This question relates to Jardine Matheson Holdings Limiteds (JM) 31 December 2017 Annual Report available from their investor relations website. Also, you should have created an account on the S&P Capital IQ platform from your earlier courses.

(a) Describe which items on the balance sheet are financial assets and financial liabilities accounted for under FRS 39 Financial Instruments: Recognition and Measurement and other related FRSs (if any) in JM Groups books as at 31 December 2017? Where possible, verify these items and numbers against that in the S&P Capital IQ platform by providing the necessary printscreen(s) from the S&P Capital IQ platform. Further illustrate how each type of financial assets and financial liabilities are recognised and measured by JM under FRS 39, including their impairment and derecognition, and how they are presented on and their impact on each of the key financial statements and annual report. In your explanations, please use the account names adopted by JM as far as possible. Please also bring in numbers reported by JM. Where you used numbers from the annual report, please cite which page or which note(s) to the financial statements you based your answers on. If your group responds to part (a) by simply citing paragraphs from the annual report without clear explanations, marks will not be awarded. (70 marks)

(b) For each type of financial assets and financial liabilities your group listed in part (a) above, demonstrate how they would be accounted for under FRS 109 Financial Instruments and other related FRSs (if any) had FRS 109 been applicable during the financial year. Highlight key differences and/or similarities between FRS 39 and FRS 109 in your groups response. (30 marks)