PFG: PIONEER FOOD GROUP LIMITED - Unaudited.../02
(WorldNews Africa)

PFG: PIONEER FOOD GROUP LIMITED - Unaudited.../02 The impact of the initial application was applied retrospectively as an adjustment to opening retained earnings as at 1 October 2018 and amounted to R2,288,501, representing an increase in the provision for impairment of trade receivables of R3,183,527 and a resulting decrease in deferred income tax of R895,026. (i) Classification and measurement On the date of initial application management assessed which business models apply to the financial assets held by the Group and classified its financial instruments into the appropriate categories as illustrated in the table below: 30 SEPTEMBER 2018 1 OCTOBER 2018 IAS 39 IFRS 9 R`m R`m AT FAIR VALUE...