Sample Disclosure – Financial Results in Directors’ Report (21 August 2009)
FINANCIAL RESULTS
| Group | Company | |
| RM | RM | |
| Loss for the year:- | ||
| Loss for the year from continuing operations | (1,200,000) | (1,000,000) |
| Loss for the year from discontinued operations | (700,000) | - |
| (1,900,000) | (1,000,000) |
There were no material transfer to or from reserves during the financial year.
In the opinion of the directors, the results and operations of the Group and of the Company during the financial year were not substantially affected by any item, event or transaction of material and unusual in nature except the following:-
(i) the effect arising from review of impairment of property, plant and equipment resulting in an imparment loss of RM800,000 recognised during the financial year.
(ii) the effect arising from the remeasurement of the carrying value of assets of disposal group resulting in remeasurement loss of RM900,000 as disclosed in Note X to the financial statements.
(iii) the effect arising from the review of impairment of investment in subsidiaries of the Company resulting in an imparment loss of RM500,000 recognised during the financial year.
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Sample Disclosure – Financial Results In Directors’ Report (21 August 2009) « Learnaccounting’s Weblog on August 24, 2009
[...] Posted by learnaccounting on August 24, 2009 If you need sample disclosure of financial results which shows loss from continuing and discontinued operations, items which are material and unusual in nature on impairment of assets and remeasurement of assets of disposal group please refer to: Financial Results [...]