Year ended 31 March 2016
NOTES TO THE
FINANCIAL STATEMENTS
SINGAPORE MYANMAR INVESTCO LIMITED
| Annual Report 2016
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3.
Significant accounting policies and other explanatory information (cont’d)
3A. Significant accounting policies (cont’d)
Discontinued operations
A discontinued operation is a component of the Group’s business, the operations and cash flows of which
can be clearly distinguished from the rest of the Group and which:
represents a separate major line of business or geographical area of operations;
is part of a single co-ordinated plan to dispose of a separate major line of business or geographical
area of operations; or
is a subsidiary acquired exclusively with a view to resale.
Classification as a discontinued operation occurs upon disposal or when the operation meets the criteria
to be classified as held for sale, if earlier. When an operation is classified as a discontinued operation, the
comparative statement of profit or loss is re-presented as if the operation had been discontinued from the
start of the comparative year.
Earnings per share
The Group presents basic and diluted earnings per share data for its ordinary shares. Basic earnings per
share is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by
the weighted-average number of ordinary shares outstanding during the year, adjusted for own shares held.
Diluted earnings per share is determined by adjusting the profit or loss attributable to ordinary shareholders
and the weighted-average number of ordinary shares outstanding, adjusted for own shares held, for the
effects of all dilutive potential ordinary shares, if any.
Segment reporting
The group discloses financial and descriptive information about its reportable segments. Reportable
segments are operating segments or aggregations of operating segments that meet specified criteria.
Operating segments are components about which separate financial information is available that is
evaluated regularly by the chief operating decision maker (CODM) in deciding how to allocate resources
and in assessing the performance. Generally, financial information is reported on the same basis as is
used internally for evaluating operating segment performance and deciding how to allocate resources to
operating segments.
Segment results that are reported to the Group’s CODM include items directly attributable to a segment
as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly corporate
assets (primarily the Company’s headquarters), head office expenses, and tax assets and liabilities.
Segment capital expenditure is the total cost incurred during the year to acquire property, plant and
equipment, and intangible assets other than goodwill.
Property, plant and equipment
Property, plant and equipment are carried at cost on initial recognition and after initial recognition at cost
less any accumulated depreciation and any accumulated impairment losses. The gain or loss arising from
the derecognition of an item of property, plant and equipment is measured as the difference between the
net disposal proceeds, if any, and the carrying amount of the item and is recognised in profit or loss. The
residual value and the useful life of an asset is reviewed at least at each end of the reporting year and, if
expectations differ significantly from previous estimates, the changes are accounted for as a change in an
accounting estimate, and the depreciation charge for the current and future periods are adjusted.
