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2. Significant Accounting Policies (cont’d.)
(t) Fair value measurement (cont’d.)
(i) Level 1- Quoted (unadjusted) market prices in active markets for identical assets or liabilities
(ii) Level 2- Valuation techniques for which the lowest level input that is significant to the fair value measurement if
directly or indirectly observable
(iii) Level 3- Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable
For assets and liabilities that are recognised in the financial statements on a recurring basis, the Group determines whether
transfers have occurred between Levels in the hierarchy by re-assessing categorisation (based on the lowest level input that
is significant to the fair value measurement as a whole) at the end of each reporting period.
3. Changes in Accounting Policies
(a) Adoption of new and revised MFRSs
The accounting policies adopted are consistent with those of the previous financial year except as follows:
On 1 January 2013, the Group and the Company adopted the following new and amended MFRSs and IC Interpretations
mandatory for annual financial periods beginning on or after 1 January 2013.
Effective for annual
periods beginning
Description
on or after
Amendments to MFRS 101: Presentation of Items of Other Comprehensive Income
1 July 2012
MFRS 3: Business Combinations (IFRS 3 Business Combinations issued by IASB in March 2004)
1 January 2013
MFRS 10: Consolidated Financial Statements
1 January 2013
MFRS 11: Joint Arrangements
1 January 2013
MFRS 12: Disclosure of Interests in Other Entities
1 January 2013
MFRS 13: Fair Value Measurement
1 January 2013
MFRS 119: Employee Benefits (IAS 19 as amended by IASB in June 2011)
1 January 2013
MFRS 127: Separate Financial Statements (IAS 27 as amended by IASB in May 2011)
1 January 2013
MFRS 127: Consolidated and Separate Financial Statements
(IAS 27 as revised by IASB in December 2003)
1 January 2013
MFRS 128: Investments in Associates and Joint Ventures (IAS 28 as amended by IASB in May 2011) 1 January 2013
Amendments to MFRS 1: Government Loans
1 January 2013
Annual Improvements 2009-2011 Cycle
1 January 2013
Amendments to MFRS 7: Disclosure - Offsetting Financial Assets and Financial Liabilities
1 January 2013
Amendments to MFRS 10, MFRS 11 and MFRS 12: Consolidated Financial Statements,
Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance
1 January 2013
NOTES TO THE FINANCIAL STATEMENTS
31 December 2013
DiGi.COM BERHAD (425190-X)
ANNUAL REPORT 2013
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