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133 (JOHOR)
CONTENTS
PAGE NO.
Statement by Directors
Balance Sheet
58
9 - 10
The Board of Directors do hereby state that, in their opinion, the accompanying Balance
Sheet, Income and Expenditure Statement together with the notes thereto are drawn up
in accordance with the rules of the Association, the provisions of the Societies Act, 1966
and Private Entity Reporting Standards so as to give a true and fair view of the state of
affairs of the Association at 31st December 2014 and its financial performance for the year
ended on that date.
Page 1
2014
2013
RM
RM
3,050,801
300,000
3,223,601
-
3,350,801
3,223,601
78,996
198,651
1,186,039
80,473
185,236
1,856,661
1,463,686
2,122,370
4,814,487
5,345,971
RM
RM
(858,464)
(427,536)
RESERVE FUND
2,644,651
2,644,651
BUILDING FUND
2,220,000
2,220,000
4,006,187
4,437,115
800,000
900,000
8,300
8,856
4,814,487
5,345,971
Note
NON-CURRENT ASSETS
Property, plant and equipment
Investment in Malaysian Trust funds
CURRENT ASSETS
Other receivables and deposits
Cash and bank balances
Fixed deposits with licensed bank
TOTAL ASSETS
DEFERRED INCOME
CURRENT LIABILITIES
Other payables and accruals
TOTAL FUND AND LIABILITIES
Page 2
2014
2013
RM
RM
1,587,965
1,739,829
(2,018,893)
(1,836,520)
(430,928)
(96,691)
(427,536)
(330,845)
(858,464)
(427,536)
Note
5
INCOME
EXPENDITURE
Page 3
2014
2013
RM
RM
(430,928)
(96,691)
283,211
(66,369)
282,927
(80,492)
(214,086)
(105,744)
1,477
(100,556)
13,749
(199,686)
(313,165)
(80,193)
66,369
(110,411)
(300,000)
80,492
(604,300)
-
(344,042)
(523,808)
(657,207)
(604,001)
2,041,897
2,645,898
1,384,690
2,041,897
1,000
197,651
1,186,039
1,000
184,236
1,856,661
1,384,690
2,041,897
2-10%
10%
Motor vehicle
10%
Signboard
10%
Equipments
10%
The carrying values of the property, plant and equipment are reviewed for
impairment when there is an indication that the assets might be impaired.
Impairment is measured by comparing the carrying values of the assets with their
recoverable amounts. An impairment loss will be charged immediately to the
income statement.
(c) Investments
Investments in Malaysian trust funds which are held as long term investments are
stated at cost ,allowance is made for diminution in value where,in the opinion of
the Directors, there is a decline, other than temporary, in value of the investment.
(d) Other Receivables
Other receivables are carried at anticipated realisable value. Known bad debts are
written off and specific allowances are made for any debts considered to be
doubtful of collection.
Page 5
1.
Page 6
Furniture,
fittings and
renovation
Motor vehicles
Equipments
RM
Cost
As at 1/1/2014
Additions
2,779,648
-
1,467,491
57,910
531,473
-
7,980
16,323
526,896
36,178
5,313,488
110,411
Balance 31/12/2014
2,779,648
1,525,401
531,473
24,303
563,074
5,423,899
Accumulated
Depreciation
As at 1/1/2014
Charge for the year
1,072,700
54,760
356,833
145,017
354,246
35,885
3,483
2,430
302,625
45,119
2,089,887
283,211
Balance 31/12/2014
1,127,460
501,850
390,131
5,913
347,744
2,373,098
1,652,188
1,023,551
141,342
18,390
215,330
3,050,801
1,706,948
1,110,658
177,227
4,497
224,271
3,223,601
54,842
146,529
35,885
798
44,873
282,927
Page 7
RM
RM
Total
RM
RM
Signboard
RM
Cash in hand
Cash at banks
2014
2013
RM
RM
1,000
197,651
1,000
184,236
198,651
185,236
2014
2013
RM
RM
900,000
1,000,000
(100,000)
(100,000)
800,000
900,000
4. DEFERRED INCOME
2013
RM
RM
491,204
552,455
100,000
574,218
265,574
69,902
66,369
20,698
100,000
732,540
175,634
76,364
79,762
23,074
1,587,965
1,739,829
Page 8
Opinion
In our opinion, the financial statements give a true and fair view of the financial position of
the Association as of 31st December 2014 and of its financial performance and cash flows
for the financial year then ended in accordance with Private Entity Reporting Standards
and the requirements of the Societies Act, 1966 in Malaysia.
OTHER MATTERS
This report is made solely to the members of the Association, as a body, in accordance
with rules of the Association and of the Societies Act, 1966 in Malaysia and for no other
purpose. We do not assume responsibility to any other person for the content of this
report.
CHARTERED ACCOUNTANTS
FIRM NO. AF-0218
Johor Bahru,
Page 10
CA(M). FCCA.
2014
2013
RM
RM
823
574,218
591,204
66,369
3,232
1,000
7,510
8,133
265,574
69,902
797
1,836
732,540
652,455
79,762
228
4,676
12,531
3,006
175,634
76,364
1,587,965
1,739,829
Less:
EXPENDITURE
Accountancy fee
Advertisements
Allowances for students
Annual general meeting
Audit fee
Bank charges
Depreciation
Food and refreshments
Fund raising event expenses
Gift and condolence
Insurance
Miscellaneous expenses
Motor vehicle running expenses
2,400
2,162
157,233
3,500
464
283,211
69,898
46,440
3,285
5,090
4,968
58,693
2,400
678
167,193
7,000
3,500
1,402
282,927
109,449
27,521
2,451
4,801
5,684
56,205
637,344
671,211
INCOME
Commission received
Course training fee
Donations received
Government grants received
Interest on fixed deposit
Membership subscription
Miscellaneous Income
Out-Patient Charges
Reimbursements received
Rental Income
School and bus fee
2014
2013
RM
RM
637,344
671,211
458
1,440
34,188
21,917
1,013,458
26,171
20,000
30,732
400
142,223
3,846
16,072
5811
7,879
739
56,215
525
3,033
10,807
27,544
945,465
14,117
28,000
25,347
500
23,585
16,114
3,736
9,819
5,528
1,750
49,439
2,018,893
1,836,520
(430,928)
(96,691)