DIGI - Annual Report 2021

Notes to the Financial Statements 31 December 2021 169 Integrated Annual Report 2021 Governance Audited Financial Statements Other Information 2. Significant accounting policies (CoNT’D.) 2.23 Current versus non-current classification (Cont’d.) All other assets are classified as non-current.A liability is current when: - It is expected to be settled in normal operating cycle; - It is held primarily for the purpose of trading; - It is due to be settled within twelve months after the reporting period; or - There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. The Group classifies all other liabilities as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities. 2.24 Segment reporting The Group provides telecommunication and related services to customers across the country and its services and products essentially have a similar risk profile. Business activities of the Group are not organised by product or geographical components and its operating result is reviewed as a whole by its management.Accordingly, there is no separate segment, as disclosed in Note 33. 3. Changes in accounting policies 3.1 Adoption of new and amended MFRSs and interpretation The accounting policies adopted are consistent with those of the previous financial year except as follows: On 1 January 2021, the Group and the Company adopted the following amended MFRS mandatory for annual financial periods beginning on or after 1 January 2021. Description Effective for annual periods beginning on or after Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS 16: Interest Rate Benchmark Reform - Phase 2 1 January 2021 The adoption of the above amendments did not have any significant effect on the financial statements of the Group and of the Company.

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