Bursa Malaysia • Annual Report 2013
103
Financial Reports
2. Significant accounting policies (cont’d.)
2.2 Adoption of new and revised MFRSs and changes in accounting policies (cont’d.)
(c) Financial effects arising from the adoption of MFRS 119
Employee Benefits (revised)
and change in accounting policy on fines (cont’d.)
(iv) The following are reconciliations of statements of cash flows of the Group and of the Company for the financial year ended 31 December
2012:
As
previously
reported
Note 2.2(a)(i)
Effect of
adoption of
MFRS 119
Note 2.2(b)
Effect of change
in accounting
policy for fines
Restated
RM’000
RM’000
RM’000
RM’000
Group
Profit before tax
216,032
668
(1,361)
215,339
Retirement benefit obligations
2,574
(668)
-
1,906
Operating profit before working capital changes
230,113
-
(1,361)
228,752
Increase in payables
4,619
-
1,361
5,980
Company
Profit before tax
159,796
668
(113)
160,351
Retirement benefit obligations
2,574
(668)
-
1,906
Operating profit before working capital changes
17,332
-
(113)
17,219
Increase in payables
1,615
-
2,389
4,004
Changes in subsidiaries’ balance
(6,952)
-
(2,276)
(9,228)
2.3 Standards issued but not yet effective
As at the date of authorisation of these financial statements, the following Amendments to Standards and IC Interpretations have been issued by
the Malaysian Accounting Standards Board (MASB) but are not yet effective and have not been adopted by the Group and the Company:
Effective for financial periods beginning on or after 1 January 2014
Amendments to MFRS 10
Consolidated Financial Statements: Investment Entities
Amendments to MFRS 12
Disclosure of Interests in Other Entities: Investment Entities
Amendments to MFRS 127
Consolidated and Separate Financial Statements: Investment Entities
Amendments to MFRS 132
Financial Instruments: Presentation - Offsetting Financial Assets and Financial Liabilities
Amendments to MFRS 136
Impairment of Assets - Recoverable Amount disclosures for Non-Financial Assets
Amendments to MFRS 139
Novation of Derivatives and Continuation of Hedge Accounting
IC Interpretation 21
Levies
Notes to the Financial Statements
31 December 2013
