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Transformational Network
NotesWRFRQVROLGDWHGnjQDQFLDOVWDWHPHQWV
276 Annual Report 2015-16
RI VHOOLQJ LQ WKH QHDU WHUP 'HULYDWLYHV LQFOXGLQJ
VHSDUDWHG HPEHGGHG GHULYDWLYHV DUH FODVVLnjHG
DV KHOG IRU WUDGLQJ XQOHVV WKH\ DUH GHVLJQDWHG DV
HNjHFWLYH KHGJLQJ LQVWUXPHQWV )LQDQFLDO DVVHWV
DUHGHVLJQDWHGXSRQLQLWLDOUHFRJQLWLRQDWIDLUYDOXH
WKURXJKSURnjWRUORVVZKHQWKHVDPHDUHPDQDJHG
E\ WKH *URXS RQ WKH EDVLV RI WKHLU IDLU YDOXH DQG
WKHLUSHUIRUPDQFHLVHYDOXDWHGRQIDLUYDOXHEDVLVLQ
DFFRUGDQFH ZLWK D GRFXPHQWHG ULVN PDQDJHPHQW
RULQYHVWPHQWVWUDWHJ\)LQDQFLDODVVHWVDWIDLUYDOXH
WKURXJKSURnjWRUORVVDUHFDUULHGLQWKHVWDWHPHQW
RInjQDQFLDOSRVLWLRQDWIDLUYDOXHZLWKFKDQJHVLQIDLU
YDOXHUHFRJQLVHGLQnjQDQFHLQFRPHRUnjQDQFHFRVWV
in the income statement.
'HULYDWLYHV HPEHGGHG LQ KRVW FRQWUDFWV DUH
DFFRXQWHGIRUDVVHSDUDWHGHULYDWLYHVDQGUHFRUGHG
DW IDLU YDOXH LI WKHLU HFRQRPLF FKDUDFWHULVWLFV DQG
ULVNV DUH QRW FORVHO\ UHODWHG WR WKRVH RI WKH KRVW
FRQWUDFWV DQG WKH KRVW FRQWUDFWV DUH QRW KHOG IRU
WUDGLQJRUGHVLJQDWHGDWIDLUYDOXHWKRXJKSURnjWRU
ORVV5HDVVHVVPHQWRQO\RFFXUVLIWKHUHLVDFKDQJH
LQ WKH WHUPV RI WKH FRQWUDFW WKDW VLJQLnjFDQWO\
PRGLnjHV WKH FDVK ǍRZV WKDW ZRXOG RWKHUZLVH EH
required.
b. Financial assets measured at amortised cost
/RDQV DQG UHFHLYDEOHV DUH QRQGHULYDWLYH njQDQFLDO
DVVHWVZLWKnj[HGRUGHWHUPLQDEOHSD\PHQWVWKDWDUH
QRW TXRWHG LQ DQ DFWLYH PDUNHW 7UDGH UHFHLYDEOHV
do not carry any interest and are stated at their
QRPLQDOYDOXHDVUHGXFHGE\DSSURSULDWHDOORZDQFHV
IRU HVWLPDWHG LUUHFRYHUDEOH DPRXQWV (VWLPDWHG
LUUHFRYHUDEOHDPRXQWVDUHEDVHGRQWKHDJHLQJRI
the receivables balance and historical experience.
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JURXSHGLQWRKRPRJHQRXVJURXSVDQGDVVHVVHGIRU
impairment collectively. Individual trade receivables
DUHZULWWHQRNjZKHQPDQDJHPHQWGHHPVWKHPQRW
to be collectible.
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LQWHUHVW UDWH PHWKRG (,5 OHVV LPSDLUPHQW LI DQ\
$PRUWLVHGFRVWLVFDOFXODWHGE\WDNLQJLQWRDFFRXQW
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DPRUWLVDWLRQ LV LQFOXGHG LQ njQDQFH LQFRPH LQ WKH
income statement.
F $YDLODEOHIRUVDOHǟQDQFLDODVVHWV
$YDLODEOH IRU VDOH $)6 njQDQFLDO DVVHWV LQFOXGH
HTXLW\ LQYHVWPHQWV DQG GHEW VHFXULWLHV (TXLW\
LQYHVWPHQWV FODVVLnjHG DV $)6 DUH WKRVH WKDW DUH
QHLWKHUFODVVLnjHGDVKHOGIRUWUDGLQJQRUGHVLJQDWHG
DW IDLU YDOXH WKURXJK SURnjW RU ORVV 'HEW VHFXULWLHV
in this category are those that are intended to be
KHOG IRU DQ LQGHnjQLWH SHULRG RI WLPH DQG WKDW PD\
EH VROG LQ UHVSRQVH WR QHHGV IRU OLTXLGLW\ RU LQ
UHVSRQVH WR FKDQJHV LQ WKH PDUNHW FRQGLWLRQV
$IWHULQLWLDOPHDVXUHPHQW$)6njQDQFLDODVVHWVDUH
VXEVHTXHQWO\PHDVXUHGDWIDLUYDOXHZLWKFKDQJHLQ
IDLUYDOXHUHFRJQLVHGLQ2&,XQWLOWKHLQYHVWPHQWLV
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$)6UHVHUYHWRLQFRPHVWDWHPHQWLQnjQDQFHLQFRPH
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7KH *URXS GRHV QRW KDYH DQ\ KHOGWRPDWXULW\
investments.
2. Derecognition
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WKH FRQWUDFWXDO ULJKWV WR WKH FDVK ǍRZV IURP WKH
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VXEVWDQWLDOO\DOOWKHULVNVDQGUHZDUGVRIRZQHUVKLS
RIWKHDVVHW
C. Financial Liabilities
1. Subsequent measurement
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GHSHQGVRQWKHLUFODVVLnjFDWLRQDVIROORZV
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loss
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ORVVLQFOXGHnjQDQFLDOOLDELOLWLHVKHOGIRUWUDGLQJ7KH
*URXS KDV QRW GHVLJQDWHG DQ\ njQDQFLDO OLDELOLWLHV
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IRU WUDGLQJ LI WKH\ DUH DFTXLUHG IRU WKH SXUSRVH RI
UHSXUFKDVLQJLQWKHQHDUWHUP'HULYDWLYHVLQFOXGLQJ
VHSDUDWHG HPEHGGHG GHULYDWLYHV DUH FODVVLnjHG
DV KHOG IRU WUDGLQJ XQOHVV WKH\ DUH GHVLJQDWHG DV
HNjHFWLYH KHGJLQJ LQVWUXPHQWV )LQDQFLDO OLDELOLWLHV
DWIDLUYDOXHWKURXJKSURnjWRUORVVDUHFDUULHGLQWKH
VWDWHPHQW RI njQDQFLDO SRVLWLRQ DW IDLU YDOXH ZLWK
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RUnjQDQFHFRVWVLQWKHLQFRPHVWDWHPHQW
b. Financial liabilities measured at amortised cost
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IDLU YDOXH KHGJHV WKDW ZRXOG RWKHUZLVH EH FDUULHG
at amortised cost are adjusted to record changes
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1RWH'
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DQ\GLVFRXQWRUSUHPLXPRQDFTXLVLWLRQDQGIHHRU
FRVWV WKDW DUH DQ LQWHJUDO SDUW RI WKH (,5 7KH (,5
DPRUWLVDWLRQ LV LQFOXGHG LQ njQDQFH FRVWV LQ WKH
income statement.
2. Derecognition
$ njQDQFLDO OLDELOLW\ LV GHUHFRJQLVHG ZKHQ WKH
obligation under the liability is discharged or
FDQFHOOHG RU H[SLUHV :KHQ DQ H[LVWLQJ njQDQFLDO
OLDELOLW\ LV UHSODFHG E\ DQRWKHU IURP WKH VDPH
OHQGHURQVXEVWDQWLDOO\GLNjHUHQWWHUPVRUWKHWHUPV