FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 342 FGV HOLDINGS BERHAD 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: (continued) 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 Equity Reorganisation reserve (3,060,790) - (28,707) (3,089,497) (3,060,790) - (28,707) (3,089,497) Retained earnings 1,525,806 (7,064) 45,820 1,564,562 1,606,827 (204) 51,759 1,658,382 Non-controlling interests 2,253,398 2,074 460 2,255,932 2,403,166 (114) 553 2,403,605 Non-current liabilities Deferred tax liabilities 799,304 18 13,041 812,363 832,908 (100) 16,519 849,327 Current liabilities Payables 1,217,064 (38,181) - 1,178,883 1,460,240 (18,735) - 1,441,505 Contract liabilities - 58,714 - 58,714 - 44,635 - 44,635 Total equity and liabilities 20,560,618 15,561 30,614 20,606,793 21,026,686 25,482 40,124 21,092,292