LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my

Laporan Tahunan 2009
Annual Report 2009 86
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2009 (CONTD.)
4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTD.)
(i) Proposed Distribution
Proposed distribution is recognised once the obligation to pay has been established.
Proposed distribution will be disclosed by way of note to the financial statements and such distribution will be
accounted for as an appropriation of undistributed income in the period where the obligation to pay has been
established.
(j) Cash and Cash Equivalents
For the purpose of the cash flow statement, cash and cash equivalents include cash at bank, deposits at call and
short term highly liquid investments which have an insignificant risk of changes in value.
(k) Trade and Other Receivables
Trade and other receivables are stated at cost less any provision for doubtful debts.
(l) Payables
Payables are stated at cost which is the fair value of the consideration to be paid in the future for goods and
services received.
(m) Financial Instruments
Financial assets and financial liabilities carried on the statement of assets and liabilities date include cash at
bank, deposits with financial institutions, receivables and payables. The accounting policies on recognition and
measurement of these items are disclosed in their respective accounting policies.
Financial instruments are classified as assets or liabilities in accordance with the substance of the contractual
agreement. Interest, dividend, gain and loss relating to financial instruments classified as assets, are reported as
income or expenditure.
(n) Income Tax
Income tax on the profit or loss for the year comprises current and deferred tax. Current tax is the expected amount
of income taxes payable in respect of the undistributed taxable profit for the year and is measured using the tax
rates that have been enacted at the statement of assets and liabilities date