Archive for November, 2008

Sample Disclosure – Income Taxes (30 November 2008)

Income tax Income tax on the profit or loss for the period comprises current and deferred tax. Current tax is the expected amount of income taxes payable in respect of the taxable profit for the period and is measured using the tax rates that have been enacted...

Read More

Tagged As: , , , , , , , , , ,

Sample Disclosure – Borrowing Costs (30 November 2008)

Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of...

Read More

Tagged As: , , , , , ,

Sample Disclosure – Financial Instruments (27 November 2008)

Financial instruments Financial instruments are recognised in the balance sheet when the Group has become a party to the contractual provisions of the instrument. Financial instruments are classified as liabilities or equity in accordance with the substance of...

Read More

Tagged As: , , , , , , , , , , , , ,

Sample Disclosure – Inventories (27 November 2008)

Inventories Inventories are stated at lower of cost and net realisable value. Cost is determined using the first in, first out method. The cost of raw materials comprises costs of purchase. The costs of finished goods and work-in-progress comprise costs of raw...

Read More

Tagged As: , , , , ,

Sample Disclosure – Impairment of Assets (27 November 2008)

Impairment of assets The carrying amounts of assets, other than investment properties, inventories, deferred tax assets and non-current assets (or disposal groups) held for sale, are reviewed at each balance sheet date to determine whether there is any indicat...

Read More

Tagged As: , , , , ,

Sample Disclosure – Investment Properties (27 November 2008)

Investment properties Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Such properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, inve...

Read More

Tagged As: , , , , ,