My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 204 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) 54. CHANGES IN ACCOUNTING POLICIES (CONT’D) Initial Application of MFRS 16 (cont’d) (c) Financial Impacts The main impacts resulting from the adoption of MFRS 16 at 1 October 2018 are summarised below:- 1 October 2018 As Previously Reported MFRS 16 Adjustments As Restated The Group RM’000 RM’000 RM’000 Statements of Financial Position Property and equipment (Note 9) 283,848 (4,238) 279,610 Right-of-use assets (Note 11) - 9,223 9,223 Lease liabilities (Note 28): – non-current liabilities - 3,113 3,113 – current liabilities - 5,684 5,684 Hire purchase payables (Note 30) – non-current liabilities 2,085 (2,085) - – current liabilities 1,727 (1,727) - The Company Statements of Financial Position Right-of-use assets (Note 11) - 856 856 Lease liabilities (Note 28): – non-current liabilities - 381 381 – current liabilities - 476 476 55. COMPARATIVE FIGURES The comparative figures covered the financial period from 1 July 2017 to 30 September 2018. The Company has also changed its financial year end from 30 September to 31 December. Consequently, the comparative figures for the statement of profit or loss and other comprehensive income, statement of changes in equity, statement of cash flows and their related notes are comparable to that for the current 15 month period ended 31 December 2019.