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Workshop on FRS 139 Financial Instruments |
| A Workshop on Practical Application of FRS 139 Financial Instruments: Recognition and Measurement, was held at the Group Head Office on 4 and 5 April 2011 in the morning sessions. The Group’s accountants and staff from Group Tax and Group Legal attended the workshop which was conducted by Ernst & Young whose Director-Assurance, Ms Ng Yee Yee covered the following:
- A quick overview of FRS 139 requirements
- Classification of financial assets & liabilities
- Derivatives and embedded derivatives
- Measuring provision for doubtful debts
- Capturing fair value of inter-company balances
- Capturing fair value of financial guarantees
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