Principal Activities The principal activity of the Company is investment holding and its subsidiaries are primarily engaged in the manufacture and sale of chilli sauce, bottles and containers manufacturing and packaging and the provision of management services...
Warrants reserve Proceeds from the issuance of warrants, net of issue costs, are credited to warrants reserve. Warrants reserve is non-distributable and will be transferred to share premium account upon the exercise of warrants. Balance of warrants reserve in ...
A good article I have read today on income tax treatment of non-executive directors of companies on The Star newspaper The Star, starbiz, Wednesday January 19, 2011 Did you know non-executive directors are a special group of taxpayers? Tax Insights – By ...
Investment Properties Investment properties are held for long term rental yields or for capital appreciation or both, and are not occupied by companies within the Group. Investment properties are measured initially at cost. After initial recognition, investmen...
Exemption from the requirement of the financial year end of new subsidiaries to coincide with that of the holding company Pursuant to Section 168 of the Companies Act, 1965, the financial year end of the Company’s two newly acquired foreign subsidiaries, ABC...
Financial guarantees issued Financial guarantees issued by the Company and those companies within the consolidated entity (“Group”) are recognised as financial liabilities at the date the guarantee is issued. Liabilities arising from financial guarantee co...