Financial Instrument

Initial Recognition and Measurement

The Company recognize a financial assets or a financial libilities in the statement of financial position when, and
only when, it becomes a party to the contractual provisions of the instrument. At initial recognition, the Company
measure all financial assets and financial liabilites at its fair value. In the case of a financial asset or financial
liability not at fair value through profit or loss, fair value plus or minus with the transaction costs that are directly
attributtable to the acquisition or issue of the financial asset or financial liability. Transaction costs incurred on
acquisition of a financial asset and issue of a financial liability classified at fair value through profit or loss are
expensed immediately.
Subsequent Measurement of Financial Assets
Subsequent measurement of financial assets depends on their classification on initial recognition. The
Company classifies financial assets in one of the following four categories:
(i) Financial Assets at Fair Value Through Profit or Loss (FVTPL)
Financial assets at FVTPL are financial assets held for trading or upon initial recognition it is designated
as at fair value through profit or loss. Financial asset classified as held for trading if it is acquired or
incurred principally for the purpose of selling and repurchasing it in the near term, or it is a part of a
portfolio of identified financial instruments that are managed together and for which there is evidence of a
recent actual pattern of short-term profit taking, or it is a derivative, except for a derivative that is a
designated and effective hedging instrument.
After initial recognition, financial assets at FVTPL are measured at its fair value. Gains or losses arising
from a change in the fair value of financial assets are recognized in profit or loss.