Tag: sample disclosure of accounting policy

Sample Disclosure – Accounting Policy Of Defined Benefit Employee Retirement Plan (13 November 2009)

Defined benefit plan The Company’s net obligation in respect of its defined benefit retirement plan is calculated by estimating the amount of future benefit that employees have earned in return for their service in the current financial year and prior period...

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Sample Disclosure – Accounting Policy On Government Grant (12 November 2009)

Government Grants Government grants are recognised at fair value when there is reasonable assurance that the Group will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred i...

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Sample Disclosure – Accounting Policy On Intangible Asset, Trademarks (8 November 2009)

Intangible Asset – Trademarks Trademarks acquired have finite useful lives and are carried at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is calculated using the straight-line method to allocate the cost of ...

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Sample Disclosure – Accounting Policy On Property Construction-in-progress (28 Ocotber 2009)

Property construction-in-progress Property construction-in-progress is stated at cost and not depreciated. The property would be transferred to property, plant and equipment or investment property (depending on the intended purpose and use of the property) upo...

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Sample Disclosure – Accounting Policy On Capital Work-in-progress (27 October 2009)

Capital work-in-progress Capital work-in-progress is stated at cost and not depreciated. Depreciation on capital work-in-progress commences when the assets are ready for their intended use. Note: This is usually disclosed as an asset category of property, plan...

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Sample Disclosure – Accounting Policy On Intangible Assets (9 September 2009)

Intangible Assets Research and Development Expenditure Research expenditure is recognised as an expense when it is incurred. Development expenditure is recognised as an expense except that expenditure incurred on development projects are capitalised as long-te...

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