DESTINI Annual Report 2018

2. Basis of Preparation (Cont’d) (a) Statement of compliance (Cont’d) Adoption of new and amended standards (Cont’d) (i) MFRS 9 Financial Instruments (IFRS 9 issued by IASB in July 2014) (Cont’d) (c) Effect of changes in classification and measurement of financial assets on 1 January 2018 (Cont’d) As at 31.12.2017 Remeasurement Reclassification to MFRS 9 FVTPL RM RM RM FVTPL Investment in securities 1,923,981 - 1,923,981 Group RM Impairment of financial assets Balances under MFRS 139 as at 31 December 2017 5,437,015 Impairment loss on trade receivables 1,271,536 Balances under MFRS 9 as at 1 January 2018 6,708,551 (d) Effect on impairment allowances on 1 January 2018 As at 31.12.2017 Remeasurement Reclassification to MFRS 9 AC RM RM RM Company Financial assets Loans and receivables Other receivables 4,555,260 - 4,555,260 Amount due from subsidiaries 300,721,006 - 300,721,006 Cash and bank balances 337,653 - 337,653 305,613,919 - 305,613,919 As at 31.12.2017 Remeasurement Reclassification to MFRS 9 FVTPL RM RM RM FVTPL Investment in securities 1,923,981 - 1,923,981 DESTINI BERHAD ANNUAL REPORT 2018 111