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Notes to the
Financial Statements
As at 31 March 2019
44. Explanation of transition of MFRSs (cont’d.)
The effects of transitioning from FRSs to MFRSs, adoptions of MFRS 9 and MFRS 141 are as follows: (cont’d.)
Reconciliation of Statements of Financial Position (cont’d.)
New
Effects
Effects
Effects
carrying
Previously
from
from
from
amount
reported
transition adoption of adoption of
under
under FRS
to MFRS
MFRS 9
MFRS 141
MFRS
Group (cont’d.)
RM ‘000
RM ‘000
RM ‘000
RM ‘000
RM ‘000
As at 31 March 2018
Non-current assets
Property, plant and equipment
330,965
-
-
177,794
508,759
Biological assets
177,794
-
-
(177,794)
-
Current assets
Biological assets
-
-
-
5,102
5,102
Trade and other receivables
162,448
-
(1,547)
-
160,901
Equity
Other reserves
119,616
(74,758)
-
-
44,858
Retained earnings
322,333
74,758
(1,547)
3,449
398,993
Non-controlling interests
244,415
-
-
429
244,844
Non-current liability
Deferred tax liabilities
37,140
-
-
1,224
38,364
Company
As at 1 April 2017
Equity
Other reserves
21,065
(21,065)
-
-
-
Retained earnings
87,563
21,065
-
-
108,628
As at 31 March 2018
Equity
Other reserves
21,065
(21,065)
-
-
-
Retained earnings
103,141
21,065
-
-
124,206
financial
statements
203