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NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
2.29 Fair value measurements (continued)
if an asset or a liability measured at fair value has a bid price and an ask price, then the Group measures assets and long
positions at a bid price and liabilities and short positions at an ask price.
Portfolios of financial assets and financial liabilities that are exposed to market risk and credit risk that are managed
by the Group on the basis of the net exposure to either market or credit risk are measured on the basis of a price that
inteGrated annUal rePort 2020 portfolio-level adjustments are allocated to the individual assets and liabilities on the basis of the relative risk adjustment
would be received to sell a net long position (or paid to transfer a net short position) for a particular risk exposure. those

of each of the individual instruments in the portfolio.
the fair value of a demand deposit is not less than the amount payable on demand, discounted from the first date on
which the amount could be required to be paid.
the Group recognises transfers between levels of the fair value hierarchy as of the end of the reporting period during
which the change has occurred.

2.30 Non-Current Assets (or disposal groups) held-for-sale and discontinued operation
208
non-current assets (or disposal groups) are classified as assets held for sale if their carrying amount will be recovered
principally through a sale transaction rather than through continuing use and a sale is considered highly probable.
they are stated at the lower of carrying amount and fair value less costs to sell, except for assets such as deferred tax
bimb holdinGS berhad 199701008362 (423858-X) an impairment loss is recognised for any initial or subsequent write-down of the asset (or disposal group) to fair value less
assets, assets arising from employee benefits, financial assets and investment property that are carried at fair value and
contractual rights under insurance contracts, which are specifically exempt from this requirement.

costs to sell. a gain is recognised for any subsequent increases in fair value less costs to sell of an asset (or disposal group),
but not in excess of any cumulative impairment loss previously recognised. a gain or loss not previously recognised by the
date of the sale of the non-current asset (or disposal group) is recognised at the date of de-recognition.
non-current assets (including those that are part of a disposal group) are not depreciated or amortised while they are
classified as held for sale. Profit and other expenses attributable to the liabilities of a disposal group classified as held for
sale continue to be recognised.
non-current assets classified as held for sale and the assets of a disposal group classified as held for sale are presented
separately from the other assets in the statements of financial position. the liabilities of a disposal group classified as held
for sale are presented separately from other liabilities in the statements of financial position.
a discontinued operation is a component of the entity that has been disposed of or is to be distributed to the shareholders
or is classified as held for sale and that represents a separate major line of business or geographical area of operations,
is part of a single coordinated plan to dispose of such a line of business or area of operations, or is a subsidiary acquired
exclusively with a view to resale. the results of discontinued operations are presented separately in the income statements,
statements of changes in equity and statements of cash flows.