FORGING AHEAD - Tradewinds Plantation Berhad

4. SIGNIFICANT ACCOUNTING POLICIES (continued)
4.20 Earnings per share
The Group presents basic earnings per share (‘EPS’) data for its ordinary shares. Basic EPS 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 period and ordinary shares that will be issued upon the conversion of mandatorily
convertible instruments from the date the contract is entered into.
4.21 Non-current assets (or disposal groups) held for sale
Non-current assets (or disposal groups) are classified as held for sale if their carrying amounts will be recovered
principally through a sale transaction rather than through continuing use. For this to be the case, the assets (or disposal
groups) must be available for immediate sale in their present condition subject only to terms that are usual and
customary for sales of such assets (or disposal groups) and their sale must be highly probable.
The sale is expected to qualify for recognition as a completed sale within one (1) year from the date of classification.
However, an extension of the period required to complete the sale does not preclude the assets (or disposal groups)
from being classified as held for sale if the delay is caused by events or circumstances beyond the control of the Group
and there is sufficient evidence that the Group remains committed to its plan to sell the assets (or disposal groups).
Immediately before the initial classification as held for sale, the carrying amounts of the non-current assets (or all the
assets and liabilities in a disposal group) are measured in accordance with applicable FRSs. On initial classification
as held for sale, non-current assets or disposal groups (other than investment properties, deferred tax assets, employee
benefits assets and financial assets carried at fair value) are measured at the lower of carrying amount before the
initial classification as held for sale and fair value less costs to sell. The differences, if any, are recognised in profit or
loss as impairment loss.
Non-current assets (or disposal groups) held for sale are classified as current assets (and current liabilities, in the
case of non-current liabilities included within disposal groups) in the statement of financial position and are stated
at the lower of carrying amount immediately before initial classification and fair value less costs to sell and are not
depreciated. Any cumulative income or expense recognised directly in equity relating to the non-current asset (or
disposal group) classified as held for sale is presented separately.
If the Group has classified an asset (or disposal group) as held for sale but subsequently the criteria for classification
is no longer met, the Group ceases to classify the asset (or disposal group) as held for sale. The Group measures a
non-current asset that ceases to be classified as held for sale (or ceases to be included in a disposal group classified
as held for sale) at the lower of:
(a) its carrying amount before the asset (or disposal group) was classified as held for sale, adjusted for any
depreciation, amortisation or revaluations that would have been recognised had the asset (or disposal group) not
been classified as held for sale; and
(b) its recoverable amount at the date of the subsequent decision not to sell.
FINANCIAL STATEMENTS
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
129