ENRA Group Berhad Annual Report 2018

132 E N R A G R O U P B E R H A D ( 2 3 6 8 0 0 - T ) NOTES TO THE FINANCIAL STATEMENTS 31 March 2018 cont’d 45. ADOPTION OF NEW FRSs AND AMENDMENTS TO FRSs 45.1 New FRSs adopted during the financial year The Group and the Company adopted the following Standards of the FRS Framework that were issued by the Malaysian Accounting Standards Board (“MASB”) during the financial year: Title Effective Date Amendments to FRS 112 Recognition of Deferred Tax Assets for Unrealised Losses 1 January 2017 Amendments to FRS 107 Disclosure Initiative 1 January 2017 Amendments to FRS 12 Annual Improvements to MFRS Standards 2014 - 2016 Cycle 1 January 2017 Adoption of the above Standards did not have any material effect on the financial performance or position of the Group and of the Company. 45.2 New FRSs that have been issued, but only effective for annual periods beginning on or after 1 January 2018 The following are Standards of the FRS Framework that have been issued by the MASB but have not been early adopted by the Group and the Company: Title Effective Date FRS 9 Financial Instruments (IFRS as issued by IASB in July 2014) 1 January 2018 Amendments to FRS 2 Classification and Measurement of Share-based Payment Transactions 1 January 2018 Amendments to FRS 1 Annual Improvements to FRS Standards 2014 - 2016 Cycle See FRS 1 Paragraphs 39AD and 39ADAA Amendments to FRS 128 Annual Improvements to FRS Standards 2014 - 2016 Cycle See FRS 128 Paragraphs 45E and 45EAA Amendments to FRS 140 Transfers of Investment Property See FRS 140 Paragraphs 85G and 85GAA IC Interpretation 22 Foreign Currency Transactions and Advance Consideration See IC Interpretation 22 Paragraphs A1 and A1AA Amendments to FRS 4 Applying FRS 9 Financial Instruments with FRS 4 Insurance Contracts See FRS 4 Paragraphs 46, 47AA and 48 IC Interpretation 23 Uncertainty over Income Tax Treatments See IC Interpretation 23 Paragraphs B1 and B1AA Amendments to FRS 10 and FRS 128 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Deferred The above Standards shall be superseded upon adoption of the MFRS Framework on 1 April 2018.