Tag: change in accounting policy

Sample Disclosure – Change In Accounting Policy Due To Early Adoption Of FRS 4 Insurance Contracts (23 November 2010)

Early Adoption of FRSs and Amendments to FRSs During the financial year, the Group early adopted FRS 4 Insurance Contracts in accordance with the transitional provisions require simultaneous adoption of Financial Guarantee Contracts (Amendments to IAS 39 and I...

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Sample Disclosure – Change In Accounting Policy, Measurement Of Stage Of Completion Of Contract Work (8 December 2009)

CHANGE IN ACCOUNTING POLICY – MEASUREMENT OF STAGE OF COMPLETION FOR CONTRACT WORK Prior to 1 July 2008, where the outcome of a construction contract can be reliably estimated, contract revenue and contract costs are recognised as revenue and expenses respec...

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Sample Disclosure – Change In Accounting Policy Adoption Of FRS 140 Investment Property (30 October 2009)

Change In Accounting Policy As A Result Of Adoption Of FRS 140: Investment Property The adoption of this new FRS has resulted in a change in accounting policy for investment properties. Investment properties of the Company are now stated at fair value, represe...

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Sample Disclosure – Change In Accounting Policy Of Inventories Valuation Method (29 October 2009)

Change in Accounting Policy – Valuation Method of Inventories Prior to 1 January 2009, the cost of inventories was determined on the weighted average basis. The directors consider that the change to the first-in, first-out method gives a fairer presentat...

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Sample Disclosure – Segmental Information Change In Accounting Policy And Note (13 October 2009)

SEGMENTAL INFORMATION a)       Change in accounting policy   Prior to 30 April 2008, the Group presented its segmental information only by geographical segment as the Group’s activities were predominantly in the sector of property development and manu...

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Sample Disclosure – Change In Accounting Policy On Non-amortisation Of Plantation Development Expenditure (24 August 2009)

Non-amortisation of Plantation Development Expenditure With effect from 1 April 2008, planting expenditure incurred on newly developed land capitalised under plantation development expenditure is not amortised. Replanting expenditure of similar crops on former...

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