DELEUM BERHAD UNISON IN DIVERSITY - ChartNexus

72 Unison in Diversity
Summary of Significant Accounting Policies (continued)
For the Financial Year Ended 31 December 2009
P SHARE CAPITAL (continued)
(2) Share issue costs
Incremental external costs directly attributable to the issue of new shares are shown as a deduction in equity from
the proceeds. Other share issue costs are charged to the income statement.
(3) Dividends to shareholders of the Company
Dividends on ordinary shares are recognised as liabilities when proposed or declared before the balance sheet date.
A dividend proposed or declared after the balance sheet date, but before the financial statements are authorised
for issue, is not recognised as a liability at the balance sheet date. Upon the dividend becoming payable, it will be
accounted as a liability.
Q BORROWINGS
Borrowings are initially recognised on the proceeds received, net of transaction costs incurred. In subsequent periods,
borrowings are stated at amortised cost using the effective yield method; any difference between proceeds (net of
transaction costs) and the redemption value is recognised in the income statement over the period of the borrowings.
R IMPAIRMENT OF NON-FINANCIAL ASSETS
Assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment.
Assets that are subject to depreciation and amortisation are reviewed for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. Impairment loss is recognised for the amount
by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount is the higher of
an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest
level for which there are separately identifiable cash flows. Non-financial assets other than goodwill that suffered an
impairment are reviewed for possible reversal of the impairment at each reporting date.
The impairment loss is charged to the income statement. Any subsequent increase in recoverable amount is recognised
in the income statement. Impairment losses on goodwill are not reversed.
S SEGMENT REPORTING
Segment reporting is presented for enhanced assessment of the Group’s risks and returns. Business segments provide
products or services that are subject to risks and returns that are different from those of other business segments.
Geographical segments provide products or services within a particular economic environment that are subject to
risks and returns that are different from those components operating in other economic environments.
Segment revenue, expense, assets and liabilities are those amounts resulting from the operating activities of a segment
that are directly attributable to the segment and the relevant portion that can be allocated on a reasonable basis to
the segment. Segment revenue, expense, assets and liabilities are determined before intra-group transactions are
eliminated as part of the consolidation process, except to the extent that such intra-group balances and transactions
are between group enterprises within a single segment.
T PAYABLES
Payables, including accruals represent liabilities for equipment purchased and services rendered to the Group prior to
the end of the financial period and which remain unpaid.