DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
|
Annual Report
2015
86
2.
Significant accounting policies (cont’d)
(r) Equity instruments
Instruments classified as equity are measured at cost on initial recognition and are not remeasured
subsequently.
(i) Issue expenses
Costs directly attributable to the issue of instruments classified as equity are recognised as a
deduction from equity.
(ii) Ordinary shares
Ordinary shares are classified as equity.
(iii) Repurchase, disposal and reissue of share capital (treasury shares)
When share capital recognised as equity is repurchased, the amount of the consideration
paid, including directly attributable costs, net of any tax effects, is recognised as a deduction
from equity. Repurchased shares that are not subsequently cancelled are classified as treasury
shares in the statement of changes in equity.
Where treasury shares are distributed as share dividends, the cost of the treasury shares is
applied in the reduction of the share premium account or distributable reserves, or both.
Where treasury shares are sold or reissued subsequently, the difference between the sales
consideration net of directly attributable costs and the carrying amount of the treasury shares
is recognised in equity, and the resulting surplus or deficit on the transaction is presented in
share premium.
(iv) Distributions of assets to owners of the Company
TheGroupmeasures a liability to distribute assets as a dividend to the owners of theCompany at
the fair value of the assets to be distributed. The carrying amount of the dividend is remeasured
at each reporting period and at the settlement date, with any changes recognised directly in
equity as adjustments to the amount of the distribution. On settlement of the transaction, the
Group recognises the difference, if any, between the carrying amount of the assets distributed
and the carrying amount of the liability in profit or loss.
(s) Fair value measurements
Fair value of an asset or a liability, except for share-based payment and lease transactions, is
determined as the price that would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants at the measurement date. The measurement
assumes that the transaction to sell the asset or transfer the liability takes place either in the principal
market or in the absence of a principal market, in the most advantageous market.
For non-financial asset, the fair value measurement takes into account a market participant’s ability
to generate economic benefits by using the asset in its highest and best use or by selling it to another
market participant that would use the asset in its highest and best use.
Notes to the
Financial Statements
(cont’d)
