FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 341 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 62 FIRST TIME ADOPTION OF MFRS FRAMEWORK (CONTINUED) Impact of first time adoption of MFRS framework (continued) (a) MFRS 15 and 141 (continued) Restatement of comparative figures Group As at 31 December 2017 As at 1 January 2017 Impact on statements of financial position: As per previous accounting framework RM’000 MFRS 15 RM’000 MFRS 141 RM’000 As per current accounting framework RM’000 As per previous accounting framework RM’000 MFRS 15 RM’000 MFRS 141 RM’000 As per current accounting framework RM’000 Non-current assets Property, plant and equipment 10,445,915 - 207 10,446,122 10,073,774 - 337 10,074,111 Biological assets 23,931 - (23,931) - 29,044 - (29,044) - Current assets Inventories 2,126,893 5,410 - 2,132,303 2,189,255 - - 2,189,255 Biological assets - - 54,338 54,338 - - 68,831 68,831 Receivables 1,376,916 (2,940) - 1,373,976 1,755,127 8,131 - 1,763,258 Contract assets - 13,091 - 13,091 - 17,351 - 17,351 Total assets 20,560,618 15,561 30,614 20,606,793 21,026,686 25,482 40,124 21,092,292