Borrowings are recognised initially at fair value net

Borrowings are recognised initially at fair value, net of transaction costs incurred, and
subsequently measured at amortised cost using the effective interest method.
Borrowings are classified as current liabilities unless the Group and the Company have
an unconditional right to defer settlement of the liability for at least 12 months after the
reporting date.
For other financial liabilities, gains and losses are recognised in profit or loss when the
liabilities are derecognised, and through the amortisation process.
A financial liability is derecognised when the obligation under the liability is extinguished.
When an existing financial liability is replaced by another from the same lender on
substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as a derecognition of the original
liability and the recognition of a new liability, and the difference in the respective
carrying amounts is recognised in profit or loss.
(u) Segment Reporting
For management purposes, the Group is organised into operating segments based on
their products and services which are independently managed by the respective
segment managers responsible for the performance of the respective segments under
their charge. The segment manager report directly to the chief operating decision
maker who periodically review the segment results in order to allocate resources to the
segments and to assess the segment performance. Additional disclosures on each of
these segments are shown in Note 30, including the factors used to identify the
reportable segments and the measurement basis of segment information.
(v) Fair Value Measurement
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.
NOTES TO THE FINANCIAL STATEMENTS
- 31 DECEMBER 2018

IMPIANA HOTELS BERHAD (formerly known as Bio Osmo Berhad) (740838-A) | Annual Report 2018
(formerly known as Bio Osmo Berhad)
(740838-A)
92
4. REVENUE
Period from Period from
1.7.2017 Year ended 1.7.2017 Year ended
31.12.2018 30.6.2017 31.12.2018 30.6.2017
RM RM RM RM
Technical fee 4,026,291 4,504,574 - -
Management fee 797,139 194,498 - -
Sale of goods - 255,448 - -
Dividend received - - 1,687,500 -
4,823,430 4,954,520 1,687,500 -
Group Company
5. (LOSS)/PROFIT BEFORE TAX FROM CONTINUING OPERATIONS
(Loss)/Profit before tax from continuing operations is arrived at after charging/(crediting):
Period from Period from
1.7.2017 to Year ended 1.7.2017 to Year ended
31.12.2018 30.6.2017 31.12.2018 30.6.2017
RM RM RM RM
Auditors' remuneration
- Statutory audit:
- current financial period/
year 166,000 109,500 127,000 103,000
- under/(over) provision in
prior financial year 28,100 (10,900) 23,000 (10,000)
- Other services 353,000 12,000 353,000 12,000
Amortisation of intangible
assets 1,503,805 684,197 - -
Bad debts written off 8,697 495,335 38,419 3,734
Corporate exercise expenses 1,223,787 1,442,223 1,223,787 1,442,223