Tag: Sample Disclosure in Financial Statements

Sample Disclosure – Impairment of Assets (27 November 2008)

Impairment of assets The carrying amounts of assets, other than investment properties, inventories, deferred tax assets and non-current assets (or disposal groups) held for sale, are reviewed at each balance sheet date to determine whether there is any indicat...

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Sample Disclosure – Investment Properties (27 November 2008)

Investment properties Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Such properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, inve...

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Sample Disclosure – Property, Plant and Equipment (27 November 2008)

Property, plant and equipment and depreciation All items of property, plant and equipment are initially recorded at cost. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is prob...

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Sample Disclosure – Intangible Assets (26 November 2008)

Intangible assets i. Goodwill Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of business combination over the Group’s interest in the net fair value of the identifiable assets, liabilities and conti...

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Sample Disclosure – Accounting Policy on Subsidiaries and Consolidation (25 November 2008)

Subsidiaries and basis of consolidation i. Subsidiaries Subsidiaries are entities over which the Group has the ability to control the financial and operating policies so as to obtain benefits from their activities. The existence and effect of potential voting ...

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