84
ASIAMEDIAGROUPBERHAD
(813137-V)
Notes to theFinancial Statements
(Cont’d)
4) SIGNIFICANTACCOUNTINGPOLICIES
(Cont’d)
j)
Financial Instruments
(Cont’d)
ii) Financial instrument categories and subsequentmeasurement
(Cont’d)
Financial assets
(Cont’d)
b) Held-to-maturity investments
Held-to-maturity investments are non-derivative financial assets with fixed or
determinablepaymentsandfixedmaturitydates that theGrouphas thepositive
intent and ability to hold tomaturity. Subsequent to initial recognition, held-to-
maturity investmentsaremeasuredat amortisedcost using theeffective interest
method less any impairment.
c) Loansand receivables
Loans and receivables are non-derivative financial assets with fixed or
determinable payments that are not quoted in an active market. Loans and
receivablesaremeasuredat amortisedcost using theeffective interestmethod,
less any impairment. Interest income is recognised by applying the effective
interest rate, except for short-term receivableswhen the recognition of interest
would be immaterial.
d) Available-for-salefinancial assets
Available-for-salefinancial assetsarenon-derivatives that areeitherdesignated
in this category or not classified in any of the other categories. After initial
recognition, available-for-sale financial assets aremeasured at fair value. Any
gainsor losses fromchanges in fair valueof thefinancial assetsare recognised
inothercomprehensive income,except that impairment losses, foreignexchange
gains and losses on monetary instruments and interest calculated using the
effective interestmethodare recognised inprofit or loss.Thecumulativegainor
loss previously recognised in other comprehensive income is reclassified from
equity to profit or loss as a reclassification adjustment when the financial asset
is derecognised. Interest income calculated using the effective interest method
is recognised inprofit or loss. Dividends onavailable-for-saleequity instrument
are recognised in profit or loss when the Group’s right to receive payment is
established.
Available-for-salefinancial assetsare included innon-current assetsunless the
investmentmaturesormanagement intends todisposeof itwithin12monthsof
the end of the reporting period.
Financial assets are de-recognised when the rights to receive cash flows from the
investments have expired or have been transferred and the Group has transferred
substantially all risks and rewards of ownership.
