Early Adoption Of Accounting Standards – FRS 123 Borrowing Costs
The Company has applied early adoption of FRS 123, Borrowing Costs for the current financial year although compliance with this standard is mandatory only with effect from 1 January 2010. The effect of the change in the accounting policy due to the early adoption of FRS 123 increased the profit before tax of the Company by RM1,000,000 for the current financial and increased its property, plant and equipment as at balance sheet date by the same amount.
