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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 Statement of Comprehensive Income
For the year ended 31 March 2018
Effects
Effects
Effects
Previously
from
from
from Reported
reported transition adoption of adoption of
under
under FRS
to MFRS
MFRS 9
MFRS 141
MFRS
Group
RM ‘000
RM ‘000
RM ‘000
RM ‘000
RM ‘000
Revenue
482,460
-
-
-
482,460
Cost of sales
(294,065)
-
-
(802) (294,867)
Gross profit
188,395
-
-
(802)
187,593
Other income
12,276
-
-
-
12,276
Other items of expense
Administrative expenses
(86,244)
-
-
-
(86,244)
Selling and marketing expenses
(12,969)
-
-
-
(12,969)
Other operating expense
(18,999)
-
(1,547)
-
(20,546)
Finance cost
(1,500)
-
-
-
(1,500)
Share of results from associate
(475)
-
-
-
(475)
Profit before tax
80,484
-
(1,547)
(802)
78,135
Income tax expense
(31,717)
-
-
217
(31,500)
Profit net of tax
48,767
-
(1,547)
(585)
46,635
Other comprehensive income/expense,
net of tax
Item that will not be subsequently
reclassified to profit or loss
Remeasurement of defined benefit
liability
(36)
-
-
-
(36)
Item that will be subsequently
reclassified to profit or loss
Foreign currency translation loss
(27,036)
-
-
(288)
(27,324)
Total comprehensive income
for the year
21,695
-
(1,547)
(873)
19,275
Profit attributable to:
Equity holders of the Company
32,057
-
(1,547)
(638)
29,872
Non-controlling interest
16,710
-
-
53
16,763
Profit for the year
48,767
-
(1,547)
(585)
46,635
Kumpulan Fima Berhad
(11817-V)
Annual Report 2019
204