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Cost comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventory to the present
ŕūČîƥĿūŠ îŠē ČūŠēĿƥĿūŠȦ ūƙƥ ĿŠČŕƭēĚƙ ƥĺĚ ƑĚČŕîƙƙĿǛČîƥĿūŠ ljƑūŞ ĚƐƭĿƥNj ūlj îŠNj ijîĿŠƙ ūƑ ŕūƙƙĚƙ ūŠ ƐƭîŕĿljNjĿŠij Čîƙĺ ǜūDž ĺĚēijĚƙ
relating to purchases of raw material but excludes borrowing costs.
Due allowances are made for slow moving and obsolete inventories based on estimates made by the Company.
TƥĚŞƙ ƙƭČĺ îƙ ƙƎîƑĚ ƎîƑƥƙȡ ƙƥîŠēȹċNj ĚƐƭĿƎŞĚŠƥ îŠē ƙĚƑDŽĿČĿŠij ĚƐƭĿƎŞĚŠƥ DžĺĿČĺ îƑĚ Šūƥ ƎŕîŠƥ îŠē ŞîČĺĿŠĚƑNj ijĚƥ ČŕîƙƙĿǛĚē
as inventory.
The harvested product of biological assets of the Company that is oil palm Fresh Fruit Bunch (FFB) is initially measured at
fair value less costs to sell on the point of harvest and subsequently measured at the lower of such value or net realisable
value.
ūȴ TŠDŽĚƙƥŞĚŠƥƙ îŠē ūƥĺĚƑ ǛŠîŠČĿîŕ îƙƙĚƥƙȠ
ŕîƙƙĿǛČîƥĿūŠȠ
¹ĺĚ ūŞƎîŠNj ČŕîƙƙĿǛĚƙ Ŀƥƙ ǛŠîŠČĿîŕ îƙƙĚƥƙ ĿŠ ƥĺĚ ljūŕŕūDžĿŠij ŞĚîƙƭƑĚŞĚŠƥ ČîƥĚijūƑĿĚƙȠ
Ŀȴ
¹ĺūƙĚ ƥū ċĚ ŞĚîƙƭƑĚē ƙƭċƙĚƐƭĚŠƥŕNj îƥ ljîĿƑ DŽîŕƭĚ ȳĚĿƥĺĚƑ ƥĺƑūƭijĺ ūƥĺĚƑ ČūŞƎƑĚĺĚŠƙĿDŽĚ ĿŠČūŞĚȡ ūƑ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ
loss)
ii) Those measured at amortised cost
¹ĺĚ ČŕîƙƙĿǛČîƥĿūŠ ēĚƎĚŠēƙ ūŠ ċƭƙĿŠĚƙƙ ŞūēĚŕ ūlj ƥĺĚ ūŞƎîŠNj ljūƑ ŞîŠîijĿŠij ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ƥĺĚ ČūŠƥƑîČƥƭîŕ ƥĚƑŞƙ ūlj
ƥĺĚ Čîƙĺ ǜūDžƙȦ
GūƑ îƙƙĚƥƙ ŞĚîƙƭƑĚē îƥ ljîĿƑ DŽîŕƭĚȡ ijîĿŠƙ îŠē ŕūƙƙĚƙ DžĿŕŕ ĚĿƥĺĚƑ ċĚ ƑĚČūƑēĚē ĿŠ ƎƑūǛƥ ūƑ ŕūƙƙ ūƑ ūƥĺĚƑ ČūŞƎƑĚĺĚŠƙĿDŽĚ
income. For investments in debt instruments, this will depend on the business model in which the investment is held. For
investments in equity instruments, this will depend on whether the Company has made an irrevocable election at the time
of initial recognition to account for the equity investment at fair value through other comprehensive income.
Debt instruments:
Initial recognition and measurement:
Financial asset is recognised when the Company becomes a party to the contractual provisions of the instrument. Financial
îƙƙĚƥ Ŀƙ ƑĚČūijŠĿƙĚē ĿŠĿƥĿîŕŕNj îƥ ljîĿƑ DŽîŕƭĚ Ǝŕƭƙȡ ĿŠ ƥĺĚ ČîƙĚ ūlj ǛŠîŠČĿîŕ îƙƙĚƥ Šūƥ ƑĚČūƑēĚē îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙȡ
ƥƑîŠƙîČƥĿūŠ Čūƙƥƙ ƥĺîƥ îƑĚ îƥƥƑĿċƭƥîċŕĚ ƥū ƥĺĚ îČƐƭĿƙĿƥĿūŠ ūlj ƥĺĚ ǛŠîŠČĿîŕ îƙƙĚƥȦ ¹ƑîŠƙîČƥĿūŠ Čūƙƥƙ ūlj ǛŠîŠČĿîŕ îƙƙĚƥ ČîƑƑĿĚē
îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙ îƑĚ ĚNJƎĚŠƙĚē ĿŠ ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
Subsequent measurement:
Subsequent measurement of debt instruments depends on the business model of the Company for managing the asset
îŠē ƥĺĚ Čîƙĺ ǜūDž ČĺîƑîČƥĚƑĿƙƥĿČƙ ūlj ƥĺĚ îƙƙĚƥȦ ¹ĺĚƑĚ îƑĚ ƥĺƑĚĚ ŞĚîƙƭƑĚŞĚŠƥ ČîƥĚijūƑĿĚƙ ĿŠƥū DžĺĿČĺ ƥĺĚ ūŞƎîŠNj ČŕîƙƙĿǛĚƙ
its debt instruments:
Measured at amortised cost:
GĿŠîŠČĿîŕ îƙƙĚƥƙ ƥĺîƥ îƑĚ ĺĚŕē DžĿƥĺĿŠ î ċƭƙĿŠĚƙƙ ŞūēĚŕ DžĺūƙĚ ūċŏĚČƥĿDŽĚ Ŀƙ ƥū ĺūŕē ǛŠîŠČĿîŕ îƙƙĚƥƙ ĿŠ ūƑēĚƑ ƥū ČūŕŕĚČƥ
ČūŠƥƑîČƥƭîŕ Čîƙĺ ǜūDžƙ ƥĺîƥ îƑĚ ƙūŕĚŕNj ƎîNjŞĚŠƥƙ ūlj ƎƑĿŠČĿƎîŕ îŠē ĿŠƥĚƑĚƙƥȡ îƑĚ ƙƭċƙĚƐƭĚŠƥŕNj ŞĚîƙƭƑĚē îƥ îŞūƑƥĿƙĚē Čūƙƥ
using the EIR method less impairment, if any, the amortisation of EIR and loss arising from impairment, if any is recognised
ĿŠ ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
Measured at fair value through other comprehensive income (FVOCI):
GĿŠîŠČĿîŕ îƙƙĚƥƙ ƥĺîƥ îƑĚ ĺĚŕē DžĿƥĺĿŠ î ċƭƙĿŠĚƙƙ ŞūēĚŕ DžĺūƙĚ ūċŏĚČƥĿDŽĚ Ŀƙ îČĺĿĚDŽĚē ċNj ċūƥĺȡ ƙĚŕŕĿŠij ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē
ČūŕŕĚČƥĿŠij ČūŠƥƑîČƥƭîŕ Čîƙĺ ǜūDžƙ ƥĺîƥ îƑĚ ƙūŕĚŕNj ƎîNjŞĚŠƥƙ ūlj ƎƑĿŠČĿƎîŕ îŠē ĿŠƥĚƑĚƙƥȡ îƑĚ ƙƭċƙĚƐƭĚŠƥŕNj ŞĚîƙƭƑĚē îƥ ljîĿƑ
value through other comprehensive income. Fair value movements are recognised in the OCI. Interest income measured
ƭƙĿŠij ƥĺĚ /T¤ ŞĚƥĺūē îŠē ĿŞƎîĿƑŞĚŠƥ ŕūƙƙĚƙȡ Ŀlj îŠNj îƑĚ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ ~Š ēĚƑĚČūijŠĿƥĿūŠȡ
ČƭŞƭŕîƥĿDŽĚ ijîĿŠ ʈ ȳŕūƙƙȴ ƎƑĚDŽĿūƭƙŕNj ƑĚČūijŠĿƙĚē ĿŠ ~ T Ŀƙ ƑĚČŕîƙƙĿǛĚē ljƑūŞ ƥĺĚ ĚƐƭĿƥNj ƥū ūƥĺĚƑ ĿŠČūŞĚ ĿŠ ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj
¡ƑūǛƥ îŠē gūƙƙȦ
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Standalone
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Notes to the Financial Statements