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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