INTANGIBLES

The accounting policy on intangibles is set out in Note 2.13 and impairment loss on goodwill is recognised in the statement of profit or loss and other comprehensive income. Impairment test for goodwill – FHL Retailing Limited Goodwill of $12.112m has been tested for impairment by reviewing the underlying net...

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INVESTMENT PROPERTIES

  Investment properties are stated at cost less accumulated depreciation. Investment properties occupied by the Group amounting to $12,385,000, was transferred to property, plant and equipment on 1 July 2013 as part of this restatement of this balance. During 2015, a further $9,009,000 was transferred as a result of the...

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ASSETS HELD FOR SALE

ASSETS HELD FOR SALE Assets classified as held for sale consist of: the assets and liabilities of Media Niugini Ltd. a parcel of land held by Merchant Finance & Investment Company Limited. The Reserve Bank of Fiji has provided Merchant Finance & Investment Company Limited until 13 November 2015 to...

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PROPERTY, PLANT AND EQUIPMENT

(c). The depreciation and amortisation policy is set out in Note 2.9. (d). The island property in Nanuya Lailai Island – Yasawa, was revalued by the Directors of Blue Lagoon Cruises Limited based on  an independent valuation by Pacific Valuations Limited dated 24 June 2013. The valuation was made on...

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FHL News Letter – April 2020

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