Biological Assets All expenses incurred in land preparation, planting and development of crops up to maturity are capitalised as biological assets; all expenses subsequent to maturity are recognised directly in income statement. Biological assets are stated at...
Inventories Inventories of the Group and of Company comprise the following:- Harvested Oil Palm Fruits Work-in-progress and Finished Palm Oil Products Oil Palm Seedlings Stores and Consumable Supplies The above inventories are stated at the lower of cost (dete...
SPECIAL RESERVE (NON-DISTRIBUTABLE) During the financial year ended 30 June 2000, the Company was successful in obtaining court approval to reduce its share premium account by RM15,000,000 and for such amount to be transferred to a Special Reserve Account and ...
Early Adoption Of Accounting Standards – FRS 123 Borrowing Costs The Company has applied early adoption of FRS 123, Borrowing Costs for the current financial year although compliance with this standard is mandatory only with effect from 1 January 2010. T...
Adjustment Made In Respect Of Correction Of Prior Year Error In the previous financial year, a wholly owned subsidiary company declared an interim tax exempt dividend of RM0.10 per share on its 10,000,000 ordinary shares of RM1/- each amounting to RM1,000,000....
SIGNIFICANT EVENT SUBSEQUENT TO BALANCE SHEET DATE On day/month/year, the Company entered into a Sale and Purchase Agreement with a third party for the disposal of a parcel of its land held under the title No. XXXX for a cash consideration of RMX,XXX,XXX. 10% ...