 

 

 

 

 

 

a “é ‘As of
Associates epee ‘August | March | March | March
31,2021 | 31,2021 | 31,2020 | 31, 2019
PT. Nova Digital Perkasa (w.e.f. January 29, 2020) _| Indonesia 45% 45% 45% z

 

 

 

 

Financial assets
Initial recognition and measurement
Financial assets are recognized when we become a party to the contractual provisions of the instrument.

On initial recognition, a financial asset is recognized at fair value; in case of financial assets which are
recognized at fair value through profit and loss (“FWTPL”), its transaction cost is recognized in the Restated
Consolidated Statement of Profit and Loss. In other cases, the transaction cost is attributed to the acquisition
value of the financial asset.

Classification and subsequent measurement
We classify our financial assets into:

e financial assets measured at amortized cost;
e financial assets measured at fair value through OCI (“FVOCI”); and
e financial assets measured at FVTPL.

Management determines the classification of our financial assets at the time of initial recognition or, where
applicable, at the time of reclassification.

Financial assets measured at amortized cost

A financial asset is classified and measured at amortized cost if it is held within a business model whose
objective is to:

e hold financial asset in order to collect contractual cash flows and
e the contractual terms of the financial asset give rise on specific dates to cash flows that are solely
payments of principal and interest on the principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortized cost using effective
interest rate method (“EIR”). Amortized cost is arrived at after taking into consideration any discount on fees or
costs that are an integral part of the EIR. The amortization of such interest forms part of finance income in the
Restated Consolidated Statement of Profit and Loss. Any impairment loss arising from these assets is
recognized in the Restated Consolidated Statement of Profit and Loss.

Financial assets measured at fair value through other comprehensive income (FVOCI)

Debt investments at FVOCI: These assets are subsequently measured at fair value. Interest income under the
effective interest method, foreign exchange gains and losses and impairment are recognized in Restated
Consolidated Statement of Profit and Loss. Other net gains and losses are recognized in OCI. On derecognition,

gains and losses accumulated in OCI are reclassified to Restated Consolidated Statement of Profit and Loss.

Financial assets are not reclassified subsequent to their recognition, except if and in the period we change our
business model for managing financial assets.

Financial assets measured at fair value through profit and loss (FVIPL)
This is a residual category for classification. Any asset which does not meet the criteria for classification as at

amortized cost and FVOCI is classified as FVTPL. Financial assets at FVTPL are measured at fair value, and
changes therein are recognized in the Restated Consolidated Statement of Profit and Loss.

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