2012 Annual Report - Media Prima Berhad

46 TRANSITION FROM FRS TO MFRS (CONTINUED)
(e) Explanation of transition from FRSs to MFRSs
MFRS 1 requires an entity to reconcile equity, total comprehensive income and cash flows for prior years. The
following tables represent the reconciliations from FRSs to MFRSs for the respective years noted for equity and
total comprehensive income.
(i)
Reconciliation of equity
Group 1.1.2011
(Date of
Note transition) 31.12.2011
RM‘000 RM’000
Equity as reported under FRS 1,250,193 1,382,405
Add/(Less): Transitioning adjustments:
MFRS 1 exemption options
46(b)
Fair value as deemed cost for property, plant and
equipment and investment properties, net of tax
of RM3.1 million (31.12.2011: RM3.9 million) 37,753 35,689
Share of associate’s adjustments on application
of MFRS1 exemption options (23,882) (23,403)
Reassessment of accounting policy
46(c)
Recognition of reinvestment allowance 100,732 100,732
Share of associate’s adjustments arising from reassessment
of capitalisation policy of property, plant and equipment (32,580) (32,079)
Equity on transition to MFRS 1,332,216 1,463,344
The changes in 46(d) has no impact to equity at the date of transition and 31 December 2011.
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2012
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