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disclosed separately. In addition, with respect to any long-term liabilities, an enterprise should disclose by way of note a summary of the interest rates, repayment terms, covenants, subordinations, conversion features and amounts of unamortised premium or discount. 2. The detail provided in sub-classifications, either on the face of the balance sheet or in the notes, depends on the requirements of Financial Reporting Standards and other technical pronouncements and the size, nature and function of the amounts involved. The factors set out in paragraph 70 are also used to decide the basis of sub-classification. The disclosures will vary for each item, for example: 1. tangible assets are classified by class as described in FRS 1162004, Property, Plant and Equipment; 2. receivables are analysed between amounts receivables from trade customers, other members of the group, receivables from related parties, prepayments and other amounts; 3. inventories are sub-classified, in accordance with FRS 1022004, Inventories, into classifications such as merchandise, production supplies, materials, work in progress and finished goods; 4. provisions are analysed showing separately provisions for employee benefit costs and other items classified in a manner appropriate to the enterprise's operations; 5. equity capital and reserves are analysed showing separately the various classes of paid up capital, share premium and reserves; and 6. long-term liabilities are disclosed separately showing the nature or recipient by group such as secured loans, unsecured loans, inter-company loans and loans from associated companies. 1. An enterprise should disclose the following, either on the face of the balance sheet or in the notes: 1. for each class of share capital: 1. the number of shares authorised; 2. the number of shares issued and fully paid, and issued but not fully paid; 3. par value per share, or that the shares have no par value; 4. a reconciliation of the number of shares outstanding at the beginning and at the end of the year; 5. the rights, preferences and restrictions attaching to that class including restrictions on the distribution of dividends and the repayment of capital; 6. shares in the enterprise held by the enterprise itself or by subsidiaries or associates of the enterprise; and 7. shares reserved for issuance under options and sales contracts, including the terms and amounts; 2. a description of the nature and purpose of each reserve within owner's equity; 3. the amount of dividens that were propesed or declared after the balance sheet date but before the financial statements were authorised for issue; and 4. the amount of any cumulative preference dividends not recognised. An enterprise without share capital such as a partnership, should disclose information equivalent to that required above, showing movements during the period in each category of equity interest and the rights, preferences and restrictions attaching to each category of equity interest.
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