Category: Sample Disclosure in Directors’ Report

Sample Reports And Financial Statements (20 October 2009)

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This is a complete sample Reports and Financial Statements of a company with one subsidiary company prepared in accordance with Private Entities Reporting Standards in Malaysia and the Companies Act, 1965. It is in an excel template with the following items included:-

  • DIRECTORS’ REPORT
  • STATEMENT BY DIRECTORS AND STATUTORY DECLARATION
  • AUDITORS’ REPORT
  • CONSOLIDATED BALANCE  SHEET (THE GROUP)
  • CONSOLIDATED INCOME STATEMENT (THE GROUP)
  • CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (THE GROUP)
  • CONSOLIDATED CASH FLOW STATEMENT (THE GROUP)
  • BALANCE  SHEET (THE COMPANY)
  • INCOME STATEMENT (THE COMPANY)
  • STATEMENT OF CHANGES IN EQUITY (THE COMPANY)
  • CASH FLOW STATEMENT (THE COMPANY)
  • NOTES TO THE FINANCIAL STATEMENTS (THE COMPANY)
  • FINANCIAL RISK MANAGEMENT POLICY
  • SIGNIFICANT ACCOUNTING POLICIES (Comprising Financial Risk Management Policy, Basis of Accounting, Basis Of Consolidation, Goodwill On Consolidation, Investments and Property, Plant and Equipment, Impairment of Assets, Income Taxes, Revenue Recognition, Foreign Currency Transactions and Balances, Employee Benefits, Financial Instruments)
  • NOTE ON PROPERTY, PLANT AND EQUIPMENT OF THE COMPANY
  • NOTE ON PROPERTY, PLANT AND EQUIPMENT OF THE GROUP
  • NOTE ON INVESTMENT, INVESTMENT IN ASSOCIATED COMPANY AND PART 1 OF INVESTMENT IN SUBSIDIARY COMPANY,  TRADE RECEIVABLES, AMOUNT DUE FROM ASSOCIATED COMPANY, AMOUNT DUE FROM SUBSIDIARY COMPANY AND FIXED DEPOSITS WITH LICENSED BANKS,  OTHER PAYABLES AND ACCRUALS, HIRE PURCHASE AND LEASE PAYABLES, BANK BORROWINGS, SHARE CAPITAL, DEFERRED TAX LIABILITIES, REVENUE, PROFIT BEFORE TAXATION, TAXATION AND CONTINGENT LIABILITIES
  • DETAILED INCOME STATEMENT (This does not form part of the  Reports and Financial Statements but frequently included for management purposes and other means such as income tax submission)

Sample Disclosure – Issue Of Shares In Directors’ Report (28 September 2009)

ISSUE OF SHARES

Pursuant to a Members’ Circular Resolution dated 1 February 2009, the authorised share capital of the Company was increased from RM100,000 to RM10,000,000 by the creation of an additional 9,900,000 ordinary shares of RM1.00 each.

On the same date, the issued and fully paid-up share capital of the Company was increased from RM100,000 to RM10,000,000 by the issue of an additional 9,900,000 new ordinary shares of RM1.00 each, at par, in satisfaction for the acquisition of the entire share capital of ABC Sdn. Bhd..

The new shares issued rank pari passu with the existing ordinary shares of the Company.

ABC Sdn. Bhd.  has become a wholly-owned subsidiary of the Company since 1 February 2009.

Sample Disclosure – Items Of Significant And Unusual Nature In Directors’ Report (9 September 2009)

ITEMS OF SIGNIFICANT AND UNUSUAL NATURE

In the opinion of the directors, the results of the operations of the Company for the financial year ended 30 June 2009 were substantially affected by the impairment loss on property, plant and equipment and prepaid land lease of RMXX,XXX,XXX and RMXX,XXX,XXX respectively. In addition, the financial results were also substantially affected by the inventories written down and the provision for employee termination benefits of RMXXX,XXX,XXX and RMXXX,XXX,XXX respectively. There were no items, transactions or events of material and unusual in nature noted in the interval between the end of the financial year and the date of this report that may affect further materially the results of the Company during the current financial year.

Sample Disclosure – Employees’ Share Option Scheme In Directors’ Report (2 September 2009)

EMPLOYEES’ SHARE OPTION SCHEME

No options were granted to any person to take up unissued shares of the Company during the financial year apart from the issue of options pursuant to the ESOS. The ESOS which became effective on 1 January 1999 is made available to eligible employees of the Group. At an Extraordinary General Meeting held on 31 January 2002, the shareholders of the Company approved the proposed amendments to the Bye-Laws of its existing ESOS. The ESOS have since expired on 1 January 2009 and the options granted under the ESOS have lapsed.

The information with respect to the number of option granted to employees and Directors of the Company under the ESOS during the financial year are as follows:

[——————Option Of RM1.00 each———————]
 

Exercise price

Balance as at

    

Balance as at

Date of offer

RM/Share

1 January 2008

(Lapsed)

(Exercised)

31 December 2008

10 January 1999

                       2.30

1,600,000

-100,000

-1,500,000

–

The Companies Commission of Malaysia had granted an exemption to the Company from having to disclose the name of the eligible employees who have been granted with options during the last financial year and the number of options granted to them in accordance with Section 169 (11)(a) of the Companies Act, 1965 except for eligible employees who have been granted with options to purchase 100,000 and more ordinary shares in last financial year. This information has been separately lodged to the Companies Commission of Malaysia.

Sample Disclosure – Issue Of Shares In Directors’ Report (2 September 2009)

ISSUE OF SHARES AND DEBENTURES

During the financial year, the issued and fully paid-up share capital of the Company was increased from RM10,000,000 to RM11,500,000 by way of issuance of 1,500,000 new ordinary shares of RM1.00 each by virtue of the exercise of the ESOS. The newly issued shares rank pari passu in all respects with the then existing shares of the Company.

There were no issues of debentures during the financial year.