The declaration by the World Health Organization (WHO) that the coronavirus, or COVID-19, a global pandemic, affecting

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The declaration by the World Health Organization (WHO) that the coronavirus, or COVID-19, a global pandemic, affecting many companies including TaraTera Bhd (TTB). TTB is in poultry farming of Brahma chicken since the year 2015 with financial year ending in June. Due to the fall in demand, chicken prices drop, and the poultry industry affected. As a result, starting from 31 December 2019, chicken price is available at their net value of RM5.00 per unit in retail compared with RM12.00 per unit earlier before the outbreak. However, the market value for chicks remains the same. Earlier, on 31 October 2019, all chicken from the opening record were entirely sold at RM15 per unit. TTB only sell chicken above one year old to retailers.

On 1 July 2019, TTB had the following poultry stocks:

	Quantity	Fair value per unit (RM)	Cost to sell per unit (RM)
Chicks (below 1 year old)*	20,000	10	2
Chicken (above 1 year old)	40,000	15	3

*Literally, the chicks will become chicken at the date of reporting 2020

On 30 June 2020, in order to contain the outbreak and reduce the excess poultry in the farm, TTB destroyed all chicken and only left the chicks to grow. At this date, the number of newly breed chicks was double than the beginning record.

The Malaysian government is offering loans of RM80,000 to all affecting companies to keep the country’s economy afloat amid the growing coronavirus crisis. The loan will be converted to compensation in stages for two years, at each reporting date if the company fulfil the requirement to continue the operation without any staff termination. TTB has obtained the loan on 1 January 2020 and striving to meet those requirements which were fulfilled as at the date of reporting.

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