Page 146 - MONO_AR_2016_EN

5.2 Cash and cash equivalents
Cash and cash equivalents consist of cash in hand and at banks, and all highly liquid investments with an original maturity of three months or less from acquisition date and not subject to withdrawal restrictions.
5.3 Trade and other receivables
Trade and other receivables are stated at the net realisable value. Allowance for doubtful accounts is provided for the estimated losses that may be incurred in collection of receivables. The allowance is generally based on collection experience and analysis of debt aging.
5.4 Inventories
Compact discs, video compact discs and digital versatile discs are valued at the lower of cost (first-in, first-out method) and net realisable value.
Magazines and pocket books are valued at the lower of cost (specific identification method) and net realisable value.
5.5 Investments
a) Investment in joint venture is accounted for in the consolidated financial statements using the equity method.
b) Investments in subsidiaries and joint venture accounted for in the separate financial statements are stated at cost net of allowance for impairment loss (if any).
5.6 Property, plant and equipment/Depreciation
Land is stated at cost. Building and equipment are stated at cost less accumulated depreciation and allowance for loss on impairment of assets (if any).
Depreciation of building and equipment are calculated by reference to their costs on the straight-line basis over the following estimated useful lives:
Building
Land improvement
Building and leasehold improvement Furniture, fixtures and office equipment Computer and equipment
Motor vehicles
Useful lives
Useful lives
40 20
5, 10 4, 5 3-5 5
years years years years years years
6
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