曝光台 注意防骗
网曝天猫店富美金盛家居专营店坑蒙拐骗欺诈消费者
but did not affect the recognition and measurement of Group’s net assets:
FRS 101 has affected the presentation of minority interests. Minority interests are now presented within total
equity, separately from the parent shareholders equity in the consolidated balance sheet and as an allocation
from net profit for the year in the consolidated income statement. The movement of minority interests is
now presented in the consolidated statement of changes in equity.
Under FRS 101, the Group’s share of results of jointly controlled entities and associates are now presented
net of tax in the consolidated income statement.
NOT E S TO T H E F I N A N C I A L S TAT EME N T S 30 June 2007 (cont’d)
AIRASIA BERHAD > annual report 2007 > 143
39 CHANGES IN ACCOUNTING POLICIES SCONT’DT
(c) Relevant effect from adoption of new accounting policies or changes in accounting policies
(i) FRS 3 ‘Business Combination’, FRS 136 ‘Impairment of Assets’ and FRS 138 ‘Intangible Assets’
The adoption of FRS 3, FRS 136 and FRS 138 has resulted in changes in accounting policy for goodwill. The
accounting policy for goodwill is now extended to cover the following:
Recognition of contingent liabilities and intangible assets as part of allocation of the cost of acquisition
in determining goodwill arising from acquisition;
Recognition of the excess in fair value of the net identifiable assets acquired over the cost of acquisition
immediately to the consolidated income statement;
Allocation of goodwill to cash generating units for the purpose of impairment testing. Each cashgenerating
unit represents the lowest level within the Group at which goodwill is monitored for internal
management purposes and which are expected to benefit from the synergies of the combination;
Impairment of goodwill is charged to the consolidated income statement as and when it arises and
reversal is not allowed;
The accounting for goodwill and fair value adjustment arising from the acquisition of a foreign entity
are treated as assets and liabilities of the acquiring entity and are recorded at the exchange rate at the
date of acquisition. This change is in accordance with the transitional provision of FRS 121.
The above changes in accounting policy have been applied prospectively for business combinations with
agreements dated on or after 1 January 2006.
(ii) FRS 116 ‘Property, Plant and Equipment’
The adoption of FRS 116 has resulted in extension of the accounting policy on property, plant and
equipment as follows:
The cost of property, plant and equipment includes costs of dismantling, removal and restoration, the
obligation incurred as a consequence of installing the assets;
The assets’ residual values and useful life are reviewed and adjusted as appropriate at least at each
financial year-end;
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as
appropriate, only when it is probable that future economic benefits associated with the item will flow to
the Group and the cost of the item can be measured reliably.
The Group has applied the aforesaid and no material adjustment resulted from this assessment.
(iii) Repair and maintenance expenditure
Aircraft maintenance and overhaul costs of leased aircraft were previously expensed as incurred. The Group
has now changed the accounting policy for maintenance and overhaul costs for leased aircrafts by accruing
these costs upfront on the basis of hours flown. The change is consistent with current industry practices
based on a comparison with the practices of a number of airlines.
This change constitutes a change in accounting policy which has been applied in accordance with FRS108
‘Accounting Policies, Changes in Accounting Estimates and Errors’, i.e. applied retrospectively by recording a
prior year adjustment for the accrual of repairs and maintenance expenses calculated in respect of hours
already flown for prior periods. The effect of this change is detailed in Note 39(c)(v).
144 > AIRASIA BERHAD > annual report 2007
NOT E S TO T H E F I N A N C I A L S TAT EME N T S 30 June 2007 (cont’d)
39 CHANGES IN ACCOUNTING POLICIES SCONT’DT
(c) Relevant effect from adoption of new accounting policies or changes in accounting policies (cont’d)
(iv) FRS 112 ‘Income Taxes’
With the removal of the relevant provisions in FRS1122004 which explicitly prohibit the recognition of deferred
tax on reinvestment allowance or other allowances in excess of capital allowance, entities can now account
for these items either as tax credits or investment tax credits.
The Group has early adopted the revised standard and now accounts for investment tax allowances received
中国航空网 www.aero.cn
航空翻译 www.aviation.cn
本文链接地址：
AirAsia Berhad annual report 2007 FINANCIAL STATEMENTS(29)
