DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
|
Annual Report
2015
70
Dayang Enterprise Holdings Bhd. is a public limited liability company, incorporated and domiciled in Malaysia
and is listed on the Main Market of Bursa Malaysia Securities Berhad. The address of its registered office as
well as the principal place of business of the Company is Sublot 5-10, Lot 46, Block 10, Jalan Taman Raja, Miri
Concession Land District, 98000 Miri, Sarawak.
The consolidated financial statements of the Company as at and for the financial year ended 31 December
2015 comprise the Company and its subsidiaries (together referred to as the “Group” and individually referred
to as “group entities”) and the Group’s interest in associates.
The Company is principally engaged in investment holding while the principal activities of the subsidiaries are as
stated in Note 6 to the financial statements.
These financial statements were authorised for issue by the Board of Directors on 12 April 2016.
1.
Basis of preparation
(a) Statement of compliance
The financial statements of the Group and of the Company have been prepared in accordance with
Malaysian Financial Reporting Standards (“MFRSs”), International Financial Reporting Standards and
the requirements of the Companies Act, 1965 in Malaysia. These financial statements also comply
with the applicable disclosure provisions of the Listing Requirements of Bursa Malaysia Securities
Berhad.
The following are the accounting standards, amendments and interpretations of the MRFSs that
have been issued by the Malaysian Accounting Standards Board (“MASB”) but have not been
adopted by the Group and the Company:
MFRS/ Amendment/ Interpretation
Effective date
Amendments to MFRS 5,
Non-Current Assets Held for
Sale and Discontinued Operations (Annual
Improvements 2012-2014 Cycle)
1 January 2016
Amendments to MFRS 7,
Financial Instruments:
Disclosures (Annual Improvements 2012-2014 Cycle)
1 January 2016
Amendments to MFRS 10,
Consolidated Financial
Statements, MFRS 12, Disclosure of Interests in
Other Entities and MFRS 128, Investments in
Associates and Joint Ventures
1 January 2016
Amendments to MFRS 11,
Joint Arrangements
- Accounting for Acquisitions of Interests in Joint
Operations
1 January 2016
MFRS 14,
Regulatory Deferral Accounts
1 January 2016
Amendments to MFRS 101, Presentation of Financial
Statements
1 January 2016
Amendments to MFRS 116,
Property, Plant and
Equipment and MFRS 138, Intangible Assets -
Clarification of Acceptable Methods of Depreciation
and Amortisation
1 January 2016
Amendments to MFRS 116,
Property, Plant and
Equipment and MFRS 141, Agriculture
- Agriculture: Bearer Plants
1 January 2016
Amendments to MFRS 119,
Employee Benefits
(Annual Improvements 2012-2014 Cycle)
1 January 2016
Notes to the
Financial Statements
