FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 73 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 3. MATERIAL ACCOUNTING POLICY INFORMATION (CONT’D) Financial Instruments (Cont’d) (i) Financial Assets (Cont’d) Financial Assets at Amortised Cost The nancial assets are initially measured at fair value plus transaction costs except for trade receivables without signi cant nancing component which are measured at transaction price only. Subsequent to the initial recognition, all nancial assets are measured at amortised cost less any impairment losses. Financial Assets Through Other Comprehensive Income The nancial assets are initially measured at fair value plus transaction costs. Subsequent to the initial recognition, the nancial assets are remeasured to their fair values at the reporting date with fair value changes taken up in other comprehensive income and accumulated in the fair value reserve, except for the recognition of impairment, interest income and foreign exchange difference of a debt instrument which are recognised directly in pro t or loss. The fair value changes do not include interest and dividend income. (ii) Financial Liabilities Financial Liabilities Through Pro t or Loss The nancial liabilities are initially measured at fair value. Subsequent to the initial recognition, the nancial liabilities are remeasured to their fair values at the reporting date with fair value changes recognised in pro t or loss. The fair value changes do not include interest expense. Financial Liabilities at Amortised Cost The nancial liabilities are initially measured at fair value less transaction costs. Subsequent to the initial recognition, the nancial liabilities are measured at amortised cost. (iii) Equity Ordinary Shares Ordinary shares are recorded on initial recognition at the proceeds received less directly attributable transaction costs incurred. The ordinary shares are not remeasured subsequently. Treasury Shares Treasury shares are recorded on initial recognition at the consideration paid less directly attributable transaction costs incurred. The treasury shares are not remeasured subsequently. No gain or loss is recognised in pro t or loss on the purchase, sale, issue or cancellation of the treasury shares. If such shares are issued by resale, any difference between the sales consideration received and the carrying amount of the treasury shares is recognised in equity. Where treasury shares are cancelled, their carrying amounts are shown as a movement in retained pro ts.
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