Sample Reports And Financial Statements (5 July 2011)

Click Here For Sample Reports and Financial Statements

Warning: You may use this template and modify for your own use and distribute it without modification but please do not sell it to others without my consent.

Use this template with your own judgment and care as there are frequent changes in adoption of new or revised standards and interpretation in Malaysia. Malaysia is on its path of full convergence with IFRSs by 2012.


This is a complete sample Reports and Financial Statements of a limited company with one subsidiary company prepared in accordance with Financial 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 STATEMENT OF FINANCIAL POSITION (THE GROUP)

CONSOLIDATED COMPREHENSIVE INCOME STATEMENT (THE GROUP)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (THE GROUP)

CONSOLIDATED STATEMENT OF CASH FLOWS (THE GROUP)

STATEMENT OF FINANCIAL POSITION (THE COMPANY)

STATEMENT OF COMPREHENSIVE INCOME (THE COMPANY)

STATEMENT OF CHANGES IN EQUITY (THE COMPANY)

STATEMENT OF CASH FLOWS (THE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS (Comprising Significant Accounting Policies: Basis of Preparation, Standards and Interpretation, Basis of Consolidation & Goodwill, Investments, Property Plant and Equipment and Depreciation, Financial Assets, Financial Liabilities, Offsetting Financial Instruments, Impairment of Financial Assets, Impairment of Non-financial Assets, Income Taxes, Revenue Recognition, Foreign Currency Transactions and Balances, Employee Benefits, Leases, Segment Reporting, Contingencies, Financial Risk Management Policy, Critical Accounting Estimates Judgments and Key Sources Of Estimation Uncertainty)

NOTE ON PROPERTY, PLANT AND EQUIPMENT OF THE COMPANY

NOTE ON PROPERTY, PLANT AND EQUIPMENT OF THE GROUP

NOTE ON AVAILABLE-FOR-SALE FINANCIAL ASSETS, INVESTMENT IN ASSOCIATED COMPANY, 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, CONTINGENT LIABILITIES, FINANCIAL INSTRUMENTS BY CATEGORY AND RELATED PARTIES)

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 Statement by Directors and Statutory Declaration (20 October 2009)

Section 169 (15) of the Companies Act, 1965 in Malaysia says:”The directors of a company shall cause to be attached to every balance sheet and profit and loss account laid before the company in general meeting (including any consolidated balance sheet and consolidated profit and loss account of a holding company) a statement made in accordance with a resolution of the directors and signed by at least two directors stating whether, in the opinion of the directors-

(a) the profit and loss account and, where applicable, the consolidated profit and loss account, is or are drawn up so as to give a true and fair view of the results of the business of the company and, if applicable, of all the companies the accounts of which are dealt with in the consolidated profit and loss account for the period covered by the account or accounts;

(b) the balance sheet, and where applicable the consolidated balance sheet, is or are drawn up so as to give a true and fair view of the state of affairs of the company and, if applicable, of all the companies the affairs of which are dealt with in the consolidated balance sheet as at the end of that period; and

(c) the accounts, and where applicable the consolidated accounts, have been made out in accordance with the applicable approved accounting standards.”

Section 169 (16) of the Companies Act, 1965 in Malaysia says: “Every balance sheet and profit and loss account of a company laid before the company in general meeting (including any consolidated balance sheet and consolidated profit and loss account annexed to the balance sheet and profit and loss account of a holding company) shall be accompanied by a statutory declaration by a director or where that director is not primarily responsible for the financial management of the company by the person so responsible setting forth his opinion as to the correctness or otherwise of the balance sheet and profit and loss account and, where applicable, the consolidated balance sheet and consolidated profit and loss account.”

This is a sample of Statement by Directors accompanying the directors’ report, auditors’ report and audited financial statements as required by Section   of the Companies Act, 1965 in Malaysia. The statutory declaration is required to be made by the director or officer primarily responsible for the financial management of the company (Chief Financial Officer, Financial Controller, Accountant or other personnel holding similar position):-

Click Here For Sample In Excel Format

Sample Statement by Directors and Statutory Declaration 20 October 2009