granted to employees. 2.30 Operating segments An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. An operating segment’s operating results are reviewed regularly by the chief operating decision maker comprising the Board of Directors, to make decisions about resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available. 2.31 Favourable and unfavourable contracts The terms of a contract acquired in a business combination are compared to market prices at date of acquisition to determine whether an intangible asset or liability should be recognised. If the terms of an acquired contract are favourable relative to market prices, an intangible asset is recognised. If the terms of an acquired contract are unfavourable relative to market prices, a liability is recognised. Subsequently, the acquired contract is measured at amortised cost over the period of the contract. 2.32 Deferred income Deferred income relating to rental received in advance are deferred and recognised on a straight line basis over the term of the contract period. 3. STANDARDS, AMENDMENTS TO PUBLISHED STANDARDS AND INTERPRETATIONS, WHICH ARE APPLICABLE AND ADOPTED BY THE GROUP AND THE COMPANY TheGroup and theCompany have applied the following amendments for the first time for the financial year beginning on 1 February 2018: (i) MFRS 9 “Financial Instruments: Classification andMeasurement of Financial Assets and Financial Liabilities” (ii) MFRS 15 “Revenue fromContracts with Customers” (iii) Amendments to MFRS 2 “Classification andMeasurement of Share-based Payment Transactions” (iv) Annual Improvements to MFRS 128 “Investments in Associates and Joint Ventures” (v) Amendments toMFRS 140 “Clarification on ‘Change in Use’ - Assets transferred to, or from Investment Properties” (vi) IC Interpretation 22 “Foreign Currency Transactions and Advance Consideration” The adoption of the above amendments to published standards does not have any material impact to the Group, other than MFRS 9 as disclosed below. There is no material impact on adoption of MFRS 15 as significant portion of the Group’s revenue source is governed under MFRS 117 “Leases”. For the financial year ended 31 January 2019 Notes to the financial statements (cont’d)