FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 349 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) (b) Change in accounting policy upon application of MFRS 9 (continued) The total impact of adjustments made to the Group’s retained earnings and reserves as at 1 January 2018 in respect of items within the scope of MFRS 9 are as follows: (continued) FVOCI reserves RM’000 Balance as at 31 December 2017 Change in accounting policy based on MFRS 1 short-term exemption applied on items within scope of MFRS 9: Reclassify non-trading equity securities from AFS to FVOCI (12,811) As restated at 1 January 2018 (12,811) AFS reserves RM’000 Balance as at 31 December 2017 (6,235) Change in accounting policy based on MFRS 1 short-term exemption applied on items within scope of MFRS 9: Reclassify debt securities from AFS to FVPL (6,576) Reclassify non-trading equity securities from AFS to FVOCI 12,811 As restated at 1 January 2018 - No adjustments made to the Company’s retained earnings and reserves as at 1 January 2018 in respect of items within the scope of MFRS 9.