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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

3 SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

(y) Non-current assets held for sale
Non-current assets are classified as assets held for sale if their carrying amount will be recovered through a sale
transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable
and the asset (or disposal group) is available for sale in its immediate condition. Management must be committed to
the sale, which should be expected within one year from the date of classification as held for sale. Immediately before
classification as held for sale, the assets (or components of a disposal group) are remeasured in accordance with the
Group’s accounting policies. Thereafter, the assets (or disposal group) are recognised at the lower of their carrying
amount and fair value less cost to sell. Assets classified as held for sale, or included within a disposal group that is
classified as held for sale, are not depreciated. Impairment losses on initial classification as held for sale and subsequent 163
gains or losses on remeasurement are included in profit or loss. Gains are not recognised in excess of any cumulative
impairment loss.
A discontinued operation is a component of the Group’s business that represents a separate major line of business
or geographical area of operations or is a subsidiary acquired exclusively with a view to resale. Classification as a
discontinued operation occurs upon disposal or when the operation meets the criteria to be classified as held for sale,
if earlier. A disposal group that is to be abandoned may also qualify.
Results from operations qualifying as discontinued operations are presented separately as a single amount on profit or
loss. Results from operations qualifying as discontinued operations as of the balance sheet date for the latest period
presented, that have previously been presented as results from continuing operations, are represented as results from MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
discontinued operations for all periods presented.
In case conditions for classification of non-current assets and disposal groups as held for sale are no longer met,
classification as held for sale ceases. Accordingly, results of operations, previously presented in discontinued operations,
are reclassified and included in result from continuing operations for all periods presented. Non-current assets that
ceases to be classified as held for sale are remeasured at the lower of their carrying amount before classification 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 its recoverable amount at the date of the subsequent decision
to sell.
(z) Earnings per share
The Group presents basic and diluted earnings per share (“EPS”) data for its ordinary shares. Basic EPS is calculated
based on the consolidated profit after taxation attributable to equity shareholders of the Company and divided by the
weighted number of ordinary shares in issue.
(aa) Fair value measurement

The fair value measurement prescribes that fair value of an asset or a liability, except for share-based payment and 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 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.