ANNUAL REPORT 2015 |
121
NOTES TO THE FINANCIAL STATEMENTS
30 June 2015 (cont’d)
4. SIGNIFICANT ACCOUNTING POLICIES (cont’d)
4.20 Operating segments (cont’d)
Total external revenue reported by operating segments shall constitute at least seventy-five percent (75%) of the
revenue of the Group. Operating segments identified as reportable segments in the current financial year in accordance
with the quantitative thresholds would result in a restatement of prior period segment data for comparative purposes.
4.21 Earnings per share
(a) Basic
Basic earnings per ordinary share for the financial year is calculated by dividing the profit for the financial year
attributable to equity holders of the parent by the weighted average number of ordinary shares outstanding during
the financial year.
(b) Diluted
Diluted earnings per ordinary share for the financial year is calculated by dividing the profit for the financial year
attributable to equity holders of the parent by the weighted average number of ordinary shares outstanding during
the financial year adjusted for the effects of dilutive potential ordinary shares.
4.22 Fair value measurements
The fair value of an asset or a liability, except for lease transactions is determined as the price that would be received
to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement
date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability takes place either
in the principal market or in the absence of a principal market, in the most advantageous market.
The Group measures the fair value of an asset or a liability by taking into account the characteristics of the asset or
liability if market participants would take these characteristics into account when pricing the asset or liability. The Group
has considered the following characteristics when determining fair value:
(a) The condition and location of the asset; and
(b) Restrictions, if any, on the sale or use of the asset.
The fair value measurement for a non-financial asset takes into account the ability of the market participant to generate
economic benefits by using the asset in its highest and best use or by selling it to another market participant that would
use the asset in its highest and best use.
The fair value of a financial or non-financial liability or an entity’s own equity instrument assumes that:
(a) A liabilitywould remain outstanding and themarket participant transfereewould be required to fulfil the obligation.
The liability would not be settled with the counterparty or otherwise extinguished on the measurement date; and
(b) An entity’s own equity instrument would remain outstanding and the market participant transferee would take on
the rights and responsibilities associated with the instrument. The instrument would not be cancelled or otherwise
extinguished on the measurement date.
