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Datasonic Group Berhad
(Company No. 809759-X)
96
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2016
(Continued)
4.
SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
4.23 REVENUE AND OTHER INCOME (Cont’d)
(b) Services
Revenue is recognised upon the rendering of services and when the outcome of the
transaction can be estimated reliably by reference to the stage of completion at the end
of the financial year. The stage of completion is determined by reference to the surveys
of work performed. In the event the outcome of the transaction could not be estimated
reliably, revenue is recognised to the extent of the expenses incurred that are recoverable.
(c) Management Fee
Management fee is recognised on an accrual basis.
(d) Interest Income
Interest income is recognised on an accrual basis using the effective interest method.
(e) Deferred Income
Revenue invoiced in advance is deferred and recognised as revenue upon provision of
the service.
(f) Dividend Income
Dividend income from investment is recognised when the right to receive dividend
payment is established.
(g) Rental Income
Rental income is accounted for on a straight-line method over the lease term.
4.24 OPERATING LEASES
Leases in which the Group does not assume substantially all the risks and rewards of ownership
are classified as operating leases. Payments made under operating leases (net of any incentives
received from the lessor) are charged to profit or loss on a straight-line method over the lease
period.
Leasehold land which in substance is an operating lease is classified as prepaid lease payments
in the consolidated statement of financial position.