Property, plant and equipment and depreciation All items of property, plant and equipment are initially recorded at cost. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is prob...
Intangible assets i. Goodwill Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of business combination over the Group’s interest in the net fair value of the identifiable assets, liabilities and conti...
Subsidiaries and basis of consolidation i. Subsidiaries Subsidiaries are entities over which the Group has the ability to control the financial and operating policies so as to obtain benefits from their activities. The existence and effect of potential voting ...
Independent auditors’ report to the members of ABC Bhd. (Incorporated in Malaysia) Report on the Financial Statements We were engaged to audit the financial statements of ABC Bhd., which comprise the balance sheets as at (date/month/year) of the Group and o...
This is usually disclosed in the Directors’ Report and also as a Note to the Financial Statements Change of financial year end The financial year end of the Company was changed from 31 March to 30 June. Accordingly, the comparative figures for the income sta...