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BALANCE SHEETS
As at 31 December 2015
2015 Ranking
MPERS vs MFRS MPERS
RM MFRS
NON-CURRENT ASSETS
MFRS 116; Section 17; Property, plant and equipment
- Initial measurement: at cost - Initial measurement: at cost
- Subsequent measurement: - Subsequent measurement:
Property, plant and equipment 3,343,470 L - to provides an option to measure PPE at the depreciated cost model or - at cost less accumulated depreciation & accumulated impairment losses
the depreciated revaluation model
- The 2015 amendments provides an option to use the COST model or the
revaluation
As describe in MPERS - Uses a temporary difference approach to recognise tax asset and tax liabilities
Deferred taxation 352,049 VL - To apply balance sheet method to account for deferred taxes
- Recognition of deferred tax assets for unused tax losses and tax credit is
based on the extent that it is probable future taxable profit will be available
againts which the unused tax credit and losses can be utilised.
3,695,519
CURRENT ASSETS
Other payables and accruals 2,800,717 M - The initial measurement is at fair value which is an exit - requires impairment test at the end of each period for
14,789,630 price the financial assets measured at cost or amortised cost.
891,898
N No difference
VL Very low level
L Low level
M Medium level
H High level
VH Very high level
PUTRAJAYA FLORIA SDN. BHD,
BALANCE SHEETS
As at 31 December 2015
2015 Ranking
MPERS vs MFRS MPERS
RM MFRS
NON-CURRENT ASSETS
MFRS 116; Section 17; Property, plant and equipment
- Initial measurement: at cost - Initial measurement: at cost
- Subsequent measurement: - Subsequent measurement:
Property, plant and equipment 334,772 L - to provides an option to measure PPE at the depreciated cost model or - at cost less accumulated depreciation & accumulated impairment losses
the depreciated revaluation model
- The 2015 amendments provides an option to use the COST model or the
revaluation
As describe in MPERS - Uses a temporary difference approach to recognise tax asset and tax liabilities
Deferred taxation 58,838 VL - To apply balance sheet method to account for deferred taxes
- Recognition of deferred tax assets for unused tax losses and tax credit is
based on the extent that it is probable future taxable profit will be available
againts which the unused tax credit and losses can be utilised.
393,610
CURRENT ASSETS
- For financial assets, the measurement model is fair value except for HTM b. Commitments to receive a loan: at cost less impairment
CURRENT LIABILITIES and L&R which must measured at amortised cosr model
(5,059,939)
N No difference
VL Very low level
L Low level
M Medium level
H High level
VH Very high level
MARINA PUTRAJAYA SDN. BHD.
BALANCE SHEETS
As at 31 December 2015
2015 Ranking
MPERS vs MFRS MPERS
RM MFRS
NON-CURRENT ASSETS
MFRS 116; Section 17;
- Initial measurement: at cost - Initial measurement: at cost
- Subsequent measurement: - Subsequent measurement:
Property, plant and equipment 882,446 L - to provides an option to measure PPE at the depreciated cost model or - at cost less accumulated depreciation & accumulated impairment losses
the depreciated revaluation model
- The 2015 amendments provides an option to use the COST model or the
revaluation
882,446
CURRENT ASSETS
- For financial assets, the measurement model is fair value except for HTM b. Commitments to receive a loan: at cost less impairment
CURRENT LIABILITIES and L&R which must measured at amortised cosr model
Amount owing to holding company 953,599 Section 124 Section 33; Related Party Disclosure
- Uses the criteria of control, joint control and significant influence to identify - Requires disclosure of the control relationships between holding and
VL a related party disclosure. sibsidiary.
VL
- The scope of relationships is specified and its includes individual persons - Requires disclosure of the amount of outstanding balances and their term
and close family members. and conditions, including whether they are secured, the nature of the
consideration to be provided in settlement.
- Control relationships of holding and subsidiaries shall be disclosed. - There no significant differences compared to MFRS 124
NON-CURRENT LIABILITIES
38,947 As describe in MPERS - Uses a temporary difference approach to recognise tax asset and tax liabilities
- To apply balance sheet method to account for deferred taxes
- Recognition of deferred tax assets for unused tax losses and tax credit is
based on the extent that it is probable future taxable profit will be available
againts which the unused tax credit and losses can be utilised.
2,302,694
2015 Ranking
MPERS vs MFRS MPERS
RM MFRS
NON-CURRENT ASSETS
MFRS 116; Section 17;
- Initial measurement: at cost - Initial measurement: at cost
- Subsequent measurement: - Subsequent measurement:
Property, plant and equipment 240,968 L - to provides an option to measure PPE at the depreciated cost model or - at cost less accumulated depreciation & accumulated impairment losses
the depreciated revaluation model
- The 2015 amendments provides an option to use the COST model or the
revaluation
240,968
CURRENT ASSETS
- For financial assets, the measurement model is fair value except for HTM b. Commitments to receive a loan: at cost less impairment
CURRENT LIABILITIES and L&R which must measured at amortised cosr model
VL
- A lease is classified as a finance lease if it is transfers substantially all the
risk and rewaards incidental to ownership.
- If the lease do not meet the transfer of risk and reward, there will classified
as operating lease.
VL - For finance lease, a lessee shall capitalised the leased asset and the
corresponding the lease liability.
- The subsequent measurement of the lease liabilty is at amortised coast
effective interest method in ehich is finance charge is allocated to each
period using a constant rare of interest.
- No option is provided for approximation such as sum of digit method
- Lease payments are recognised as expenses
NON-CURRENT LIABILITIES
36,760 As describe in MPERS - Uses a temporary difference approach to recognise tax asset and tax liabilities
- To apply balance sheet method to account for deferred taxes
- Recognition of deferred tax assets for unused tax losses and tax credit is
based on the extent that it is probable future taxable profit will be available
againts which the unused tax credit and losses can be utilised.
(2,329,458)
N No difference
VL Very low level
L Low level
M Medium level
H High level
VH Very high level
PJ HOTELS & RESORT SDN. BHD.
BALANCE SHEETS
As at 31 December 2015
2015 Ranking
MPERS vs MFRS MPERS
RM MFRS
NON-CURRENT ASSETS
-
CURRENT ASSETS
CURRENT LIABILITIES
Other payables and accruals 2,266,489 M - The initial measurement is at fair value which is an exit price - requires impairment test at the end of each period for
(3,197,705)