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All
financial instruments must be recognized, initially, at fair value on the consolidated statement of financial position. The
Company has classified each financial instrument into the following categories: “fair value through profit or loss”,
“loans and receivables”, and “other liabilities”. Subsequent measurement of the financial instruments
is based on their respective classification. Unrealized gains and losses on held for trading instruments are recognized in
earnings. The other categories of financial instruments are recognized at amortized cost using the effective interest method.
The Company had made the following classifications: |
