Realised and Unrealised Profits On 25 March 2010, Bursa Malaysia Securities Berhad (“Bursa Malaysia”) issued a directive to all listed issuers pursuant to Paragraphs 2.06 and 2.23 of Bursa Malaysia Main Market Listing Requirements. The directive requires a...
RESERVES i. Share premium arose from the issuance of 10,575,000 shares of RM1.00 each at a premium of RM0.15 per share, net of listing expenses. ii. Asset revaluation surplus arose from revaluation of freehold land...
SIGNIFICANT EVENT SUBSEQUENT TO THE BALANCE SHEET DATE On 18 November 2010, the Group through its wholly-owned subsidiary company, DEF Sdn. Bhd., subscribed for the entire ordinary shares of GHI Sdn. BHd., for a total cash consideration of RM1,000, resulting i...
Biological Assets – Forest planting expenditure All direct and related expenses incurred on the development of the Company’s Sustainable Forest Ecology and Management Project under the licensed agreement entered into with the State Government of Wonder...
Intangible assets – timber rights This represents the exclusive rights acquired by the Company to extract and purchase all commercial timber logs extractable from a designated timber concession area. Timber rights are stated at cost less accumulated amoritsa...
ABC SDN. BHD. (Incorporated in Malaysia) INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF ABC SDN. BHD. Report on the Financial Statements We have audited the financial statements of ABC SDN. BHD., which comprise the balance sheets as at 30 September 2010 of t...