X hits on this document

PDF document

THONG GUAN INDUSTRIES BERHAD - page 35 / 72

212 views

0 shares

1 downloads

0 comments

35 / 72

THONG GUAN INDUSTRIES BERHAD

33

Notes to the financial statements

Thong Guan Industries Berhad is a public limited liability company, incorporated and domiciled in Malaysia and is listed on the Main Board of Bursa Malaysia Securities Berhad.The addresses of its registered office and principal place of business are as follows:

Registered office

Suite 2-1, 2nd Floor Menara Penang Garden 42A, Jalan Sultan Ahmad Shah 10050 Penang

Principal place of business

Lot 52, Jalan PKNK 1/6 Kawasan Perusahaan Sungai Petani 08000 Sungai Petani Kedah Darul Aman

The consolidated financial statements of the Company as at and for the year ended 31 December 2007 comprise the Company and its subsidiaries (together referred to as the Group).

The Company is principally engaged in investment holding activities and also in trading of plastic and paper prod- ucts, whilst the principal activities of the subsidiaries are as stated in Note 5.

The financial statements were approved by the Board of Directors on 30 April 2008.

  • 1.

    Basis of preparation

    • (a)

      Statement of compliance

The financial statements of the Group and of the Company have been prepared in accordance with applicable approved Financial Reporting Standards (“FRS”) issued by the Malaysian Accounting Standards Board (“MASB”), accounting principles generally accepted in Malaysia and the provisions of the Companies Act, 1965.]

The MASB has also issued the following FRSs and Interpretations that are effective for annual periods beginning after 1 January 2007, and that have not been applied in preparing these financial statements :

FRSs/Interpretations

Effective date

FRS 107, Cash Flow Statements

1 July 2007

FRS 111, Construction Contracts

1 July 2007

FRS 112, Income Taxes

1 July 2007

FRS 118, Revenue

1 July 2007

FRS 120, Accounting for Government Grants and Disclosure of Government Assistance

1 July 2007

Amendment to FRS 121, The Effects of Changes in Foreign Exchange Rates - Net Investment in a Foreign Operation

1 July 2007

FRS 134, Interim Financial Reporting

1 July 2007

FRS 137, Provisions, Contingent Liabilities and Contingent Assets

1 July 2007

FRS 139, Financial Instruments : Recognition and Measurement

To be announced

IC Interpretation 1, Changes in Existing Decommissioning, Restoration and Similar Liabilities

1 July 2007

Document info
Document views212
Page views220
Page last viewedWed Dec 07 16:45:49 UTC 2016
Pages72
Paragraphs3918
Words26216

Comments