- 11 - When a hedge item subsequently results a recognition of a non-financial asset or non-financial liability, the Group will take the gain or loss from derivative measurement recognised in other comprehensive income to be included in the cost of the non-financial asset or non-financial liability. When the hedge item causes the recognition of a financial asset or financial liability, the Group will take the gain or loss from derivative measurement recognised in other comprehensive income to be recognised as profit or loss if the hedge item affects profit or loss. Discontinuing hedge accounting When the hedging instrument expires or is sold, terminated, or no longer qualifies for hedge accounting, the hedge accounting is discontinued prospectively. Any cumulative gain or loss on the hedging instrument existing in equity is retained in equity. When the hedge item ultimately occurs, the Group will comply with the hedge accounting as mentioned above. When the hedge item is no longer expected to occur, the cumulative gain or loss that was reported in equity is recognised in profit or loss immediately. 3.7 Investments in subsidiaries, joint ventures and associates Investments in subsidiaries, joint ventures and associates in the separate financial statements of the Company are accounted for using the cost method less allowance for impairment. Investments in joint ventures and associates in the consolidated financial statements are accounted for using the equity method. Disposal of investments On disposal of an investment, the difference between net disposal proceeds and the carrying amount is recognised in profit or loss in the statement of income. If the Group disposes of part of its holding of a particular investment, the deemed cost of the part sold is determined using the weighted average method applied to the carrying value of the total holding of the investment. 3.8 Investment properties Property that is held for long-term rental yields or for capital appreciation or both, and that is not occupied by the companies in the consolidated Group, is classified as investment properties. Investment properties of the Group are land and buildings held for long-term rental yields or for capital appreciation. Investment properties are measured initially at its cost, including related transaction costs and borrowing costs. Borrowing costs incurred for the purpose of acquiring, constructing or producing a qualifying investment properties are capitalised as part of its cost. After initial recognition, investment properties are carried at cost less accumulated depreciation and accumulated impairment losses. Land and investment property under construction are not depreciated. Depreciation on other investment properties which are buildings and buildings improvement are calculated using the straight line method to allocate their cost to their residual values over their estimated useful life for 8 to 27 years. Subsequent expenditure is capitalised to the asset’s carrying amount only when it is probable that future economic benefits associated with the expenditure will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs is expensed when incurred. When part of an investment property is replaced, the carrying amount of the replaced part is derecognised. 243 BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX
RkJQdWJsaXNoZXIy ODg4NTI=