Likely breach of requisite size condition Loan covenants, where financial institutions and lenders requiring statements in full SFRS Plans for public listing The impact on group companies The full set of Singapore FRS (SFRS) is available at Accounting Standards Council website. There are more than ...
Singapore FRS There are more than 40 Financial Reporting Standards (FRS) issued in Singapore. EachSingapore accounting standardscovers a specific topic and hence, not all the standards will be relevant to a particular business. However, by following the standards, financial transactions will be record...
(3) Comprise mainly adjustments for hedging instruments measured at fair values under FRS 39, Financial Instruments: Recognition and Measurement. "*" denotes less than S$0.5 million. Interest expense increased by 11% from higher average borrowings partly offset by decline in interest rates. Net ...
According to Singapore Financial Reporting Standard (FRS) 38 'Intangible Asset', an intangible asset is 'an identifiable non-monetary asset without physical substance held for use in the production or supply of goods or services, for rental to others, or for administrative purposes'. According to...
Mr Cheong Mun Hong, Partner of MHC Partnership LLP (photo on the left) was the speaker for FRS 115Revenue from Contracts with Customerswhile Ms Cheong Kum Foong, Partner of MHC Partnership LLP (photo on the right) was the Emcee for the seminar. ...
RAP 7 requires that accounting policies adopted should generally comply with the recognition and measurement principles of Singapore Financial Reporting Standards ("FRS"). These financial statements, which are expressed in Singapore Dollars and rounde...
accountingestimatesanderrors4.Financialinstruments5.Foreigncurrencies6.Insurancecontracts7.Incomestatementandrelatednotes8.Revenue9.Segmentreporting(FRS14)9A.Segmentreporting(FRS108)10.Employeebene ts11.Share-basedpayment12.Retirementbene tplans13.Taxation14.EarningspershareBalancesheetandrelatednotes15.Intangible ...
845.2 23.9%PBIT*434.1443.0 2.1%AttributableProfit*297.2334.8 12.7%FRS40Adjustments40.6(112.2)-nm-*ExcludesFRS40andEISlide3FY2009FullYearResults(13November2009)Note:•Excludingoverseasprovisionsof$85m,FY2009PBITis$528m,representing21.3%growthoverlastyearSlide4FY2009FullYearResults(13November2009)PBIT...