The amounts recognised in profit or loss in relation to leases are as follows: Depreciation of...
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The amounts recognised in profit or loss in relation to leases are as follows: Depreciation of right-of-use assets (Note 11) Interest expense on lease liabilities Expenses related to short-term, low-value and variable leases Total amount recognised in profit or loss Group 2021 RM'000 8,215 683 9,580 18,478 2020 RM'000 4,361 518 6,267 11,146 Company 2021 RM'000 77 16 93 2020 RM'000 33 7 51 91 The Group and the Company had total cash outflows for leases amounting to RM14,527,000 and RM88,000 respectively for the financial year ended 31 August 2021 (2020: RM8,515,000 and RM87,000 respectively). The Group has several lease contracts that include extension and termination options. These options are negotiated by management to provide flexibility in managing the leased-asset portfolio and align with the Group's business needs. State the disclosures/notes to the accounts relating to the assets under MFRS 9 and MFRS 16. Explain how do they enlarge the decision analysis possibilities offered to shareholders and investors. The amounts recognised in profit or loss in relation to leases are as follows: Depreciation of right-of-use assets (Note 11) Interest expense on lease liabilities Expenses related to short-term, low-value and variable leases Total amount recognised in profit or loss Group 2021 RM'000 8,215 683 9,580 18,478 2020 RM'000 4,361 518 6,267 11,146 Company 2021 RM'000 77 16 93 2020 RM'000 33 7 51 91 The Group and the Company had total cash outflows for leases amounting to RM14,527,000 and RM88,000 respectively for the financial year ended 31 August 2021 (2020: RM8,515,000 and RM87,000 respectively). The Group has several lease contracts that include extension and termination options. These options are negotiated by management to provide flexibility in managing the leased-asset portfolio and align with the Group's business needs. State the disclosures/notes to the accounts relating to the assets under MFRS 9 and MFRS 16. Explain how do they enlarge the decision analysis possibilities offered to shareholders and investors.
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Disclosure requirements for assets under MFRS 9 and MFRS 16 are as follows Disclosures for Assets under MFRS 9 Financial Instruments MFRS 9 provides guidance on the classification measurement and impa... View the full answer
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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