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Due allowances are made for slow moving and obsolete inventories based on estimates made by the Group.
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 Group 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.
Ƒȴ TŠDŽĚƙƥŞĚŠƥƙ îŠē ūƥĺĚƑ ǛŠîŠČĿîŕ îƙƙĚƥƙȠ
ŕîƙƙĿǛČîƥĿūŠ
¹ĺĚ HƑūƭƎ 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) Those
ii) Those measured at amortised cost
¹ĺĚ ČŕîƙƙĿǛČîƥĿūŠ ēĚƎĚŠēƙ ūŠ ċƭƙĿŠĚƙƙ ŞūēĚŕ ūlj ƥĺĚ HƑūƭƎ ljūƑ ŞîŠîijĿŠij ƥĺĚ 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 Group has made an irrevocable election at the time of
initial recognition to account for the equity investments at fair value through other comprehensive income.
'Ěċƥ ĿŠƙƥƑƭŞĚŠƥƙȠ
Initial recognition and measurement
Financial assets are recognised when the Group becomes a party to the contractual provisions of the instrument. Financial
îƙƙĚƥƙ îƑĚ ƑĚČūijŠĿƙĚē îƥ Ŀƥƙ ljîĿƑ DŽîŕƭĚ ȳūƥĺĚƑ ƥĺîŠ ǛŠîŠČĿîŕ îƙƙĚƥ îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙȴȦ ¹ƑîŠƙîČƥĿūŠ Čūƙƥƙ ƥĺîƥ
îƑĚ ēĿƑĚČƥŕNj îƥƥƑĿċƭƥîċŕĚ ƥū ƥĺĚ îČƐƭĿƙĿƥĿūŠ ūlj ƥĺĚ ǛŠîŠČĿîŕ îƙƙĚƥƙ îƑĚ îēēĚē ƥū ƥĺĚ ljîĿƑ DŽîŕƭĚ ŞĚîƙƭƑĚē ūŠ ĿŠĿƥĿîŕ ƑĚČūijŠĿƥĿūŠȦ
¹ƑîŠƙîČƥĿūŠ Čūƙƥƙ ūlj ǛŠîŠČĿîŕ îƙƙĚƥƙ ČîƑƑĿĚē îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙ îƑĚ ĚNJƎĚŠƙĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ
ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
Subsequent measurement
Subsequent measurement of debt instruments depends on the business model of the Group for managing the asset and
ƥĺĚ Čîƙĺ ǜūDž ČĺîƑîČƥĚƑĿƙƥĿČƙ ūlj ƥĺĚ îƙƙĚƥȦ ¹ĺĚƑĚ îƑĚ ƥĺƑĚĚ ŞĚîƙƭƑĚŞĚŠƥ ČîƥĚijūƑĿĚƙ ĿŠƥū DžĺĿČĺ ƥĺĚ HƑūƭƎ ČŕîƙƙĿǛĚƙ Ŀƥƙ ēĚċƥ
instruments:
qĚîƙƭƑĚē îƥ îŞūƑƥĿƙĚē ČūƙƥȠ
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
measured at amortised cost using the Effective Interest Rate (‘EIR’) method less impairment, if any, the amortisation of EIR
îŠē ŕūƙƙ îƑĿƙĿŠij ljƑūŞ ĿŞƎîĿƑŞĚŠƥȡ Ŀlj îŠNj Ŀƙ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
qĚîƙƭƑĚē îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ūƥĺĚƑ ČūŞƎƑĚĺĚŠƙĿDŽĚ ĿŠČūŞĚ ȳG×~ TȴȠ
Financial assets that are held within a business
ŞūēĚŕ DžĺūƙĚ ūċŏĚČƥĿDŽĚ Ŀƙ îČĺĿĚDŽĚē ċNj ċūƥĺȡ ƙĚŕŕĿŠij ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ČūŕŕĚČƥĿŠij ČūŠƥƑîČƥƭîŕ Čîƙĺ ǜūDžƙ ƥĺîƥ îƑĚ ƙūŕĚŕNj
payments of principal and interest, are subsequently measured at fair value through other comprehensive income. Fair
value movements are recognised in the OCI. Interest income measured using the EIR method and impairment losses, if
îŠNj îƑĚ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ ~Š ēĚƑĚČūijŠĿƥĿūŠȡ ČƭŞƭŕîƥĿDŽĚ ijîĿŠ ūƑ ŕūƙƙ ƎƑĚDŽĿūƭƙŕNj
ƑĚČūijŠĿƙĚē ĿŠ ~ T Ŀƙ ƑĚČŕîƙƙĿǛĚē ljƑūŞ ƥĺĚ ĚƐƭĿƥNj ƥū ūƥĺĚƑ ĿŠČūŞĚ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
qĚîƙƭƑĚē îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙ ȳGסgȴȠ
ǛŠîŠČĿîŕ îƙƙĚƥ Šūƥ ČŕîƙƙĿǛĚē îƙ ĚĿƥĺĚƑ îŞūƑƥĿƙĚē Čūƙƥ ūƑ G×~ Tȡ Ŀƙ
ČŕîƙƙĿǛĚē îƙ GסgȦ ¬ƭČĺ ǛŠîŠČĿîŕ îƙƙĚƥƙ îƑĚ ŞĚîƙƭƑĚē îƥ ljîĿƑ DŽîŕƭĚ DžĿƥĺ îŕŕ ČĺîŠijĚƙ ĿŠ ljîĿƑ DŽîŕƭĚȡ ĿŠČŕƭēĿŠij ĿŠƥĚƑĚƙƥ ĿŠČūŞĚ
îŠē ēĿDŽĿēĚŠē ĿŠČūŞĚ Ŀlj îŠNjȡ ƑĚČūijŠĿƙĚē îƙ ūƥĺĚƑ ĿŠČūŞĚ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
Consolidated
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Notes to the Financial Statements
195