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TUNKU PUTERI INTAN SAFINAZ SCHOOL OF

ACCOUNTANCY-TISSA
COLLEGE OF BUSINESS
UNIVERSITI UTARA MALAYSIA

BKAR3033 FINANCIAL ACCOUNTING AND REPORTING


III(A161)

GROUP PROJECT-
APPLICATION OF MFRS BY MALAYSIAN COMPANIES

Group _A_

Prepared For:
DR NORIAH CHE ADAM

Prepared By:

NAME MATRIC Phone. No.


NO.
1. HENG WEI LIANG 238426 010-4649011
2. LIM CHI LIE 238433 012-4276451
3. NORAINI BINTI JALAL 238401 017-2480271
4. NOOR ALIYAH BINTI 238389 018-3780102
ABDULLAH
5. NUR ATIKAH BINTI 238373 011-1981588
KAMARUZZAMAN
Date of Submission:
15th DECEMBER 2016
Table of content

NO. CONTENT PAGE NUMBER


1. Introduction 2
2 Background of companies:
1. Adventa Berhad 3
2. Leader Steel Holdings Berhad
3. Aluminium Company of Malaysia Berhad
4. Quality Concrete Holdings Berhad
5. Johore Tin Berhad
6. Dolomite Corporation Berhad
7. Can One Berhad
8. Bp Plastics Holdings Bhd
9. Daibochi Plastic & Packaging Inds Bhd
10. Lb Aluminium Berhad
3. Summary of the assigned 3
4. Applications of the standard in financial statements of companies:
1. MFRS 136 2011
2. MFRS 136 2014
3. MFRS 7 2011
4. MFRS 7 2014
5. Discussion:
1. Comparison of company between year 2011 and 2014
2. Comparison of 2 companies in year 2011
3. Comparison of 2 companies in year 2014
4. Comparison of the 3 most disclosures of companies
5. Comparison of the 3 least disclosures of companies
6. Comparison of all companies in year 2011
7. Comparison of all companies in year 2014
6. Conclusion
7. References

Page | 1
1.0 Introduction

The objective of this project is to enhance group members in understanding on the


application and compliance of accounting standards in Malaysian listed companies before and after
IFRS convergence in 2012. Convergence with IFRS means full compliance with IFRS as the basis
for financial reporting system in Malaysia. The usage of word "convergence" rather than "adopt"
because MASB still going to Malaysia and due to the need to comply with local laws regarding
financial reporting. Thus, the dual framework is envisioned and the goal is to fully converge or
harmonize the two frameworks on 1 January 2012. As a result of IFRS convergence plan, the
Board of Directors has adopted a new process to approve and adopt new or amended standards for
use in Malaysia.

The project requires group members to analyses the financial statements of listed
companies with financial year ending 2011 and 2014 based on the requirements of MFRSs and all
of group members are required to carry out a comparative analysis before and after the IFRS
convergence on the annual reports of chosen companies and make a conclusion to what extent the
companies comply with the MFRS requirements.

Page | 2
2.0 Background of companies

Company 1- Adventa Berhad

Adventa Berhad was founded in 2004 and is a Malaysian holding company where its industry is
health care selling health care products and medical products. Adventa Berhad started the glove-
making business and change to health care products after it acquired Electron Beam and Lucenxia.
Another subsidiary is Sun Healthcare Sdn. Bhd.

Company 2- Leader Steel Holdings Berhad

Leader Steel has more than 30 years of manufacturing history since the 1980s. The Company
started its business in the manufacturing of flat bars, and gradually evolved to various categories
of steel products which currently includes steel bars, steel pipes and tubes, hollow section, and etc.
The company has two wholly owned subsidiary companies in the USA and Hong Kong, and four
manufacturing facilities and offices in Malaysia at Bukit Tengah Penang, Kapar Klang, Sungai
Bakap Penang and Kuching Sarawak to offer a diverse range of quality products. In addition to
the manufacturing of steel products, Leader Steel is also engaged in trading and processing of
minerals such as iron ore, manganese, mill scales, slags, etc.

Company 3- Aluminium Company of Malaysia Berhad

Aluminium Company of Malaysia Berhad (ALCOM) has made its mark as one of the leading
aluminium manufacturers in the region. ALCOM is Malaysia’s largest manufacturer of aluminium
products with the output capacity of about 30,000 ton per annum, with a sizeable market share in
the Asian region.

Employing the latest technology, ALCOM is a leading manufacturer of aluminiums sheet and foil
product in this region. Combining its stringent quality practice, reliability and innovation,
ALCOM has successfully penetrated into highly competitive export market. Almost half of
Alcom’s annual productionss are export to markets such as Japan, China, Hong Kong, Taiwan, the
Middle East, Korea, Australia, Europe and South East Asia.

ALCOM is list in the Bursa Kuala Lumpur (KLSC). It achieved a group sales turnover of RM497
million for financial position ended 31/3/08. ALCOM was incorporated in 1960 as Alcan Malayan
Aluminium Company Ltd, and took on its present name in 1975. The ALCOM Group currently

Page | 3
consists of Aluminiums Company of Malaysia Bhd and ALCOM Nikkei Specialty Coatings Sdn
Bhd (ANSC).

ALCOM notched a first in 1991 when it commenced the productions of precoated fin stock through
ANSC, supported by NLM technology. ANSC has the distinction of being the first such plant in
the world outside Japan.

In 2008, ALCOM won the Prime Minister's Award for Industry Excellence, which is the highest
recognition given by the Government of Malaysia for overall organisation and business excellence.

Company 4- Quality Concrete Holdings Berhad

Quality Concrete Holdings Berhad is a Malaysia-based holding company. The Company focuses
on investment holding and provides management services. The Company operates through five
segments: Property development and construction, Manufacturing and premixing, Trading, Quarry
operations, and Investment and management services.

Its Property development and construction segment includes sale of properties and properties
construction. The Company's Manufacturing and premixing segment includes manufacture and
sale of ready-mixed concrete, concrete products, polyethylene pipes, woven polypropylene bags
and polyethylene liners, sawmilling and manufacture of downstream timber products.

The Company's Trading segment includes general trading. Its Quarry operations segment includes
extracting and sale of aggregates. Its Investment and management services segment includes
investment holding and advisory. The Company's subsidiaries are engaged in the trading in
building products.

Company 5- Johore Tin Berhad

Johore Tin Berhad (JTB) was incorporated in Malaysia on 22 November 2000 as a public
limited company under the Companies Act, 1965. The JTB is listed on the Main Market of Bursa
Malaysia with an issued and paid up capital of RM93,305,333 full. JTB is essentially an investment
holding company, whose subsidiaries are mainly engaged in manufacturing various tin cans, other
containers and printing Tinplates, as well as the manufacture and sale of milk and related dairy
products. At present, the JTB Group consists of five (5) a wholly owned subsidiary and one (1)
subsidiary with a shareholding of 80%, as follows:

Page | 4
• Johore Tin Factory Sdn. Bhd (JTF);

• Unican Industries Sdn. Bhd (UNI);

• Kluang Tin & Can Factory Sdn. Bhd (KTC);

• PT. Medan Johor Tin (PTM);

• Can Dairies Sdn. Ltd. (ABD); and

• Can Food Sdn. Bhd. (ABF).

Company 6- Dolomite Corporation Berhad

The Dolomite Group of Companies has a long and rich history in construction and building
trade in Malaysia. It started operations as a quarry operator in late 1950s with its initial quarry
located at Batu Caves, Selangor, Malaysia. When Klang Valley area experienced the rapid
development, the quarry was subsequently shifted to the 838 acres’ quarry site allocated by the
Government at Hulu Langat, Selangor, Malaysia.

Dolomite’s founders operated under the names of Bong Sin Construction Co Sdn Bhd and
Lim Quee & Sons Sdn Bhd, which subsequently became power houses in the construction industry
in the 1960s and 1970s. Construction and infrastructure projects is significant measures include
Merdeka Stadium, National Stadium, Bukit Nanas water treatment plant, Chin Woo Stadium,
mechanized sewage treatment plant on the Beach and the Royal Malaysian Navy base in
Woodlands, Singapore. Other development projects is 02:12 Desa Palma Condominium and
Condominium, Jalan Ampang, People's Park Complex and Sommerville Park Condominium in
Singapore.

Today, family second and third generation managing the original founders of the Dolomite
Group of Companies. Starting at Batu Caves, the Company has now emerged as one of the main
integrated group in the country. In 2003, Dolomite Corporation Berhad is a company listed on the
Main Board of Bursa Malaysia Securities Berhad.

Page | 5
Company 7- Can One Berhad

Can-One Berhad is a Malaysia based investment holding company. The company through
its subsidiaries, operates in two segments: general cans, which is engaged in the manufacture and
distribute of lithographed tin cans and plastic jerry cans, food products which is engaged in the
manufacture and distribution of food products. Its subsidiaries are Aik Joo Can Factory Sdn. Bhd.,
which is engaged in the manufacture of lithographed tin cans and plastic jerry cans which is
engaged in letting of landed property and property investment; Canzo Sdn. Bhd., which is engaged
in the manufacture and trading of plastic jerry cans; Sanjung Nuri Sdn. Bhd., which is engaged in
property investment; Newmarq Land Sdn. Bhd., Can-One International Sdn. Bhd., and Amber
Alliance Sdn. Bhd., which are investment holding company. In November 2011, the Company's
wholly owned subsidiary, Newmarq acquired Lumiera Corporation (Labuan) Pte Ltd.

Company 8- BP Plastic Sdn Bhd

BP Plastic Sdn Bhd established since 1990 that has transformed from a cottage plastic bag
manufacturer to became an ISO 9001:2008 accredited Premier Quality plastic film and bag
packaging manufacturer in Malaysia.BP is committed to produce top quality products both at its
dedicated multi-layer Cast Stretch Film Division and Industrial Plastic Bag Packaging Division.

Company 9- Daibochi Plastic & Packaging Industry Berhad

Daibochi Plastic & Packaging Industry Berhad was established in 1972 and is headquartered in
Melaka, Malaysia. Daibochi Plastic & Packaging Industry Bhd. engages in converting
manufacturing and marketing of flexible packaging. It operates through two segments which are
Packaging, and Property Development segments. The Packaging segment is engaged in
manufacturing and marketing of flexible packaging materials. The Property Development segment
is the development of land into residential and commercial building properties. The products
include plastic bags and packaging materials. The products are supplied to local end-users in the
food, cosmetics, detergent and toiletries, pharmaceutical and prophylactics, and consumer industry
particularly household gloves and swimming caps. The Company, through its subsidiaries, is
engaged in investment holding, and importing and marketing of packaging materials. Its
subsidiaries include Daibochi Land Sdn. Bhd., Daibochi Australia Pty. Ltd. and Daibochi New
Zealand Ltd.

Page | 6
Company 10-LB Aluminium Berahd

LB Aluminium Berhad was founded in 1985 and and based in Kuala Lumpur, Malaysia. It is the
largest supplier of aluminium extrusion in Malaysia and one of the largest aluminium extrusion
manufacturers in South-East Asia. LB Aluminium Berhad is listed under the Main Market of Bursa
Malaysia Securities Berhad and has been a public listed company since 1994. LB Aluminium
Berhad is engaged in the business of manufacturing, marketing and trading of aluminum extrusion
and ceiling metal tee products. The production facilities are located in Beranang, Selangor. The
Company, through its subsidiaries, is engaged in marketing and trading of aluminum hardware and
other fittings; trading of aluminum sheets and other metal products; retail and trading of aluminum
extrusion and accessories, and property holding. Its products include Extrusion, Expanded Mesh,
Aluminium Sheets/Coil, Albe Tee Ceiling Suspension System and Fitting & Accessories. It also
supplies extrusions for the fabrication of rolling shutters, patio doors, awning system, as well as
for gate railings, fencing and grilles. The Company provides value added services to its customers,
such as cutting, degreasing, punching, stamping, assemble and packing as original equipment
manufacturer

Page | 7
3.0 Summary of the standard in financial statements of companies

MFRS 136-Impairment of assets

Definition

Carrying amount is the amount at which an asset is recognised after deducting any
accumulated depreciation or accumulated amortisation and accumulated impairment losses
thereon. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value
less costs of disposal and its value in use. An impairment loss occurs when the carrying amount of
an asset or a cash-generating unit exceeds its recoverable amount.

Recognition and measurement

An impairment loss shall be recognised immediately in profit or loss for non-revalued asset.
However, an impairment loss on a revalued asset is recognised in other comprehensive income to
the extent that the impairment loss does not exceed the amount in the revaluation surplus for that
same asset. Such an impairment loss on a revalued asset reduces the revaluation surplus for that
asset. After the recognition of impairment loss, the amount of depreciation charged on assets shall
be adjusted to the carrying amount of assets based on the depreciation calculation method used.

For the recognition of carrying amount and recoverable amount of cash-generating unit if
and only if the individual asset unable to determine its carrying amount and recoverable amount.
The appropriate way to solve the issue is to search for the cash-generating unit that can be
determined in the individual asset to determine the carrying amount and recoverable amount of the
individual asset. The recoverable amount of cash-generating is higher of its fair value less costs of
disposal and its value in use and same goes for carrying amount of cash generating asset can be
determined through those assets that can be attributed directly, or allocated on a reasonable and
consistent basis.

For impairment test, the goodwill generated from business combination shall be allocated
to cash-generating assets that represent the lowest level within the entity at which the goodwill is
monitored for internal management purposes and not be larger than an operating segment. If an
entity reorganises its reporting structure in a way that changes the composition of one or more
cash-generating units to which goodwill has been allocated, the goodwill shall be reallocated to

Page | 8
the units affected. Goodwill relates to a cash generating unit but has not been allocated to that unit,
the unit shall be tested for impairment, whenever there is an indication that the unit may be
impaired, by comparing the unit’s carrying amount, excluding any goodwill, with its recoverable
amount. The annual impairment testing for the goodwill allocated to cash-generating asset shall
be performed at the same time annually.

Disclosure

The disclosure for the total impairment loss and reversal of impairment loss recognised in
statement of profit or loss and other comprehensive income. Next, the disclosure for the total
impairment loss and reversal of impairment loss on the revalued assets recognised in other
comprehensive income during the period. These impairment loss and reversal of impairment loss
on the asset will be presented with the other information disclosed for the assets.

The event and circumstance for recognition of impairment loss on the assets shall be
disclosed together with the amount. The recoverable amount of the asset and whether the
recoverable amount of the asset is its fair value less costs of disposal or its value in use. If the
recoverable amount of the asset is its fair value less costs of disposal, the level of fair value
hierarchy within which the fair value measurement is used must be disclosed. Otherwise, if the
recoverable amount of asset is its value in use, the discount rate used in previous and current
estimate of value in use must be disclosed.

The amount of unallocated goodwill to a cash-generating asset shall be disclosed in a


business combination. However, the significant in the carrying amount of goodwill and intangible
assets allocated to cash-generating assets compared to the total carrying amount of goodwill and
intangible must be disclosed with the carrying amount of goodwill, intangible asset with its infinite
useful lives and the basis to determine the recoverable amount either its fair value less cost of
disposal or value in use.

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MFRS 9-Financial Instrument

Definition

The standard includes requirements for recognition and measurement in financial assets
and liabilities and some contracts to buy or sell non-financial items, impairment, derecognition
and general hedge accounting. The International Accounting Standards Board (IASB) inherited
IAS 39 from the previous body, the International Accounting Standards Committee.

Many users of financial statements and other parties who have told the IASB that the requirements
in IAS 39 is difficult to understand, apply and interpret. They have urged the IASB to develop a
new standard for financial reporting for financial instruments that are principle-based and less
complex. Although the IASB has amended IAS 39 several times to clarify requirements, add
guidance and eliminate internal contradictions, it did not previously carry out a fundamental
reconsideration of reporting for financial instruments.

MFRS 139- Recognition & measurement

Initial recognition

IAS 39 requires recognition of a financial asset or a financial liability when, and only when,
the entity becomes a party to the contractual provisions of the instrument.

MFRS 139 provides that an entity should derecognize a financial asset or a portion of a
financial asset when,and only when :

- The contractual rights to the cash flows from the financial asset expires; or

- It transfers the financial assets and the transfer qualified for de-recognition.

IAS 39 requires that all financial assets and all financial liabilities be recognised on the
balance sheet. That includes all derivatives. Historically, in many parts of the world, derivatives
have not been recognised on company balance sheets. The argument has been that at the time the
derivative contract was entered, there was no amount of cash or other assets paid. Zero cost
justified non-recognition, notwithstanding that as time passes and the value of the underlying
variable (rate, price, or index) changes, the derivative has a positive (asset) or negative (liability)
value.

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Initial measurement

Financial assets and liabilities should be measured at fair value (including transaction costs,
for assets and liabilities not measured at fair value through profit or loss).

Measurement subsequent to initial recognition

Subsequently, financial assets and liabilities (including derivatives) should be measured at


fair value, with the following exceptions:

Loans and receivables, held-to-maturity investments, and non-derivative financial


liabilities should be measured at amortised cost using the effective interest method. Investments
in equity instruments with no reliable fair value measurement (and derivatives indexed to such
equity instruments) should be measured at cost.

Financial assets and liabilities that are designated as a hedged item or hedging instrument
are subject to measurement under the hedge accounting requirements of the IAS 39. Financial
liabilities that arise when a transfer of a financial asset does not qualify for derecognition, or that
are accounted for using the continuing-involvement method, are subject to particular measurement
requirements.

Fair value is the amount for which an asset could be exchanged, or a liability settled,
between knowledgeable, willing parties in an arm's length transaction.IAS 39 provides a hierarchy
to be used in determining the fair value for a financial instrument.

Amortised cost is calculated using the effective interest method. The effective interest rate
is the rate that exactly discounts estimated future cash payments or receipts through the expected
life of the financial instrument to the net carrying amount of the financial asset or liability.
Financial assets that are not carried at fair value though profit and loss are subject to an impairment
test. If expected life cannot be determined reliably, then the contractual life is used.

MFRS 132-Presentation

The standard of MFRS 132 is to establish principles for presenting financial instruments
as liabilities or equity and it also offsetting financial assets and financial liabilities. It applies to
the classification of financial instruments, from the perspective of the issuer, into financial assets,
financial liabilities and equity instruments. Instruments, or components of instruments, that impose

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on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity
only on liquidation. Reclassification of puttable instruments and instruments that impose on the
entity an obligation to deliver to another party a pro rata share of the net assets of the entity only
on liquidation. No contractual obligation to deliver cash or another financial asset. Settlement in
the entity’s own equity instruments. A contract is not an equity instrument solely because it may
result in the receipt or delivery of the entity’s own equity instruments. An entity may have a
contractual right or obligation to receive or deliver several its own shares or other equity
instruments that varies so that the fair value of the entity’s own equity instruments to be received
or delivered equals the amount of the contractual right or obligation. When a derivative financial
instrument gives one party a choice over how it is settled, it is a financial asset or a financial
liability unless all the settlement alternatives would result in it being an equity instrument. The
issuer of a non-derivative financial instrument shall evaluate the terms of the financial instrument
to determine whether it contains both a liability and an equity component. Such components shall
be classified separately as financial liabilities, financial assets or equity instruments in accordance
with paragraph 15. Treasury shares If an entity reacquires its own equity instruments, those
instruments (‘treasury shares’) shall be deducted from equity. No gain or loss shall be recognized
in profit or loss on the purchase, sale, issue or cancellation of an entity’s own equity instruments.
Such treasury shares may be acquired and held by the entity or by other members of the
consolidated group. Consideration paid or received shall be recognized directly in equity. Interest,
dividends, losses and gains relating to a financial instrument or a component that is a financial
liability shall be recognized as income or expense in profit or loss. Distributions to holders of an
equity instrument shall be recognized by the entity directly in equity. Transaction costs of an equity
transaction shall be accounted for as a deduction from equity. A financial asset and a financial
liability shall be offset and the net amount presented in the statement of financial position when,
and only when, an entity: currently has a legally enforceable right to set off the recognized amounts;
and intends either to settle on a net basis, or to realize the asset and settle the liability
simultaneously. In accounting for a transfer of a financial asset that does not qualify for
derecognition, the entity shall not offset the transferred asset and the associated liability.

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MFRS 7-Disclosure

The objective of this MFRS is to require entities to provide disclosure in their financial
statements that enable users to evaluate(a) the significance of financial instruments for the entity’s
financial position and performance and (b) the nature and extent of risk arising from financial
instrument to which the entity is exposed during the period and at the end of the reporting period
and how the entity managing those risks. The quantitative disclosures provide information about
the extent to which the entity is exposed to risk, based on information provided internally to the
entity’s key management personnel. Together, these disclosures provide an overview of the
entity’s use of financial instruments and the exposures to risks they create. The MFRS applies to
all entities, including entities that have few financial instruments and those that have many
financial instruments. When this IFRS requires disclosures by class of financial instrument, an
entity shall group financial instruments into classes that are appropriate to the nature of the
information disclosed and that take into account the characteristics of those financial instruments.
An entity shall provide sufficient information to permit reconciliation to the line items presented
in the statement of financial position. The principles in this MFRS complement the principles for
recognising, measuring and presenting financial assets and financial liabilities in IAS 32 Financial
Instruments: Presentation and MFRS 9 Financial Instruments.

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4.0 Application of the standard in financial statement of companies

MFRS 136 – 2011

DISCLOSURE C1 C2 C3 C4 C5 C6 C7 C8 C9 C10
REQUIREMENT
 Class of assets

126. Recognition in
profit or loss and
other comprehensive
income
a. Total amount / / x not x x / x / /
of impairment loss (not (not e1 (not (not (note
e 1) e 1) e 1) e 1) 1)
b. Amount of x x x x / / x x x x
impairment loss on (not (note
revalued asset e 1) 1)

c. Total amount of x x x x x x x x x /
reversal of note
impairment loss 2)

d. Amount of reversal x x x x x x x x x x
of impairment loss
on revalued asset

128. Presentation of x x x x x / x x x x
impairment loss (note
including other 2)
information of the
assets

129. Segmen
t
information/repor
ting

a. Recognition of x x x x x x x x x x
impairment loss

b. Recognition of x x x x x x x x x x
reversal of
impairment loss

Page | 14
130. Individ
ual asset & cash-
generating units

a. The incurrence / x x x x x x / (not /


of event and (not (not e 2) (note
circumstance e 2) e 1) 3)

b. The amount of / x x not x x x x / /(note


impairment loss (not e1 (not 4)
e 2) e 2)
c. Individual
asset(goodwill)

i. Nature of asset x x x /not x / x x x x


e2 (note
3)
ii) Segment x x x / / / x x x x
information/reporting not (not (note
e3 e 2) 4)
d. Cash-generating
units

i. A description of x x /(not /not x x x x x /


cash-generating e 1) e3 (note
units 5)

ii. Amount of x x x x x x x x x x
impairment loss
recognised and
reversed by class
of assets

iii. Description of the x x x x x x x x x x


current and former
way of aggregating
assets and reasons
for changing the
way the cash-
generating unit is
identified.

e. Recoverable x x x x / / x x x x
amount and (not (note
whether the e 3) 5)
recoverable
amount is fair
value less cost of

Page | 15
disposal or value in
use.

f,i) The level of fair x x x x / / x x x x


value hierarchy in fair (not (note
value measurement, if e 4) 6)
fair value less cost of
disposal
g. The discount rate x x x x / x x x x x
in estimate, if (not
value in use e 5)

131. Aggreg
ation of
impairment loss
and reversal of
impairment loss

a. The main class x x x x x x x x x x


of asset affect the
impairment loss
and reversal of
impairment loss

b. The event and x x x x x x x x x x


circumstance led to
the recognition of
this aggregation of
impairment loss
and reversal of
impairment loss

133. Amount x x x x x x x x x x
of unallocated
goodwill in
business
combination and
the reason of
unallocated
goodwill

134. The
carrying amount
of goodwill or
intangible assets
allocated to each
cash-generating
unit is significant

Page | 16
in comparison
with the entity’s
total carrying
amount of
goodwill or
intangible assets.

a. Carrying x x x /not x x / x x /
amount of e4 (not (note
goodwill allocated e 3) 6)
to the unit

b. Carrying amount x x x x x x x x x /
of intangible (note
allocated to the 6)
unit

c. The basis of x x x x x x x x x /
determination of (note
the unit’s 7)
recoverable
amount

d. If value in use
used in
recoverable
amount
determination

i. Key assumption on x x x x / x / x x x
which management (not (not
has based the cash e 6) e 4)
flow projection.

ii. A description of x x x x / x x x x x
management’s (not
approach to e 7)
determining the
value(s) assigned
to each key
assumption

iii. The period over x x x x x x x x x


which management
has projected cash
flows and an
explanation of why

Page | 17
if the period over 5
year times

iv. The growth rate x x x x x / x x x x


used in cash flow (note
projection and the 7)
justification for
using any growth
rate that exceeds
the long-term
average growth
rate

v. The discount x x x x x / / x x x
rate(s) applied to (note (not
the cash flow 8) e 4)
projections

e. If fair value less


cost of disposal
used in
recoverable
amount
determination
and not using
quoted price in
determination

i. Key assumption on x x x x x x x x x x
the management
has based the fair
value less cost of
disposal

ii. A description of x x x x x x x x x x
management’s
approach to
determining the
value(s) assigned
to each key
assumption

iiA) The level of fair x x x x / / / x / /


value hierarchy (not (note (not (not (note
e 4) 6) e 5) e 3) 8)
iiB) If there is a x x x x x x x x x x
change in valuation

Page | 18
technique and the
reason
If fair value less costs
of disposal is
measured using
discounted cash flow
projections
iii. The period over x x x x x x x x x x
which management
has projected cash
flows

iv. The growth rate x x x x x x x x x x


used to extrapolate
cash flow
projections

v. The discount x x x x x x x x x x
rate(s) applied to
the cash flow
projections

f. Change in a key
assumption on
which
management has
based its
determination of
the unit’s
recoverable
amount cause the
recoverable
amount exceed
the carrying
amount

i. The recoverable x x x x x x x x x x
amount exceed the
carrying amount

ii. the value assigned x x x x x x x x x x


to the key
assumption

135. Some or all of


the carrying amount
of goodwill or
intangible assets with
Page | 19
indefinite useful lives
is allocated across
multiple cash-
generating units

a. The aggregate x x x x x x x x x x
carrying amount of
goodwill allocated to
those units

b. The aggregate x x x x x x x x x x
carrying amount of
intangible assets
with indefinite
useful lives
allocated to those
units

c. A description of x x x x x x x x x x
the key assumption

d. Description of x x x x x x x x x x
management’s
approach to
determining the
value assigned to
the key assumption

e. if a reasonably
possible change in
the key
assumption(s)
would cause the
aggregate of the
units’ (groups of
units’) carrying
amounts to exceed
the aggregate of
their recoverable
amounts

i. The recoverable x x x x x x x x x x
amount exceed the
carrying amount

Page | 20
ii. the value assigned x x x x x x x x x x
to the key
assumption

Company 1 - Adventa Berhad


Note 1

Page | 21
Note 2

Company 2 - Leader Steel Holdings Berhad


Note 1

Page | 22
Company 3- aluminium company of malaysia berhad
note 1

Company 4- Quality concrete holdings berhad


note 1

Note 2

Page | 23
Note 3

note 4

Page | 24
Company 5 - Johore Tin Berhad
Note 1

Note 2

Page | 25
Note 3

Note 4

Page | 26
Note 5

Note 6

Note 7

Page | 27
Company 6 - Dolomite Corporation Berhad
Note 1

Note 2

Note 3

Note 4

Page | 28
Note 5

Note 6

Note 7

Note 8

Page | 29
Company 7-BP Plastic Holding
Note 1

Page | 30
Note 2

Note 3

Page | 31
Note 4

Note 5

Page | 32
Company 8- Bp Plastic Berhad
Note 1

Page | 33
Company 9 - Daibochi Plastic and Packaging Industry Berhad
Note 1

Page | 34
Note 2

Page | 35
Page | 36
Note 3

Page | 37
Company 10- LB Aluminium Berhad
Note 1

Note 2

Page | 38
Note 3

Note 4

Page | 39
Note 5

Note 6

Page | 40
Note 7

Note 8

Page | 41
MFRS 136 – 2014

DISCLOSURE C1 C2 C3 C4 C5 C6 C7 C8 C9 C10
REQUIREMENT
 Class of assets

126. Recognition in
profit or loss and
other
comprehensive
income
a. Total amount / / / / x / / x x /
of impairment loss (Not (Not note note (not (not (not
e 1) e 1) 1 1 e 1) e 1) e 1)
b) Amount of x x x x x x x x x x
impairment loss on
revalued asset

c) Total amount of x / x note x x / x x /


reversal of (Not 2 (not (not
impairment loss e 1) e 2) e 2)

d) Amount of x x x x x x x x x x
reversal of
impairment loss on
revalued asset

128. Presentation of x x x x x x x x x x
impairment loss
including other
information of the
assets

129. Segment
information/reporti
ng

a. Recognition x x note x x x x x x x
of impairment loss 2

b) Recognition of x x x x x x x x x x
reversal of
impairment loss

130. Individual
asset & cash-
generating units

Page | 42
a. The / / x x x x / / / /
incurrence of event (note (note (not (not (not (not
and circumstance 2) 2) e 3) e 2) e 1) e 3)

b) The amount of / / x x x x / / x /
impairment loss (note (note (not (not (not
2) 2) e 3) e 2) e 3)
c) Individual asset

i) Nature of asset x x x x / / x x x x
(not (not
e 1) e 2)
ii) Segment x x x x / / x x x x
information/reporting (not (not
e 2) e 3)
d) Cash-generating
units

i) A description of x x x note x x x x x /
cash-generating units 3 (not
e 4)
ii) Amount of x x x x x x x x x x
impairment loss
recognised and
reversed by class of
assets

iii) Description of the x x x x x x x x x x


current and former
way of aggregating
assets and reasons
for changing the way
the cash-generating
unit is identified.

e) Recoverable x x x x / / x x x x
amount and whether (not (not
the recoverable e 3) e 4)
amount is fair value
less cost of disposal
or value in use.

f,i) The level of fair x x /not / x x / / / x


value hierarchy in e3 note (not (not (not
fair value 4 e 4) e 3) e 2)
measurement, if fair

Page | 43
value less cost of
disposal
g) The discount rate x x x x / x x x x x
in estimate, if value (not
in use e 4)

131) Aggregation of
impairment loss
and reversal of
impairment loss

a. The main x x x x x x x x x x
class of asset affect
the impairment loss
and reversal of
impairment loss

b) The event and x x x x x x x x x x


circumstance led to
the recognition of
this aggregation of
impairment loss and
reversal of
impairment loss

133) Amount of x x x x x x x x x x
unallocated goodwill
in business
combination and the
reason of unallocated
goodwill

134) The carrying


amount of goodwill
or intangible assets
allocated to each
cash-generating
unit is significant in
comparison with
the entity’s total
carrying amount of
goodwill or
intangible assets.

a. Carrying x x x note x x x x x /
amount of goodwill 5 (not
allocated to the unit e 5)

Page | 44
b) Carrying amount x x x x x x x x x /
of intangible (not
allocated to the unit e 5)

c) The basis of x x x note / / x x x x


determination of the 6 (not (not
unit’s recoverable e 3) e 4)
amount

d) If value in use
used in recoverable
amount
determination

i) Key assumption on x x / / / x x x x x
which management note note (not
has based the cash 4 7 e 5)
flow projection.

ii) A description of x x / x / x x x x x
management’s note (not
approach to 4 e 5)
determining the
value(s) assigned to
each key assumption

iii) The period over x x /not /not x x x x x x


which management e5 e6
has projected cash
flows and an
explanation of why if
the period over 5
year times

iv) The growth rate x x x x x x x x x x


used in cash flow
projection and the
justification for using
any growth rate that
exceeds the long-
term average growth
rate

v) The discount x x note x x / / x x x


rate(s) applied to the 4 (not (not
cash flow projections e 5) e 5)

Page | 45
e) If fair value less
cost of disposal used
in recoverable
amount
determination and
not using quoted
price in
determination

i) Key assumption on x x x x x x x x x x
the management has
based the fair value
less cost of disposal

ii) A description of x x x x x x x x x x
management’s
approach to
determining the
value(s) assigned to
each key assumption

iiA) The level of x x x note x x x x / x


fair value hierarchy 8 (not
e 3)
iiB) If there is a x x x x x x x x x x
change in valuation
technique and the
reason
If fair value less
costs of disposal is
measured using
discounted cash
flow projections
iii) The period over x x x x x x x x x x
which management
has projected cash
flows

iv) The growth rate x x x x x x x x x x


used to extrapolate
cash flow projections

v) The discount x x x x x x x x x x
rate(s) applied to the
cash flow projections

f) Change in a key
assumption on
Page | 46
which management
has based its
determination of
the unit’s
recoverable amount
cause the
recoverable amount
exceed the carrying
amount

i) The recoverable x x /not x x / x x x x


amount exceed the e4 (not
carrying amount e 6)

ii) the value assigned x x /not x x x x x x x


to the key e4
assumption

135) Some or all of


the carrying
amount of goodwill
or intangible assets
with indefinite
useful lives is
allocated across
multiple cash-
generating units

a. The x x x note x / x x x x
aggregate carrying 9 (not
amount of goodwill e 7)
allocated to those
units

b) The aggregate x x x x x x x x x x
carrying amount of
intangible assets with
indefinite useful lives
allocated to those
units

c) A description of x x x x x x x x x x
the key assumption

d) Description of x x x x x x x x x x
management’s
approach to
determining the

Page | 47
value assigned to the
key assumption

e) if a reasonably
possible change in
the key
assumption(s)
would cause the
aggregate of the
units’ (groups of
units’) carrying
amounts to exceed
the aggregate of
their recoverable
amounts

i) The recoverable x x x x x x x x x x
amount exceed the
carrying amount

ii) the value assigned x x x x x x x x x x


to the key
assumption

Company 1 - Adventa Berhad


Note 1

Note 2

Page | 48
Company 2 - Leader Steel Holdings Berhad
Note 1

Page | 49
Note 2

Page | 50
Company 3 - aluminium company of malaysia berhad
note 1

Page | 51
Note 2

Note 3

Note 4

Page | 52
Note 5

company 4 - quality concrete holdings berhad


Note 1

Page | 53
Note 2

Note 3

Page | 54
Note 4

Note 5

Note 6

Page | 55
Note 7

Note 8

Note 9

Page | 56
Company 5 - Johore Tin Berhad
Note 1

Note 2

Note 3

Note 4

Page | 57
Note 5

Company 6 - Dolomite Corporation Berhad


Note 1

Note 2

Page | 58
Note 3

Note 4

Note 5

Note 6

Note 7

Page | 59
Note 2

Note 3

Page | 60
Note 4

Note 5

Note 6

Page | 61
Note 7

Note 8

Note 9

Page | 62
Company 7- One Berhad Company
Note 1

Note 2

Note 3

Page | 63
Note 4

Note 5

Page | 64
Company 8- Bp Plastic Holding
Note 2

Page | 65
Note 3

Company 9- Daibochi Plastic and Packaging Industry Berhad


Note 1

Page | 66
Note 2

Note 3

Page | 67
Company 10- LB Aluminium Berhad
Note 1

Note 2

Page | 68
Note 3

Note 4

Note 5

Page | 69
MFRS 7- 2011

DISCLOSURE C1 C2 C3 C4 C5 C6 C7 C8 C9 C10
REQUIREMENT
Para 8-Statement of financial position

1.Categories of financial
assets & liabilities
Carrying amount
financial asset
a) Financial asset through x x / x x x x x x /
profit or loss (note (not
1) e 1)
b) Held to maturity / x x x x x / x x x
investment note (note
1) 1)
c)Loans and receivable x / x / / / / / (note /
(not (note (note (note (note (not 1) (not
e 1) 1) 1) 1) 2) e e 1)
13)
d)Available for sale x / x x / x / x x x
(not (note (note
e 1) 2) 3)
Carrying amount
financial liabilities
e) Financial liabilities x x x / x x x x / /
through profit or loss (note (note (not
1) 2) e 1)
f) Financial liability / / x x x x / x / /
measured at amortised (not (not (note (note (not
cost e 1) e 1) 2) 3) e 1)
2. Financial assets or
liabilities at FVTPL
If Company has
designated loan and
receivable
Para.9 x x / x x x / / / /
a) Maximum exposure to (note (note (not (note (not
credit risk of the loan and 2) 5) e 2) 4) e 2)
receivable
b) The amount by which x x x x x x / x x x
any related credit (note
derivatives or similar 4)
instrument mitigate that
maximum exposure to
credit risk

Page | 70
c(i)The amount of change x x x x x x x x x x
in the fair value of the
loan or receivable to
changes in the credit risk
of the fianncial asset
determined
c(ii)Using an alternative x x x x x x x x x x
method represent the
amount of change in its
fair value that is
attributable to changes in
the credit risk of asset
d)Amount of the change x x x x x x x x x x
in the fair value of any
related credit derivatives
or similar instruments
that has occured during
the period and
cumulatively since the
loan or receivable
If company has loan or
receivable at FVTPL
financial liability
Para.10 x x x x x x x x x x
a) Amount of change in
the fair value of the
financial liability that is
attributable to changes in
the credit risk
b) The difference x x x x x x x x / x
between the financial (note
liability’s carrying 5)
amount and the amount
the entity would be
contractually required to
pay at maturity to holder
of the obligation
3. Reclassification
Para.12, disclose the x x x x x x x x x x
amount that is reclassified
into category and
the reason of reclassified
a)At cost or amortised
cost,rather than at fv
b)At fair value , rather x x x x x x x x x x
than at cost or amortised

Page | 71
4. Offsetting
financial asset and
financial
Liabilities
Para.13C x / / x x x / / / /
a)Recognised the gross (not (note (note (not (note (not
amount on financial asset e 2) 3) 6) e 3) 6) e 1)
and financial liabilities
b)The amounts that are x x x x x x x x x x
set off in accordance with
the criteria in paragraph
42 of MFRS 132 when
determining the net
amount presented in
statement of financial
position
c)The net amount x x / note x x x x x x x
presented in the statement 4
of financial position
5. Collateral
x x x x x x x x x x
Para.14
a)The carrying amount of
financial asset it has
pledge as collateral for
liabilities or contingent
liabilities
b)The terms and x x x x x x x x x x
conditions relating to its
pledge
6. Allowance account
for credit losses

Para 16 x x x x x x x x x x
a)Reconciliation of
changes in separated
account when impaired
during the period of each
class of financial asset
7.Compound financial
instrument with
multiple embedded
derivatives

Page | 72
Para .17 x x x x x x x x x x
a) The existence of issued
instrument that
contains liability and
equity component and
multiple embedded
derivatives whose value
are interdependent.

8. Defaults and breaches


Para.18 x x x x x x x x x x
a) Any defaults during the
period of principal,
interest,sinking,fund or
redemption terms of loan
payable
b)The carrying amount of x x x x x x x x x x
the loans payable in
default
c)The default was x x x x x x x x x x
remedied or the terms of
the loan payable were
renegotiated
 Statement of comprehensive income

1.Item of income,
expense, gains or losses
Para.20 x / x x / x / x x x
a)Net gain or losses on (not (note (note
financial instruments e 3) 3) 7)
b)Total interest income / / x x x / x / / /
and total interest expense (not (not (note (not (note (not
for financial assets and e 2) e 4) 2) e 7) e 3)
financial liability that not 14)
FVTPL
c)Fee income and x x x x x x x x x x
expense
d)Interest income on x x x x x x x x x x
impaired financial asset
accrued
e)Amount of impairment /(no x / x x x x x /
loss for each financial te 3) (note (not
asset 2) e 4)

Page | 73
 Other disclosures

1.Accounting policies
Para.21 / / / / / / / / / /
a)Summary of accounting (not (Not (note (note (note (note (note (not (note (not
policies,measurement e 4) e 5) 5) 3) 4) 3) 8) e 4) 8) e 5)
basis used in preparing
financial statement and
the other accounting
policies used that are
relevant to an
understanding of the
financial statements.
2.Hedge accounting
Para.22 x x x x x x x x x x
a) Description of each
type of hedge
b) Description of / x x x x x x / x /
financial instruments (Not (not (not
designated as hedging e 5) e 5) e 6)
instrument and fv
c)The nature of the risks / x x x x x x x x /
being hedged (Not (not
e 5) e 7)
3.Fair value
Para.28 x x x x x x x x x x
a) Accounting policy
used when recognising
differences the fair value
at initial recognition and
transaction price
b) Aggregate differences x x x x x x x x x x
recognition profit or loss
c)Why the entity x x x x x x x x x x
concluded that the
transaction price was not
the best evidence of fair
value,including a
description of the
evidence that supports the
fair value

 Risk arising from financial instrument

Qualitative disclosures

Page | 74
Para .33 / / / / / / / / / /
a)The exposure to risk (not (not (note (note (note (note (note (not (note (not
and how they arise e 7) e 6) 4) 5) 4) 9) e 9) e8)
6) 15)

b)Objectives, policies and / / / / / / / / / /


processes for managing (not (not (note (note (note note (note (not (note (not
the risk and the methods e e 7) 7) 6) 6) 5) 10) e 6) 10) e 9)
used to measure the risk 8)
Quantitative disclosure
Para .34 / / /(not / / / / / / /
a)Summary quantitative (not (not e 7) (note (note (note (note (not (note (not
data about its exposure to e 6) e 8) 5) 7) 6) 11) e 7) 11) e
that risk at the end of 10)
reporting period
1. Credit risk
Para.36 / /(no / /( not / / / / / /
a)The amount that best (not te 9) (note e 5) (note (note (note (not (note (not
represents its maximum e 9) 8) 8) 7) 12) e 8) 17) e
exposure to credit risk 11)
b)Description of x x x X x x x x x x
collateral held as security
and other credit
c)Information about the / x x X x x x / / /
credit quality of financial (not (not (note (not
assets that are neither past e e 9) 12) e
due nor impaired 10) 12)
2. Liquidity risk
Para.39 / / / / / / / x / /
a)Maturity analysis for (not (not (note (note (note (note (note (note (not
non-derivative financial e e 9) 6) 9) 8) 13) 13) e
liabilities 11) 10) 13)
b)Maturity analysis for x x x X x x / x / /
derivative financial (note (note (not
liabilities 13) 13) e
13)
c)Description of how it / / x /(not x x x / / /
manages the liquidity risk (not (not e 7) (not ( not (not
e e e e 14) e
12) 11) 10) 14)
3. Market risk
Para.40 / / x /(not / / / / / /
a)Sensitivity analysis for (Not (not e 8) (note (note (note (not (note (not
each type of market risk e e 10) 9) 14) e 15) e
13) 12) 11) 15)

Page | 75
b)Methods and / / x /(not x x / / / /
assumptions used in (Not (not e 8) (note (not (note (not
preparing the sensitivity e e 14) e 16) e
analysis 14) 13) 12) 16)
c)Changes from previous x x x X x x x x x x
period in the methods and
assumptions used, and
reasons for such changes
 Transfer of financial assets

1.Transferred financial
assets that are not
derecognised
Para.42D x x x X x x x x x x
a)The nature of the
transferred assets
b)The nature of the risk x x x X x x x x x x
and rewards of ownership
to which is exposed
c)Description of the x x x x x x x x
nature of the relationship
between the transferred
assets and the associated
liabilities
d)When the entity x x x X x x x x x x
continues to recognise all
of the transferred assets
and the associated
liabilities
e)When its continues to x x x X x x x x x x
recognise the assets to the
extent of its continuing
involvement
2.Transferred financial
assets that are
derecognised
Para.42E x x x X x x x x x x
a)Carrying amount of the
asset & liability that
recognised in statement
of financial position and
continuing involvement
in the derecognised
financial assets
b)Fair value of the assets x x x X x x x x x x
and liabilities

Page | 76
c)Amount that best x x x X x x x x x x
represents the entity’s
maximum exposure to
loss from its continuing
involvement in the
derecognised financial
assets, information
showing how the
maximum exposure to
loss is determined
d)Undiscounted cash x x x X x x x x x x
outflows
e)Maturity analysis of the x x x X x x x x x x
undiscounted cash
outflows

Company 1 - Adventa Company


Note 1

Page | 77
Note 2

Note 3

Note 4

Page | 78
Note 5

Note 6

Page | 79
Note 7

Note 8

Page | 80
Note 9

Note 10

Page | 81
Note 11

Note 12

Page | 82
Note 13

Note 14

Page | 83
Company 2 - Leader Steel Holdings Berhad
Note 1

Page | 84
Note 2

Page | 85
Note 3

Note 4

Page | 86
Note 5

Page | 87
Page | 88
Page | 89
Note 6

Page | 90
Note 7

Page | 91
Note 8

Page | 92
Note 9

Page | 93
Note 10

Note 11

Page | 94
Note 12

Page | 95
Note 13

Company 3 - Aluminium Company of Malaysia Berhad


note 1

note 2

Page | 96
note 3

note 4

Page | 97
note 5

note 6

Page | 98
note 7

note 8

Page | 99
note 9

company 4- quality concrete holdings berhad


Note 1

Page | 100
Note 2

Note 3

Page | 101
Note 4

Note 5

Page | 102
Note 6

Note 7

Note 8

Page | 103
Company 5 - Johore Tin Berhad
Note 1

Page | 104
Note 2

Note 3

Page | 105
Note 4

Note 5

Page | 106
Note 6

Page | 107
Note 7

Note 8

Page | 108
Note 9

Page | 109
Note 10

Page | 110
Company 6 - Dolmite Corporation Berhad
Note 1

Note 2

Page | 111
Note 3

Note 4

Page | 112
Note 5

Note 6

Page | 113
Note 7

Note 8

Page | 114
Note 9

Company 7- CanOne Berhad


Note 1

Page | 115
Note 2

Page | 116
Note 3

Note 4

Page | 117
Note 5

Note 6

Page | 118
Note 7

Note 8

Page | 119
Note 9

Note 10

Note 11

Page | 120
Page | 121
Note 12

Note 13

Page | 122
Note 14

Page | 123
Company 8- BP Plastic Sdn Bhd
Note 2

Note 3

Note 4

Page | 124
Note 5

Note 6

Page | 125
Note 7

Page | 126
Note 8

Note 9

Note 10

Page | 127
Note 11

Note 12

Page | 128
Note 13

Page | 129
Note 14

Note 15

Page | 130
Company 9- Daibochi Plastic and Packaging Industry Berhad
Note 1

Note 2

Page | 131
Note 3

Note 4

Page | 132
Note 5

Page | 133
Note 6

Page | 134
Note 7

Page | 135
Note 8

Page | 136
Note 9

Page | 137
Page | 138
Note 10

Note 11

Page | 139
Page | 140
Page | 141
Note 12

Note 13

Page | 142
Page | 143
Note 14

Note 15

Page | 144
Note 16

Note 17

Page | 145
Page | 146
Company 10- LB Aluminium Berhad
Note 1

Note 2

Page | 147
Note 3

Note 4

Note 5

Page | 148
Note 6

Note 7

Page | 149
Note 8

Page | 150
Note 9

Page | 151
Note 10

Page | 152
Note 11

Page | 153
Note 12

Note 13

Page | 154
Note 14

Note 15

Note 16

Page | 155
MFRS 7- 2014

DISCLOSURE C1 C2 C3 C4 C5 C6 C7 C8 C9 C10
REQUIREMENT
Para 8-Statement of financial position
1.Categories of
financial assets &
liabilities
Carrying amount
financial asset
a)Financial asset x x /note x x x x x x /
through profit or 1 (note
loss 1)
b)Held to maturity x x x x x x / x x x
investment (note
1)
c)Loans and / / /note /note / / / / / /
receivable (note (note 2 1 (note (note (note (note (note1 (note
1) 1) 1) 1) 2) 1) ) 1)
d)Available for sale x / x x / x x / x x
(note (note (note
2) 2) 2)
Carrying amount
financial liabilities
e)Financial x x / x x x / x / note x
liabilities through note (note 2)
profit or loss 3 3)
f)Financial liability / / /note / x x / / / (note /
measured at (note (note 3 note (note (note3 3) (note
amortised cost 2) 3) 2 4) ) 1)
2. Financial assets
or liabilities at
FVTPL
If Company has
designated loan
and receivable
Para.9 x x x x x x / x / (note /
a)Maximum (note 4) (note
exposure to credit 5) 2)
risk of the loan and
receivable
b)The amount by x x x x x x / x / /
which any related (note (note (note
credit derivatives or 6) 5) 2)

Page | 156
similar instrument
mitigate that
maximum exposure
to credit risk
c(i)The amount of x x x x x x x x x x
change in the fair
value of the loan or
receivable to
changes in the
credit risk of the
financial asset
determined
c(ii)Using an x x x x x x x x x x
alternative method
represent the
amount of change
in its fair value that
is attributable to
changes in the
credit risk of asset
d)Amount of the x x x x x x x x x x
change in the fair
value of any related
credit derivatives or
similar instruments
that has occurred
during the period
and cumulatively
since the loan or
receivable
If company has x x x x
loan and
receivable at
FVTPL financial
liability
Para.10 x x x x x x x x x x
a)Amount of
change in the fair
value of the
financial liability
that is attributable
to changes in the
credit risk
b)The difference x x x x x x x x x x
between the
financial liability’s

Page | 157
carrying amount
and the amount the
entity would be
contractually
required to pay at
maturity to holder
of the obligation
3. Reclassification
Para.12,disclose the x x x x x x x x x x
amount that is
reclassified
into category and
the reason of
reclassified
a)At cost or
amortised
cost,rather than at
fv
b)At fair value , x x x x x x x x x x
rather than at cost
or amortised
4. Offsetting
financial asset and
financial
liabilities
Para.13C x x / x x x x x x x
a)Recognised the note
gross amount on 4
financial asset and
financial liabilities
b)Determining the x x / x x x x x x x
net amount note
presented in 5
statement of
financial
position(criteria in
paragraph 42 of
mfrs 132)
c)The net amount x x x x x x x x x x
presented in the
statement of
financial position
5. Collateral
x x x x x x x x x x
Para.14

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a)The carrying
amount of financial
asset it has pledge
as collateral for
liabilities or
contingent
liabilities
b)The terms and x x x x x x x x x x
conditions relating
to its pledge
6. Allowance
account for credit
losses

Para 16 / / x / / x / / x /
a)Reconciliation of (Note (Note note (note (note (note (note
changes in 3) 4) 3 3) 7) 4) 3)
separated account
when impaired
during the period of
each class of
financial asset
7. Compound
financial
instrument with
multiple
embedded
derivatives
Para .17 x x x x x x x x x x
a)The existence of
issued
instrument that
contains liability
and equity
component and
multiple embedded
derivatives whose
value are
interdependent.

8. Defaults and
breaches
Para.18 x x x x x x x x x x
a)Any defaults
during the period of
principal,

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interest,sinking,fun
d or redemption
terms of loan
payable
b)The carrying x x x x x x x x x x
amount amount of
the loans payable in
default
c)The default was x x x x x x x x x x
remedied or the
terms of the loan
payable were
renegotiated
 Statement of comprehensive income
1.Item of income,
expense,gains or
losses
Para.20 / x / / x x / / x x
a)Net gain or losses (note note note (note (note
on financial 4) 6 4 7) 5)
instruments
b)Total interest / / x / x x / x / /
income and total (note (note note (note (note (note
interest expense for 5) 5) 4 8) 6) 4)
financial assets and
financial liability
that not FVTPL
c)Fee income and x x x x x x x x x
expense
d)Interest income x x x x x x x x x x
on impaired
financial asset
accrued
e)Amount of / / x x x x / x /
impairment loss for (note (note (note (note
each financial asset 6) 6) 6) 5)
 Other disclosures
1.Accounting
policies
Para.21 / / / / / / / / / (note /
a)Summary of (note (note note note (note (note (note (note 7) (note
accounting 7) 7) 7 5 4) 2) 9) 7) 6)
policies,measureme
nt basis used in
preparing financial
statement and the

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other accounting
policies used that
are relevant to an
understanding of
the financial
statements
2.Hedge
accounting
Para.22 x x x x x x x x x x
a)Description of
each type of hedge
b)Description of x x x x x x x x x x
financial
instruments
designated as
hedging instrument
and fv
c)The nature of the x x x x x x x x x x
risks being hedged
2.Fair value
Para.28 x x / x x x / x x x
a)Accounting note (note
policy used when 8 10)
recognising
differences the fair
value at initial
recognition and
transaction price
b)Aggregate x x x x x x x x x x
differences
recognition profit
or loss
c)Why the entity x x x x x x x x x x
concluded that the
transaction price
was not the best
evidence of fair
value,including a
description of the
evidence that
supports the fair
value
 Risk arising from financial instrument
Qualitative
disclosures

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Para. 33 / / / / / / / / / /
a)The exposure to (note (note note note (note (note (note (note (note (note
risk and how they 8) 8) 9 6 5) 3) 11) 8) 8) 7))
arise
b)Objectives,polici / / / / / / / / / (note /
es and processes (note (note note note (note (note (note (note 9) (note
for managing the 9) 9) 10 7 6) 4) 12) 9) 8)
risk and the
methods used to
measure the risk
Quantitative
disclosure
Para .34 / / / / / / / / / (note /
a)Summary (note (note note note (note (note (note (note 10) (note
quantitative data 10) 10) 11 8 7) 5) 13) 10) 9)
about its exposure
to that risk at the
end of reporting
period
1. Credit risk
Para.36 / / x /note / / / x / /
a)The amount that (note (note 9 (note (note (note (note (note
best represents its 11) 10) 8) 6) 14) 11) 10)
maximum exposure
to credit risk
b)Description of x x x x x x x x x x
collateral held as
security and other
credit
c)Information / / / / / / x / / (note /
about the credit (note (note note note (note (note (note 12) (note
quality of financial 12) 11) 12 10 9) 7) 11) 11)
assets that are
neither past due nor
impaired
2. Liquidity risk
Para .39 / / / x / / / x / (note /
a)Maturity analysis (note (note note (note (note (note 13) (note
for non-derivative 13) 12) 13 10) 8) 15) 12)
financial liabilities
b)Maturity analysis x x x x x x x x / (note /
for derivative 13) (note
financial liabilities 12)
c)Description of / / / /note / / / / / (note /
how it manages the (note (note note 11 (note (note (note (note 14) (note
liquidity risk 14) 13) 14 11) 9) 16) 12) 13)

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3. Market risk
Para.40 / / / / / / / / / (note /
a)Sensitivity (note (note note note (note (note (note (note 15) (note
analysis for each 15) 14) 15 12 12) 10) 17) 13) 14)
type of market risk
b)Methods and x x x x x x x x x x
assumptions used
in preparing the
sensitivity analysis
c)Changes from x x x x x x x x x` x
previous period in
the methods and
assumptions used,
and reasons for
such changes
 Transfer of financial assets
1.Transferred
financial assets
that are not
derecognised
Para.42D x x x x x x x x x x
a)The nature of the
transferred assets
b)The nature of the x x x x x x x x x x
risk and rewards of
ownership to which
is exposed
c)Description of the x x x x x x x x x x
nature of the
relationship
between the
transferred assets
and the associated
liabilities
d)When the entity x x x x x x x x x x
continues to
recognise all of the
transferred assets
and the associated
liabilities
e)When its x x x x x x x x x x
continues to
recognise the assets
to the extent of its
continuing
involvement

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2.Transferred
financial assets
that are
derecognised
Para.42E x x x x x x x x x x
a)Carrying amount
of the asset&
liability that
recognised in
statement of
financial position
and continuing
involvement in the
derecognised
financial assets
b)Fair value of the x x x x x x x x x x
assets and liabilities
c)Amount that best x x x x x x x x x x
represents the
entity’s maximum
exposure to loss
from its continuing
involvement in the
derecognised
financial assets,
information
showing how the
maximum exposure
to loss is
determined
d)Undiscounted x x x x x x x x x x
cash outflows
e)Maturity analysis x x x x x x x x x x
of the undiscounted
cash outflows

Page | 164
Company 1 - Adventa Berhad
Note 1

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Note 2

Note 3

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Note 4

Note 5

Note 6

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Note 7

Note 8

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Note 9

Note 10

Note 11

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Note 12

Note 13

Note 14

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Note 15

Company 2 - Leader Steel Holdings Berhad


Note 1

Note 2

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Note 3

Note 4

Note 5

Note 6

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Note 7

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Note 8

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Note 9

Note 10

Note 11

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Note 12

Note 13

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Note 14

Company 3 - Aluminium Company of Malaysia Berhad


Note 1

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Note 2

Note 3

Note 4

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Note 5

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Note 6

Note7

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Note 8

Note 9

Note 10

Note 11

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Note 12

Note 13

Note 14

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Note 15

Company 4- Quality Concrete Holding Berhad


Note 1

Note 2

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Note 3

Note 4

Note 5

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Note 6

Note 7

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Note 8

Note 9

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Note 10

Note 11

Note 12

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Company 5 - Johore Tin Berhad
Note 1

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Note 2

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Note 3

Note 4

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Note 5

Note 6

Note 7

Note 8

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Note 9

Note 10

Note 11

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Note 12

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Company 6 - Dolmite Corporation Berhad
Note 1

Note 2

Note 3

Note 4

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Note 5

Note 6

Note 7

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Note 8

Note 9

Page | 197
Note 10

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Company 7- Can One Berhad
Note 1

Note 2

Note 3

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Note 4

Note 5

Note 6

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Note 7

Note 8

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Note 9

Note 10

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Note 11

Note 12

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Note 13

Note 14

Note 15

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Note 16

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Note 17

Page | 206
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Company 8- Bp Plastic Holdings Bhd

Note 1

Note 2

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Note 3

Note 4

Page | 209
Note 5

Note 6

Note 7

Page | 210
Page | 211
Note 8

Page | 212
Note 9

Note 10

Page | 213
Note 11

Note 12

Note 13

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Company 9- Daibochi Plastic and Packaging Industry Berhad
Note 1

Note 2

Note 3

Page | 215
Note 4

Note 5

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Note 6

Note 7

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Note 8

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Note 9

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Note 10

Note 11

Page | 220
Note 12

Page | 221
Note 13

Note 14

Page | 222
Note 15

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Company 10- LB Aluminium Berhad
Note 1

Note 2

Note 3

Page | 224
Note 4

Note 5

Note 6

Note 7

Page | 225
Note 8

Page | 226
Note 9

Page | 227
Note 10

Note 11

Page | 228
Note 12

Note 13

Page | 229
Note 14

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code Company
C1 Adventa Berhad
C2 Leader Steel Holdings Berhad
C3 Aluminium Company of Malaysia Berhad
C4 Quality Concrete Holdings Berhad
C5 Johore Tin Berhad
C6 Dolomite Corporation Berhad
C7 Can One Berhad
C8 Bp Plastics Holdings Bhd
C9 Daibochi Plastic & Packaging Inds Bhd
C10 Lb Aluminium Berhad

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5.0 Discussion

1. Comparison of company between year 2011 and 2014 for both MFRS 136 and MFRS 7

Company 1 - Adventa Berhad

In comparison between year 2011 and 2014, Adventa Berhad disclosed about 3 out of 43
disclosures in annual report compared to year 2014, identically disclosed about 3 out of 43
disclosures in annual report for MFRS 136 which is impairment of asset.

Adventa Berhad has disclosed para 126 a) which is total amount of impairment loss
recognized in statement of profit or loss and other comprehensive income but it did not disclose
para 126 b), para 126 c) and para 126 d) in year 2011 and 2014. Adventa Berhad has disclosed
para 130 a) and para 130 b) in year 2011 and 2014 which is the incurrence of event and
circumstance and the amount of impairment loss of individual asset and cash generating units.

While for MFRS 7 the disclosure of financial instrument, Adventa Berhad disclosed about
16 out of 60 disclosures in annual report in year 2011 compared to year 2014 in which 15 out of
60 disclosures in annual report had been disclosed.

Adventa Berhad has disclosed para 8 b) in year 2011 only which is the carrying amount
financial asset of held to maturity investment in statement of financial position and also para 8 c)
in year 2014 only which is the carrying amount financial asset of loans and receivable in statement
of financial position. Meanwhile, in year 2011 and year 2014, Adventa Berhad has disclosed para
8 f) which is carrying amount financial liabilities of financial liability measured at amortised cost.

Adventa Berhad has disclosed para 20 a) which is net gain or losses on financial instrument
in statement of comprehensive income in year 2014 only. Adventa Berhad has disclosed para 20
b) which is total interest income and total interest expense for financial assets and financial liability
that not FVTPL in statement of comprehensive income and para 20 e) which is amount of
impairment loss for each financial asset in statement of comprehensive income in both year 2011
and 2014.

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Adventa Berhad has disclosed para 21 which is summary of accounting policies,
measurement basis used in preparing financial statement and the other accounting policies used
that are relevant to an understanding of financial statements in both year 2011 and 2014. While
Adventa Berhad has disclosed para 22 b) and para 22 c) of description of financial instruments
designated as hedging instrument and fair value and the nature of the risks being hedged for hedge
accounting in year 2011 only.

Adventa Berhad has disclosed para 33 a) and para 33 b) which is the exposure to risk and
how they arise and objectives, policies and processes for managing the risk and the methods used
to measure the risk for qualitative disclosure in both year 2011 and 2014. Besides, Adventa Berhad
has disclosed para 34 which is summary quantitative data about its exposure to that risk at the end
of reporting period for quantitative disclosure in both year 2011 and year 2014.

Adventa Berhad has disclosed para 36 a) and para 36 c) for credit risk which is the amount
that best represent its maximum exposure to credit risk and information about the credit quality of
financial assets that are neither past due nor impaired for both year 2011 and year 2014. Next,
Adventa Berhad has disclosed para 39 a) and para 39 c) for liquidity risk which is maturity analysis
for non-derivative financial liabilities and description of how it manages the liquidity risk for both
year 2011 and 2014. Adventa Berhad has disclosed para 40 a) for market risk which is sensitivity
analysis for each type of market risk for both year 2011 and 2014, and para 40 b) which is methods
and assumptions used in preparing the sensitivity analysis for year 2011 only.

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Company 2 - Leader Steel Holdings Berhad

In year 2011, Leader Steel Holdings Berhad disclosed about 1 out of 43 disclosures in
annual report compared to year 2014 in which 4 out of 43 disclosures had been disclosed in annual
report for MFRS 136 the disclosure of financial instrument.

Leader Steel Holdings Berhad has disclosed para 126 a) which is the total amount of
impairment loss recognised in statement of profit or loss and other comprehensive income in both
year 2011 and 2014 and para 126 c) which is the total amount of reversal of impairment loss
recognised in statement of profit or loss and other comprehensive income in year 2014 only.

Leader Steel Holdings Berhad has disclosed para 130 a) and para 130 b) which is the
incurrence of event and circumstance and the amount of impairment loss for individual asset and
cash-generating units for year 2014 only.

While for MFRS 7 the disclosure of financial instrument, Leader Steel Holdings Berhad
disclosed about 15 out of 60 disclosures in annual report in year 2011 compared to year 2014 in
which identically 15 out of 60 disclosures had been disclosed in annual report.

Leader Steel Holdings Berhad has disclosed para 8 c) and para 8 d) which is the carrying
amount financial asset of loans and receivable and available for sale in statement of financial
position in both year 2011 and 2014. And Leader Steel Holdings Berhad has also disclosed para 8
f) which is the carrying amount financial liability of financial liability measured at amortised cost
in both year 2011 and 2014.

Leader Steel Holdings Berhad has disclosed para 13C a) which is recognised the gross
amount on financial asset and financial liabilities for offsetting financial asset and financial
liabilities in year 2011 only. Leader Steel Holdings Berhad has also disclosed para 16 a) which is
reconciliation of changes in separated account when impaired during the period of each class of
financial asset for allowance account for credit losses in year 2014 only.

Leader Steel Holdings Berhad has disclosed para 20 a) which is net gain or losses on
financial instruments in statement of comprehensive income in year 2014 only and para 20 e)
which is amount of impairment loss for each financial asset in statement of comprehensive income
in year 2011 only. Meanwhile, Leader Steel Holdings Berhad has disclosed para 20 b) which is

Page | 234
Total interest income and total interest expense for financial assets and financial liability that not
FVTPL in statement of comprehensive income in both year 2011 and 2014.

Leader Steel Holdings Berhad has disclosed para 21 a) which is Summary of accounting
policies, measurement basis used in preparing financial statement and the other accounting policies
used that are relevant to an understanding of the financial statements for accounting policies in
both year 2011 and 2014.

Leader Steel Holdings Berhad has disclosed para 33 a) and para 33 b) which is the exposure
to risk and how they arise and objectives, policies and processes for managing the risk and the
methods used to measure the risk for qualitative disclosure in both year 2011 and 2014. Besides,
Leader Steel Holdings Berhad has disclosed para 34 which is summary quantitative data about its
exposure to that risk at the end of reporting period for quantitative disclosure in both year 2011
and year 2014.

Leader Steel Holdings Berhad has disclosed para 36 a) for credit risk which is the amount
that best represent its maximum exposure to credit risk for both year 2011 and year 2014. Leader
Steel Holdings Berhad has also disclosed para 36 c) for credit risk which is information about the
credit quality of financial assets that are neither past due nor impaired in year 2014 only. Next,
Leader Steel Holdings Berhad has disclosed para 39 a) and para 39 c) for liquidity risk which is
maturity analysis for non-derivative financial liabilities and description of how it manages the
liquidity risk for both year 2011 and 2014. Leader Steel Holdings Berhad has disclosed para 40 a)
for market risk which is sensitivity analysis for each type of market risk for both year 2011 and
2014, and para 40 b) which is methods and assumptions used in preparing the sensitivity analysis
for year 2011 only.

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Company 3- ALUMINIUM COMPANY OF MALAYSIA BERHAD

For MFRS 136, In year 2011, aluminium company disclosed about 1 out of 43 disclosures
in annual report which is only a description of cash-generating units compared to year 2014,
identically disclosed about 5 out of 43 disclosures in annual report which are impairment
loss,Individual asset & cash-generating units ( impairment loss), goodwill (nature of
asset),goodwill (segment of reporting),and a description of cash-generating units.

While for MFRS 7, in year 2011, aluminium company disclosed about 9 out of 60
disclosures in annual report which are Financial asset through profit or loss,maximum exposure to
credit risk of the loan and receivable, gross amount on financial asset and financial liabilities,the
net amount presented in the statement of financial position, Summary of accounting
policies,measurement basis used in preparing financial statement and the other accounting policies
used that are relevant, The exposure to risk and how they arise,Objectives, policies and processes
for managing the risk and the methods used to measure the risk, The amount that best represents
its maximum exposure to credit risk, Summary quantitative data about its exposure to that risk at
the end of reporting period, compared to year 2014,aluminium company disclosed 15 out of 60
disclosures in annual report which are Financial asset through profit or loss, Loans and
receivable( financial asset), Financial liabilities through profit or loss, Financial liability measured
at amortised cost, Recognised the gross amount on financial asset and financial liabilities,
Determining the net amount presented in statement of financial position(criteria in paragraph 42
of mfrs 132), Net gain or losses on financial instruments, Summary of accounting

Page | 236
policies,measurement basis used in preparing financial statement and the other accounting policies
used that are relevant to understanding of the financial statements, Accounting policy used when
recognising differences the fair value at initial recognition and transaction price(fair value), The
exposure to risk and how they arise, objectives,policies and processes for managing the risk and
the methods used to measure the risk, Summary quantitative data about its exposure to that risk at
the end of reporting period, Information about the credit quality of financial assets that are neither
past due nor impaired, Maturity analysis for non-derivative financial liabilities(liquidity risk),
Description of how it manages the liquidity risk, Sensitivity analysis for each type of market risk.

Page | 237
Company 4- QUALITY CONCRETE HOLDINGS BERHAD

For MFRS 136,In year 2011, Quality concrete disclosed about 7 out of 43 disclosures in
annual report which are Total amount of impairment loss, The amount of impairment loss
(Individual asset & cash-generating units),Nature of asset(goodwill), Segment
information/reporting, Recoverable amount and whether the recoverable amount is fair value less
cost of disposal or value in use and The level of fair value hierarchy in fair value measurement, if
fair value less cost of disposal identically disclosed compared to year 2014, about 9 out of 43
disclosures in annual report which are Total amount of impairment loss, Total amount of reversal
of impairment loss, A description of cash-generating units, The level of fair value hierarchy in fair
value measurement, if fair value less cost of disposal, Carrying amount of goodwill allocated to
the unit, The basis of determination of the unit’s recoverable amount, Key assumption on which
management has based the cash flow projection, The period over which management has projected
cash flows and an explanation of why if the period over 5 year times, The level of fair value
hierarchy, The aggregate carrying amount of goodwill allocated to those units.

While for MFRS 7,in year 2011,Quality concrete disclosed about 8 out of 60 disclosures
in annual report which are Loans and receivable(financial asset), Financial liabilities through profit
or loss, Amount of impairment loss for each financial asset, Summary of accounting
policies,measurement basis used in preparing financial statement and the other accounting policies
used that are relevant to an understanding of the financial statements, The exposure to risk and
how they arise, Objectives, policies and processes for managing the risk and the methods used to
measure the risk, Summary quantitative data about its exposure to that risk at the end of reporting
period, The amount that best represents its maximum exposure to credit risk, Maturity analysis for
non-derivative financial liabilities (liquidity risk), Description of how it manages the liquidity risk,
Sensitivity analysis for each type of market risk, Methods and assumptions used in preparing the
sensitivity analysis, compared to year 2014, Quality concrete disclosed 12 out of 60 disclosures in
annual report which are Loans and receivable(financial asset), Financial liability measured at
amortised cost, Reconciliation of changes in separated account when impaired during the period
of each class of financial asset, Net gain or losses on financial instruments, Total interest income
and total interest expense for financial assets and financial liability that not FVTPL, Summary of
accounting policies, measurement basis used in preparing financial statement and the other

Page | 238
accounting policies used that are relevant to an understanding of the financial statements, The
exposure to risk and how they arise, Objectives, policies and processes for managing the risk and
the methods used to measure the risk, Summary quantitative data about its exposure to that risk at
the end of reporting period, The amount that best represents its maximum exposure to credit risk,
Information about the credit quality of financial assets that are neither past due nor impaired,
Description of how it manages the liquidity risk, Sensitivity analysis for each type of market risk.

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Company 5 – Johore Tin Berhad

In comparison between year 2011 and 2014 for MFRS 136, Johore Tin Berhad has
disclosed 4 disclosures in year 2011 and 6 disclosures in year 2014 out of 43 total disclosures in
annual report.

Johore Tin Berhad disclosed para 126 b) which is total amount of reversal of impairment
loss recognition in statement of profit or loss and other comprehensive income in year 2011 only.
Johore Tin Berhad disclosed para 130 c) i) which is the nature of asset for individual asset in year
2011 and 2014 and para 130 c) ii) which is segment information or reporting for individual asset
for year 2014 only.

Johore Tin Berhad disclosed para 130 e) and para 130 g) which are recoverable amount
and whether the recoverable amount is fair value less cost of disposal or value in use and the
discount rate in estimate for value in use for the individual asset and cash-generating units in year
2011 and 2014 and para 130 f) i) which is the level of fair value hierarchy in fair value
measurement for fair value less cost of disposal for individual asset and cash-generating units in
year 2011 only.

Johore Tin Berhad disclosed para 134 c) which is the basis of determination of the unit’s
recoverable amount for the carrying amount of goodwill or intangible assets allocated to each cash-
generating unit is significant in comparison with the entity’s total carrying amount of goodwill or
intangible assets in year 2014. Johore Tin Berhad disclosed para 134 d) i) and para 134 d) ii) which
are key assumption on which management has based the cash flow projection and a description of
management’s approach to determining the value(s) assigned to each key assumption in year 2011
and 2014. Besides, Johore Tin Berhad also disclosed para 134 e) iiA) which is the level of fair
value hierarchy if fair value less cost of disposal used in recoverable amount determination and
not using quoted price in determination in year 2011 only.

In comparison between year 2011 and 2014 for MFRS 7, Johore Tin Berhad has disclosed
10 from 60 disclosures in year 2011. In year 2014, Johore Tin Berhad has disclosed 12 disclosures
from 60 disclosures.

Johore Tin Berhad has disclosed para 8 c) and para 8 d) which is the carrying amount
financial asset of loans and receivable and available for sale in statement of financial position in

Page | 240
both year 2011 and 2014. Johore Tin Berhad has disclosed para 16 which is reconciliation of
changes in separated account when impaired during the period of each class of financial asset for
allowance account for credit losses in year 2014.

Johore Tin Berhad has disclosed para 20 a) which is net gain or losses on financial
instruments in statement of comprehensive income in year 2011 only. Johore Tin Berhad has
disclosed para 21 a) which is summary of accounting policies, measurement basis used in
preparing financial statement and the other accounting policies used that are relevant to an
understanding of the financial statements in year 2011 and 2014.

Johore Tin Berhad has disclosed para 33 a) and para 33 b) which is the exposure to risk
and how they arise and objectives, policies and processes for managing the risk and the methods
used to measure the risk for qualitative disclosure in both year 2011 and 2014. Besides, Johore Tin
Berhad has disclosed para 34 which is summary quantitative data about its exposure to that risk at
the end of reporting period for quantitative disclosure in both year 2011 and year 2014.

Johore Tin Berhad has disclosed para 36 a) for credit risk which is the amount that best
represent its maximum exposure to credit risk for both year 2011 and year 2014. Johore Tin Berhad
has also disclosed para 36 c) for credit risk which is information about the credit quality of financial
assets that are neither past due nor impaired in year 2014 only. Next, Johore Tin Berhad has
disclosed para 39 a) for liquidity risk which is maturity analysis for non-derivative financial
liabilities both year 2011 and 2014. Johore Tin Berhad has disclosed para 39 c) for liquidity risk
which is description of how it manages the liquidity risk in year 2014. Johore Tin Berhad has
disclosed para 40 a) for market risk which is sensitivity analysis for each type of market risk for
both year 2011 and 2014.

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Company 6 – Dolomite Corporation Berhad

In comparison between year 2011 and 2014 for MFRS 136, Dolomite Corporation Berhad
has disclosed 6 disclosures in year 2011 and 7 disclosures in year 2014 out of 43 total disclosures
in annual report.

Dolomite Corporation Berhad has disclosed para 126 a) which is total amount of
impairment loss recognised in statement of profit or loss and other comprehensive income in year
2014. Dolomite Corporation Berhad has disclosed para 126 b) which is total amount of impairment
loss on revalued asset recognised in statement of profit or loss and other comprehensive income in
year 2011. Dolomite Corporation Berhad has disclosed para 128 which is presentation of
impairment loss including other information of the assets.

Dolomite Corporation Berhad has disclosed para 130 c) i) and para 130 c) i) which are
nature of asset and segment information or reporting for individual asset in year 2011 and 2014.
Dolomite Corporation Berhad has disclosed para 130 e) which is recoverable amount and whether
the recoverable amount is fair value less cost of disposal or value in use in year 2011 and 2014 and
para 130 f) i) which is the level of fair value hierarchy in fair value measurement for fair value less
cost of disposal in year 2011.

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Dolomite Corporation Berhad disclosed para 134 c) which is the basis of determination of
the unit’s recoverable amount for the carrying amount of goodwill or intangible assets allocated to
each cash-generating unit is significant in comparison with the entity’s total carrying amount of
goodwill or intangible assets in year 2014. Dolomite Corporation Berhad disclosed para 134 d) v)
which is the discount rate(s) applied to the cash flow projections if value in use used in recoverable
amount determination in year 2011 and 2014 and para 134 d) iv) which is the growth rate used in
cash flow projection and the justification for using any growth rate that exceeds the long-term
average growth rate if value in use used in recoverable amount determination in year 2011 only.

Besides, Dolomite Corporation Berhad also disclosed para 134 e) ii A) which is the level
of fair value hierarchy if fair value less cost of disposal used in recoverable amount determination
and not using quoted price in determination in year 2011 only and para 134 f) i) which is the
recoverable amount exceed the carrying amount for change in a key assumption on which
management has based its determination of the unit’s recoverable amount cause the recoverable
amount exceed the carrying amount in year 2014 only.

In comparison between year 2011 and 2014 for MFRS 7, Dolomite Corporation Berhad
has disclosed 9 disclosures in year 2011 and 10 disclosures in year 2014 out of 60 total disclosures
in annual report.

Dolomite Corporation Berhad has disclosed para 8(c) which is the carrying amount
financial assets and liabilities in loans and receivable in statement of financial position for both
years 2011 and 2014. Dolomite Corporation Berhad has disclosed para 20(b) which total interest
income and total interest expense for financial assets and financial liabilities that not fair value
through profit and loss in year 2011 and para 21(a) which is summary of accounting policies,
measurement basis used in preparing financial statement and the other accounting polices used
that are relevant to an understanding of the financial statements for accounting policies in other
disclosures for both years 2011 and 2014.

In year 2011 and 2014, Dolomite Corporation Berhad has disclosed para 33(a) which is the
exposure to risk and how they arise and para 33(b) which is objectives, policies and processes for
managing the risk and the methods used to measure the risk for qualitative disclosures for risk
arising from financial instrument. The company also disclosed para 34(a) which is summary

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quantitative data about its exposure to that risk at the end of reporting period for quantitative
disclosure in risk arising from financial instrument.

Dolomite Corporation Berhad has disclosed para 36(a) which is the amount that best
represents its maximum exposure to credit risk in year 2011 and 2014 but para 36(c) which is
information about the credit quality of financial assets that are neither past due nor impaired for
credit risk in risk arising from financial instrument only in 2014.

Dolomite Corporation Berhad has disclosed para 39(a) in both years 2011 and 2014 which
is maturity analysis for non-derivative financial liabilities for liquidity risk but disclosed para 39(c)
which is description of how it manages the liquidity risk only in year 2014 for liquidity risk in risk
arising from financial instrument.

For market risk, Dolomite Corporation Berhad has disclosed para 40(a) only for both years
2011 and 2014 which is sensitivity analysis for each type of market risk in risk arising from
financial instruments.

In comparison between year 2011 and 2014 for MFRS 7, Dolomite Corporation Berhad
has disclosed 9 from 60 disclosures in year 2011. In year 2014, Johore Tin Berhad has disclosed
10 disclosures from 60 disclosures.

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Company 7- One Berhad company

In year 2011, One Berhad company disclosed about 5 out of 43 disclosure.The item that
disclosed by company is the total amount of impairment loss,carrying amount of goodwill, key
assumption based cash flow projection, discount rate and the level of fair value hierarcy compared
to year 2014, the company disclosed about 6 out of 43 disclosure which is total amount impairment,
the reversal of impairment loss,the incurrence of event, impairment loss in cash generating
units,the level of fair value and the discount rate cash projections for MFRS 136.

While for MFRS 7 in year 2011, One Berhad company disclosed about 17 out of 60 disclosures
compared to 2014 in which 18 out of 60 disclosures had been disclosed in annual report.

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Company 8- Bp Plastic Holding Berhad

In year 2011, Bp Plastic Holding company disclosed about 1 out of 43 disclosures. The
item that a company had been disclosed in annual report is the incurrence of event and
circumstance compared to year 2014, the company disclosed about 4 out of 43 disclosures.In that
year, the company had 3 additional item to disclosed which is the amount impairment loss,the fair
value level and the discount rate of cash flow projection.

While for MFRS 7, Bp Plastic Holding company disclosed about 17 out of 60 in annual report in
year 2011 compared to year 2014 in which 13 out of 60 disclosures in annual report that have been
disclosed.

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Company 9 – Daibochi Plastic and Packaging Industry Berhad

Under the MFRS 136 impairment of assets, in year 2011, Daibochi Plastic and Packaging
Industry Berhad has disclosed paragraph 126 (a) Total amount of impairment loss but in year 2014,
the company did not disclose the total amount of impairment loss. In both year 2011 and 2014, the
company did not disclose the segment information. In year 2011, Dabochi Plastic and Packaging
Industry Berhad has disclosed the paragraph 130, the incurrence of event and circumstance and
the amount of impairment loss compared to year 2014 the company only disclosure the incurrence
of event and circumstance but they did not disclose the amount of the assets. In year 2011, the
company did not disclose the paragraph 130 but in year 2014 the company disclosed the level of
fair value hierarchy in fair value measurement, if fair value less cost disposal which is under the
paragraph 130 (d) cash generating units.

Under the MFRS 7 Financial Instruments, Daibochi Plastic and Packaging Industry Berhad
has disclosed Para 8 carrying amount of financial assets which is loans and receivable in both year
2011 and 2014. They also disclosed the carrying amount financial liabilities which are financial
liabilities through profit and loss and financial liabilities measured at amortised cost in both years.
The company has designated loan and receivable, so they have only disclosed paragraph 9,
maximum exposure to credit risk of the loan receivable but they did not disclose the amount by
which any related credit derivatives or similar instrument mitigate that maximum exposure to
credit risk compared to year 2014 the company has disclosed maximum exposure to credit risk and
the amount by which any related credit derivatives or similar instrument mitigate that maximum
exposure to credit risk. The company has loan and receivable at FVTPL financial liability. The
company has disclosed the difference between he financial liability’s carrying amount and the
amount that the entity would be contractually required to pay at maturity to holder of the obligation
under para 10 compared to year 2014 they did not disclose it. Under the offsetting financial asset
and financial liability, the company has disclosed para. 13 C which is recognized the gross amount
on financial asset and financial liabilities but in year 2014, they did not recognize it. For the risk
arising from financial instrument, in year 2011 the company has disclosed para.40 (a) and (b) of
market risk which under the quantitative compared to year 2014 the company has only disclosed
the para 40 (a) but did not disclose the para 40 (b).

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In conclusion, Daibochi Plastic and Packaging Industry Berhad has disclosed 3 out of 43
disclosures in annual report in year 2011 compared to year 2014 which also disclosed about 3 out
of 43 disclosures in annual report for MFRS 136.

For the standard of MFRS 7, Daibochi Plastic and Packaging Industry Berhad has disclosed
around 17 out of 60 disclosures in annual report compared to year 2014, the company has disclosed
15 out of 60 disclosures in annual which less 2 disclosures compared to year 2011.

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Company 10- LB Aluminium Berhad

Under MFRS 136 Impairment of assets, Aluminium Berhad has disclosed para 126 the
total amount of impairment loss and total amount of reversal of impairment in both year 2011 and
2014. In year 2011, the company has disclosed the para 134 which are carrying amount of goodwill
and intangible assets allocated unit and the basis of determination of the unit’s recoverable amount
compared to year 2014 the company has disclosed the para 134 of carrying amount of goodwill
and intangible assets allocated to the unit but they did not disclose the basis of determination of
the unit’s recoverable amount. In year 2011 the company has disclosed the level of fair value
hierarchy but the company did not disclose it in year 2014.

Under MFRS 7 Financial instrument, the company has disclosed the para 8 for the carrying
amount of financial liabilities through profit or loss and financial liability measured at amortised
cost in 2011 compared to the company has disclose the financial liability measured at amortised
cost only and did not disclose the financial liabilities through profit or loss in year 2014. In year
2011, LB Aluminium Berhad has disclosure the para 9 (a) and (b) but in year 2014, the company
only disclosed the para 9 (a). For the offsetting financial asset and financial liabilities, the company
has disclosed the para 13 C of recognized the gross amount on financial asset and financial
liabilities in year 2011 compared to year 2014, the company did not disclose it. In year 2011, the
company did not disclose the para 16 (a) for allowance account for credit losses but in year 2014,
the company has disclosed para 16 (a). For other disclosures, in the part of hedge accounting, the
company has disclosed the para 22 (b) and (c) but in year 2014 the company did not disclose about
the hedge accounting. In year 2011, LB Aluminium Berhad has disclosed the para 40 of sensitivity
analysis for each type of market risk and the methods and assumptions used in preparing the
sensitivity analysis compared to year 2014, the company did not disclose para 40 (b) but has
disclosed the para 40 (a).

In conclusion, in year 2011, there are 8 out of 43 of disclosures for MFRS 136 has been
disclosed by LB Aluminium Berhad compared in year 2014 the company has disclosed only 5 out
of 43 disclosures which has less 3 disclosures than in year 2011.

For MFRS 7, LB Aluminium Berhad has disclosed 16 out of 60 disclosures in annual report in
2011 more 2 disclosures than in year 2014 which the company has disclosured 14 out of 60
disclosures compared to 2011.

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2.Comparison of 2 companies for year 2011

Company 1 and 2 - Adventa Berhad and Leader Steel Holdings Berhad

In comparison between Adventa Berhad and Leader Steel Holdings Berhad, Adventa
Berhad disclosed about 3 out of 43 disclosures in annual report whereas Leader Steel Holdings
Berhad disclosed about 1 out of 43 disclosures in annual report for MFRS 136 which is impairment
of asset in year 2011.

They disclosed para 126 a) which is the total amount of impairment loss recognised in
statement of profit or loss and other comprehensive income. Next, Adventa Berhad has disclosed
para 130 a) and para 130 b) which is the incurrence of event and circumstance and the amount of
impairment loss for individual asset and cash-generating units but Leader Steel Holdings Berhad
did not.

In comparison between Adventa Berhad and Leader Steel Holdings Berhad, Adventa
Berhad disclosed about 16 out of 60 disclosures in annual report whereas Leader Steel Holdings
Berhad disclosed about 15 out of 60 disclosures in annual report for MFRS 7 which is disclosure
of financial instrument in year 2011.

Adventa Berhad disclosed para 8 b) for the carrying amount financial asset which is held
to maturity investment in statement of financial position. However, Leader Steel Holdings Berhad
has disclosed para 8 c) and para 8 d) for the carrying amount financial asset which is loans and
receivable and available for sale in statement of financial position. Adventa Berhad and Leader
Steel Holdings Berhad has disclosed para 8 f) for the carrying amount financial liability which is
financial liability measured at amortised cost in statement of financial position.

Leader Steel Holdings Berhad has disclosed para 13C a) which is recognised the gross
amount on financial asset and financial liabilities for offsetting financial assets and financial
liabilities. Leader Steel Holdings Berhad has disclosed para 20 a) which is net gain or losses on
financial instruments in statement of comprehensive income. Adventa Berhad and Leader Steel
Holdings Berhad both has disclosed para 20 b) which is total interest income and total interest
expense for financial assets and financial liability that not FVTPL in statement of comprehensive
income. Adventa Berhad has disclosed para 20 e) which is amount of impairment loss for each
financial asset in statement of comprehensive income.

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Adventa Berhad and Leader Steel Holdings Berhad both disclosed para 21 which is
summary of accounting policies, measurement basis used in preparing financial statement and the
other accounting policies used that are relevant to an understanding of the financial statements for
accounting policies. Adventa Berhad has disclosed para 22 b) and para 22 c) which is the
description of financial instruments designated as hedging instrument and fair value and the nature
of the risks being hedged for hedge accounting.

Adventa Berhad and Leader Steel Holdings Berhad both disclosed para 33 a) and para 33
b) which is the exposure to risk and how they arise and objectives, policies and processes for
managing the risk and the methods used to measure the risk for qualitative disclosure. Besides,
they also disclosed para 34 a) which is summary quantitative data about its exposure to that risk at
the end of reporting period for quantitative disclosure.

They disclosed para 36 a) for credit risk which is the amount that best represents its
maximum exposure to credit risk but only Adventa Berhad disclosed para 30 c) for credit risk
which is information about the credit quality of financial assets that are neither past due nor
impaired. They both also disclosed para 39 a) and para 39 c) for liquidity risk which is maturity
analysis for non-derivative financial liabilities and description of how it manages the liquidity risk.
They both disclosed para 40 a) and para 40 b) for market risk which is sensitivity analysis for each
type of market risk and methods and assumptions used in preparing the sensitivity analysis.

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Company 3 & 4- Aluminium company of Malaysia berhad and quality concrete holdings berhad.

For MFRS 136, Aluminium company of Malaysia Berhad disclosed about 1 out of 43
disclosures in annual report while Quality Concrete Holdings Berhad disclosed about 7 out of 43
disclosures in annual report. Aluminium company disclosed 1 which is only a description of cash-
generating units. While Quality Concrete disclosed 7 which are Total amount of impairment loss,
The amount of impairment loss (Individual asset & cash-generating units), Nature of
asset(goodwill), Segment information /reporting,Recoverable amount and whether the recoverable
amount is fair value less cost of disposal or value in use and The level of fair value hierarchy in
fair value measurement, if fair value less cost of disposal identically disclosed.

For MFRS 7, Aluminium company of Malaysia Berhad disclosed about 9 out of 43


disclosures in annual report while Quality Concrete Holdings Berhad disclosed about 8 out of 43
disclosures in annual report. Aluminium company disclosed 9 which are Financial asset through
profit or loss,maximum exposure to credit risk of the loan and receivable, gross amount on
financial asset and financial liabilities,the net amount presented in the statement of financial
position, Summary of accounting policies,measurement basis used in preparing financial
statement and the other accounting policies used that are relevant, The exposure to risk and how
they arise,Objectives, policies and processes for managing the risk and the methods used to
measure the risk, The amount that best represents its maximum exposure to credit risk, Summary
quantitative data about its exposure to that risk at the end of reporting period. While Quality
concrete Holdings Berhad disclosed 8 which are Loans and receivable(financial asset), Financial
liabilities through profit or loss, Amount of impairment loss for each financial asset, Summary of
accounting policies,measurement basis used in preparing financial statement and the other
accounting policies used that are relevant to an understanding of the financial statements, The
exposure to risk and how they arise, Objectives, policies and processes for managing the risk and
the methods used to measure the risk, Summary quantitative data about its exposure to that risk at
the end of reporting period, The amount that best represents its maximum exposure to credit risk,
Maturity analysis for non-derivative financial liabilities (liquidity risk), Description of how it
manages the liquidity risk, Sensitivity analysis for each type of market risk, Methods and
assumptions used in preparing the sensitivity analysis.

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Company 5 and 6 – Johore Tin Berhad and Dolomite Corporation Berhad

In comparison between Johore Tin Berhad and Dolomite Corporation Berhad, Johore Tin
Berhad disclosed about 4 out of 43 disclosures in annual report meanwhile Dolomite Corporation
Berhad disclosed for about 6 out of 43 disclosures in annual report for MFRS 136 which is
impairment of asset in year 2011.

Johore Tin Berhad and Dolomite Corporation Berhad disclosed para 126 (b) which is the
amount of impairment loss on revalued asset recognised in statement of profit or loss and other
comprehensive income. However, only Dolomite Corporation Berhad has disclosed para 128
which is the presentation of impairment loss including other information of the assets recognised
in profit or loss and other comprehensive income.

Next, Dolomite Corporation Berhad only that disclosed para 130 (c)(i) which is nature of
individual asset (goodwill) for individual asset and cash-generating units but both Johore Tin
Berhad and Dolomite Corporation Berhad disclosed para 130(c)(ii) which is segment information
reporting of individual asset (goodwill) for individual asset and cash-generating units. Both
companies which are Johore Tin Berhad and Dolomite Corporation Berhad disclosed para 130(e)
and para 130 (f)(i) which are recoverable amount and whether the recoverable amount is fair value
less cost of disposal or value in use and the level of fair value hierarchy in fair value measurement,
if fair value less cost of disposal in individual asset and cash-generating units respectively.
However, only Johore Tin Berhad disclosed para 130(g) which is the discount rate in estimate, if
value in use for individual asset and cash-generating units.

Johore Tin Berhad has disclosed para 134(d)(i) and 134(d)(ii) which are key assumption
on which management has based the cash flow projection and a description of management’s
approach to determining the value(s) assigned to each key assumption respectively if value in used
in recoverable amount determination for the carrying amount of goodwill or intangible assets
allocated to each cash-generating unit is significant in comparison with the entity’s total carrying
amount of goodwill or intangible assets. Meanwhile, Dolomite Corporation Berhad has disclosed
para 134(d)(iv) and para 134(d)(v) which are the growth rate used in cash flow projection and the
justification for using any growth rate that exceeds the long-term average growth rate and the
discount rate(s) applied to the cash flow projections if value in use used in recoverable amount
determination in the carrying amount of goodwill or intangible assets allocated to each cash-

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generating unit is significant in comparison with the entity’s total carrying amount of goodwill or
intangible assets. Besides that, Johore Tin Berhad and Dolomite Corporation Berhad had disclosed
para 134(e)(iiA) which is the level of fair value hierarchy if fair value less cost of disposal used in
recoverable amount determination and not using quoted price in determination when the carrying
amount of goodwill or intangible assets allocated to each cash-generating unit is significant in
comparison with the entity’s total carrying amount of goodwill or intangible assets.

In comparison between Johore Tin Berhad and Dolomite Corporation Berhad, Johore Tin
Berhad disclosed for about 10 out of 60 disclosures in annual report meanwhile Dolomite
Corporation Berhad disclosed about 9 out of 60 disclosures in annual report for MFRS 7 which is
disclosure of financial instrument in year 2011.

Johore Tin Berhad and Dolomite Corporation Berhad disclosed para 8(c) for the carrying
amount financial asset which is loans and receivable in statement of financial position but only
Johore Tin Berhad that disclosed para 8(d) for the carrying amount financial asset which is
available for sale in statement of financial position.

Johore Tin Berhad has disclosed para 20(a) which is net gain or losses on financial
instruments for item of income, expense, gains or losses in statement of comprehensive income.
In the same paragraph, Dolomite Corporation Berhad has disclosed para 20(b) in item of income,
expense, gains or losses which is total interest income and total interest expense for financial assets
and financial liability that not fair value through profit and loss.

Both companies which are Johore Tin Berhad and Dolomite Corporation Berhad had
disclosed para 21(a) which is summary of accounting, measurement basis used in preparing
financial statement and the other accounting policies used that are relevant to an understanding of
the financial statements of accounting policies of other disclosures.

Johore Tin Berhad and Dolomite Corporation Berhad also had disclosed para 33(a) which
is the exposure to risk and how they arise and para 33(b) which is objectives, policies ad processes
for managing the risk and the methods used to measure the risk in qualitative disclosures in risk
arising from financial instrument.

These two companies also had disclosed para 34(a) which is summary quantitative data
about its exposure to that risk at the end of reporting period in quantitative disclosure, para 36(a)

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which the amount that best represents its maximum exposure to credit risk in credit risk segment,
para 39(a) which is maturity analysis for non-derivative financial liabilities in liquidity risk
segment and para 40(a) which is sensitivity analysis for each type of market risk in market risk
segment in risk arising from financial instrument.

For MFRS 136, Company 5 (Johore Tin Berhad) has disclosed 4 disclosures out of 43
disclosures and it is less than Company 6 (Dolomite Corporation Berhad) that has disclosed 6
disclosures for the same standards. Besides that, for MFRS 7, Company 5 (Johore Tin Berhad) has
disclosed 10 disclosures meanwhile Company 6 (Dolomite Corporation Berhad) has disclosed less
than previous company which is 9 disclosures from 60 total disclosures.

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Company 7 & 8 – BP Plastic Holding Bhd and Can One Berhad

For MFRS 136, Bp Plastic Holding Bhd disclosed about 1 out of 43 disclosures compared to One
Berhad Company in which disclosed about 5 out of 43 disclosures. The Bp Plastic Holding had
disclosed the incurrence of event and circumstance in annual report. However, One Berhad
company had disclosed the total amount of impairment loss, carrying amount of goodwill, key
assumption based cash flow projection, discount rate and the level of fair value hierarcy. This show
that the company comply the accounting policies for this item that require or stated in GAAP.

While MFRS 7, Bp plastic Holding and One Berhad company had disclosed about 17 out of 60
disclosures in annual report. Both company had disclosed the same item which is method
assumptions used in preparing the sensitivity analysis, sensitivity analysis for each type of market,
maximum exposure to credit risk, summary quantitative data, objective, policies and processes for
managing and measure the risk, summary accounting policies, recognised the gross amount in
financial asset and financial liabilities, maximum exposure to credit risk of the loan and receivable
and loan and receivable in financial position. This item requires to disclose in the annual report.

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Company 9 & 10- Daibochi Plastic and Packaging Industry Berhad and LB Aluminium Berhad

Under MFRS 136 Impairment of assets, in year 2011, Daibochi Plastic and Packaging
Industry Berhad did not the para 126 (c) which is total amount of reversal of impairment loss but
LB Aluminium Berhad has disclosed the total amount of reversal of impairment loss. For the para
130 (d) cash- generating units, LB Aluminium Berhad has disclosed the description of cash
generating units but Daibochi Plastic and Packaging Industry Berhad did not disclose it. LB
Aluminium Berhad has disclosed the para 134. Which are carrying amount og goodwill and
intangible assets allocated to the unit and the basis of determination of the unit’s recoverable
amount but Daibochi Plastic and Packaging Berhad did not disclosure the para 134 (a), (b) and (c).

Under MFRS 7 Financial Instrument, in year 2011, Daibochi Plastic and Packaging
Industry Berhad has disclosed only para 8 (1) the carrying amount of loans and receivable
compared to LB Aluminium Berhad has disclosed para 8 (1) the carrying amount of financial asset
through profit or loss and loans ad receivable. Only Daibochi Plastic and Packaging Industry has
loan or receivable at FVTPL financial liability so the company has disclosed the para 10 (b)
compared to LB Aluminium Berhad do not have FVTPL financial liability so they did not disclose
it. In the statement of comprehensive income, Daibochi Plastic and Packaging Industry Berhad has
only disclosed the para 20 (b) compared to LB Aluminium Berhad has disclosed para 20 (b) and €
which are total interest income and total interest expense for financial assets and financial liability
that are not FVTPL. For the hedge accounting, LB Aluminium Berhad has disclosed para 22 (b)
and (c) but Daibochi Plastic and Packaging Berhad did not disclose it.

In conclusion, for MFRS 136, Daibochi Plastic and Packaging Industry Berhad has
disclosed 3 out of 43 of disclosure compared to LB Aluminium Berhad which has disclosed 8 out
of 43 disclosure in 2011.

For MFRS 7, 17 out of 60 disclosure has been disclosure by Daibochi Plastic and
Packaging Industry Berhad compared to LB Alumium Berhad has disclosed 16 out of 60 disclosure
in year 2011 which less than Daibochi Plastic and Packagng Industry Berhad.

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3. Comparison of 2 companies for year 2014

Company 1 and 2 - Adventa Berhad and Leader Steel Holdings Berhad

In comparison between Adventa Berhad and Leader Steel Holdings Berhad, Adventa
Berhad disclosed about 3 out of 43 disclosures in annual report whereas Leader Steel Holdings
Berhad disclosed about 4 out of 43 disclosures in annual report for MFRS 136 which is impairment
of asset in year 2014.

Adventa Berhad and Leader Steel Holdings Berhad disclosed para 126 a) which is the total
amount of impairment loss recognised in statement of profit or loss and other comprehensive
income. However, only Leader Steel Holdings Berhad has disclosed para 126 c) which is the total
amount of reversal of impairment loss recognised in statement of profit or loss and other
comprehensive income. Next, Adventa Berhad and Leader Steel Holdings Berhad has disclosed
para 130 a) and para 130 b) which is the incurrence of event and circumstance and the amount of
impairment loss for individual asset and cash-generating units.

In comparison between Adventa Berhad and Leader Steel Holdings Berhad, Adventa
Berhad disclosed about 15 out of 60 disclosures in annual report whereas Leader Steel Holdings
Berhad disclosed about 15 out of 60 disclosures in annual report for MFRS 7 which is disclosure
of financial instrument in year 2014.

Adventa Berhad and Leader Steel Holdings Berhad both disclosed para 8 c) for the carrying
amount financial asset which is loans and receivable in statement of financial position. However,
only Leader Steel Holdings Berhad has disclosed para 8 d) for the carrying amount financial asset
which is available for sale in statement of financial position. Moreover, Adventa Berhad and
Leader Steel Holdings Berhad has disclosed para 8 f) for the carrying amount financial liability
which is financial liability measured at amortised cost in statement of financial position.

Adventa Berhad and Leader Steel Holdings Berhad both disclosed para 16 which is
reconciliation of changes in separated account when impaired during the period of each class of
financial asset for the allowance account for credit losses. They disclosed para 20 b) and para 20
e) which is total interest income and total interest expense for financial assets and financial liability
that not FVTPL and amount of impairment loss for each financial asset in statement of
comprehensive income. However, only Adventa Berhad disclosed para 20 which is net gain or

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losses on financial instrument in statement of comprehensive income. They too disclosed para 21
a) which is summary of accounting policies,measurement basis used in preparing financial
statement and the other accounting policies used that are relevant to an understanding of the
financial statements.

Adventa Berhad and Leader Steel Holdings Berhad both disclosed para 33 a) and para 33
b) which is the exposure to risk and how they arise and objectives, policies and processes for
managing the risk and the methods used to measure the risk for qualitative disclosure. Besides,
they also disclosed para 34 a) which is summary quantitative data about its exposure to that risk at
the end of reporting period for quantitative disclosure.

Adventa Berhad and Leader Steel Holdings Berhad disclosed para 36 a) and para 36 c) for
credit risk which is the amount that best represents its maximum exposure to credit risk and
information about the credit quality of financial assets that are neither past due nor impaired. They
both disclosed para 39 a) and para 39 c) for liquidity risk which is maturity analysis for non-
derivative financial liabilities and description of how it manages the liquidity risk. They both also
disclosed para 40 a) for market risk which is sensitivity analysis for each type of market risk.

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Company 3 & 4- Aluminium Company of Malaysia Berhad and Quality Concrete Holdings Berhad

For MFRS 136, Aluminium company of Malaysia Berhad disclosed about 5 out of 43
disclosures in annual report while Quality Concrete Holdings Berhad disclosed about 9 out of 43
disclosures in annual report. Aluminium company disclosed 5 which are impairment
loss,Individual asset & cash-generating units ( impairment loss), goodwill (nature of
asset),goodwill (segment of reporting),and a description of cash-generating units. While Quality
concrete holdings berhad disclosed 9 which are Total amount of impairment loss, Total amount of
reversal of impairment loss, A description of cash-generating units, The level of fair value
hierarchy in fair value measurement, if fair value less cost of disposal, Carrying amount of
goodwill allocated to the unit, The basis of determination of the unit’s recoverable amount, Key
assumption on which management has based the cash flow projection, The period over which
management has projected cash flows and an explanation of why if the period over 5 year times,
The level of fair value hierarchy,The aggregate carrying amount of goodwill allocated to those
units.

For MFRS 7, Aluminium company of Malaysia Berhad disclosed about 15 out of 43


disclosures in annual report while Quality Concrete Holdings Berhad disclosed about 12 out of 43
disclosures in annual report. Aluminium Company disclosed 15 which are Financial asset through
profit or loss, Loans and receivable( financial asset), Financial liabilities through profit or loss,
Financial liability measured at amortised cost, Recognised the gross amount on financial asset and
financial liabilities, Determining the net amount presented in statement of financial
position(criteria in paragraph 42 of mfrs 132), Net gain or losses on financial instruments,
Summary of accounting policies,measurement basis used in preparing financial statement and the
other accounting policies used that are relevant to understanding of the financial statements,
Accounting policy used when recognising differences the fair value at initial recognition and
transaction price(fair value), The exposure to risk and how they arise, objectives,policies and
processes for managing the risk and the methods used to measure the risk, Summary quantitative
data about its exposure to that risk at the end of reporting period, Information about the credit
quality of financial assets that are neither past due nor impaired, Maturity analysis for non-
derivative financial liabilities(liquidity risk), Description of how it manages the liquidity risk,
Sensitivity analysis for each type of market risk. While Quality Concrete holdings berhad disclosed

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12 which are Loans and receivable(financial asset), Financial liability measured at amortised cost,
Reconciliation of changes in separated account when impaired during the period of each class of
financial asset, Net gain or losses on financial instruments, Total interest income and total interest
expense for financial assets and financial liability that not FVTPL, Summary of accounting
policies, measurement basis used in preparing financial statement and the other accounting policies
used that are relevant to an understanding of the financial statements, The exposure to risk and
how they arise, Objectives, policies and processes for managing the risk and the methods used to
measure the risk, Summary quantitative data about its exposure to that risk at the end of reporting
period, The amount that best represents its maximum exposure to credit risk, Information about
the credit quality of financial assets that are neither past due nor impaired, Description of how it
manages the liquidity risk, Sensitivity analysis for each type of market risk.

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Company 5 and 6 – Johore Tin Berhad and Dolomite Corporation Berhad

In comparison between Johore Tin Berhad and Dolomite Corporation Berhad, Johore Tin
Berhad disclosed about 6 out of 43 disclosures in annual report whereas Dolomite Corporation
Berhad disclosed about 7 out of 43 disclosures in annual report for MFRS 136 which is impairment
of asset in year 2014.

Dolomite Corporation Berhad has disclosed para 126(a) which is total amount of
impairment loss in recognizing in profit or loss and other comprehensive income but both of these
two companies which are Johore Tin Berhad and Dolomite Corporation Berhad disclosed para
130(c)(i) which is nature of individual asset (goodwill) and para 130(c)(ii) which is segment
information reporting individual asset (goodwill) in individual asset and cash-generating units.
Johore Tin Berhad and Dolomite Corporation Berhad disclosed para 130(e) which is recoverable
amount and whether the recoverable amount is fair value less cost of disposal or value in use for
individual asset and cash-generating units. However, only Johore Tin Berhad has disclosed para
130(g) which is the discount rate in estimate, if value in use for individual assets and cash-
generating units.

Johore Tin Berhad and Dolomite Corporation Berhad disclosed para 134(c) which is the
basis of determination of the unit’s recoverable amount when the carrying amount of goodwill or
intangible assets allocated to each cash-generating unit is significant in comparison with the
entity’s total carrying amount of goodwill or intangible assets when recognized in profit or loss
and other comprehensive income. Johore Tin Berhad has disclosed para 134(d)(i) and para
134(d)(ii) which are key assumption on which management has based the cash flow projection and
a description of management’s approach to determining the value(s) assigned to each key
assumption if value in use in recoverable amount determination when recognized in profit or loss
and other comprehensive income meanwhile Dolomite corporation Berhad has disclosed para
134(d)(v) which is the discount rate(s) applied to the cash flow projections if value in use used in
recoverable amount determination when recognized in profit or loss and other comprehensive
income. Plus, Dolomite Corporation Berhad also has disclosed para 134(f)(i) which is the
recoverable amount exceed the carrying amount for the change in a akey assumption on which
management has based its determination of the unit’s recoverable amount cause the recoverable

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amount exceed the carrying amount when recognized in profit or loss and other comprehensive
income.

Dolomite Corporation Berhad also has disclosed para 135(a) which is the aggregate
carrying amount of goodwill allocated to those units in some or all of the carrying amount of
goodwill or intangible assets with indefinite useful lives is allocated across multiple cash-
generating units when recognized in profit or loss and other comprehensive income.

In comparison between Johore Tin Berhad and Dolomite Corporation Berhad, Johore Tin
Berhad disclosed about 12 out of 60 disclosures in annual report meanwhile Dolomite Corporation
Berhad disclosed for about 10 out of 60 disclosures in annual report for MFRS 7 which is
disclosure of financial instrument in year 2014.

Johore Tin Berhad and Dolomite Corporation Berhad disclosed para 8(c) which is carrying
amount financial asset in loans and receivable but only Johore Tin Berhad disclosed para 8(d)
which is carrying amount financial asset for available for sale in statement of financial position.

Johore Tin Berhad has disclosed para 16(a) which is reconciliation of changes in separated
account when impaired during the period of each class of financial asset in allowance account for
credit losses in statement of financial position.

Besides that, Johore Tin Berhad and Dolomite Corporation Berhad disclosed para 21(a)
which is summary of accounting policies, measurement basis used in preparing financial statement
and the other accounting policies used that are relevant to an understanding of the financial
statements for accounting policies in other disclosures.

Both of these companies which are Johore Tin Berhad and Dolomite Corporation Berhad
also disclosed para 33(a) and para 33(b) which are the exposure to risk and how they arise and
objectives, policies and processes for managing the risk and the methods used to measure the risk
for qualitative disclosures in risk arising from financial instrument. These companies also
disclosed para 34(a) which is summary quantitative data bout its exposure to that risk at the end of
reporting period for quantitative disclosure in risk arising from financial instrument.

Johore Tin Berhad and Dolomite Corporation Berhad disclosed para 36(a) which is the
amount that represents its maximum exposure to credit risk and para 36(c) which is information

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about the credit quality of financial assets that are neither past due nor impaired for credit risk in
risk arising from financial instrument.

These two companies also which are Johore Tin Berhad and Dolomite Corporation Berhad
disclosed para 39(a) and para 39(c) which are maturity analysis for non-derivative financial
liabilities and description of how it manages the liquidity risk respectively for liquidity risk in risk
arising from financial instrument. Plus, these companies also disclosed para 40(a) which is
sensitivity analysis for each type of market risk for market risk in risk arising from financial
instrument.

For MFRS 136, Company 5 (Johore Tin Berhad) has disclosed 6 disclosures out of 43
disclosures and it is less than Company 6 (Dolomite Corporation Berhad) that has disclosed 7
disclosures for the same standards.

Besides that, for MFRS 7, Company 5 (Johore Tin Berhad) has disclosed 12 disclosures
meanwhile Company 6 (Dolomite Corporation Berhad) has disclosed less than previous company
which is 10 disclosures from 60 total disclosures.

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Company 7 & 8- BP Plastic Holding Company and Can One Berhad

For MFRS 136, in year 2014, BP Plastic Holding Company has disclosed para 126 (a) and
(b) which are total impairment loss and total amount of reversal of impairment loss but One Berhad
did not disclose it. BP Plastic Holding Comppany has disclosed para 134 (d) which is the company
has used value-in-use as recoverable amount, they have disclosed the discount rate applied to the
cash flow projections compared to One Berhad did not disclose it.

For MFRS 7, in year 2014, for the para 8(1) BP Plastic Holding Company has disclosed
the carrying amount of held to maturity investment and loans receivable but One Berhad disclosed
the carrying amount of loans and receivable and available for sale. BP Plastic Holding Company
has disclosed the carrying amount of financial liabilities through profit or loss but One Berhad did
not disclose it. Only BP Plastic Holding Company has disclosed the para 9 (a) and (b) which are
maximum exposure to credit risk of loan and receivable and the amount by which any related credit
derivatives or similar instrument mitigate that maximum exposure to credit risk. For the statement
of comprehensive income, BP Plastic Holding Berhad had disclosed the para 20 (b) Total interest
income and total interest expense for financial assets and financial liability that not FVTPL but
One Berhad has disclosed para 20 (e) the amount of impairment loss for each financial asset.

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In conclusion, for MFRS 136, Bp Plastic Holding company disclosed about 3 out of 43
disclosures in annual report.The company disclosed the amount impairment loss,the fair value
level, the discount rate of cash flow projection and the incurrence of event and circumstance. While
One Berhad company disclosed about 6 out of 43 disclosures in year 2014.

For MFRS 7, Bp Plastic Holding company disclosed about 13 out of 60 disclosures


compared to One Berhad company in which identically 18 out of 60 disclosures had been disclosed
in annual report for both company.

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Company 9 & 10- Daibochi Plastic & Packaging Industry Berhad and LB Aluminium Berhad

For MFRS 136 Impairment of asset, in year 2014, LB Aluminium Berhad has disclosed
the para 126. total amount impairment loss and total amount of reversal of impairment compared
to Daibochi Plastic and PACKAGING Industry Berhad did not disclose it. For para 130, Daibochi
Plastic and Packaging Industry Berhad did not disclose the amount of impairment loss but LB
Aluminium Berhad had disclosed about it. For para 130 (d) cash- generating units, only LB
Aluminium Berhad has disclosed the description of cash generating units while only Daibochi
Plastic and Packaging Industry Berhad has disclose the level of fair value hierarvhy in fair value
measurement, if fair value less cost of disposal. LB Aluminium Berhad has disclosed para 134 (a)
and (b) but Daibochi Plastic and Packaging Industry Berhad did not disclose it.

For MFRS 7 Financial Instrument, in year 2014, Daibochi Plastic and Packaging Industry
Berhad has disclosed para 8 (1) for the carrying amount of loan and receivable only compared to
LB Aluminium Berhad has disclosed para 8 (1) for the carrying amount of financial asset through
profit or loss and loans and receivable. Only Daibochi Plastic and Packaging Industry Berhad has
disclosed para 8 (1) for carrying amount of financial liabilities through profut or loss compared to
LB Alumnium Berhad did not disclose it. Only LB Alumium has disclosed the para 16 when
Daibochi Plastic and Packaging Industry Berhad did not disclose it. For the statement of
comprehensive income, Daibochi Plastic and Packaging Industry Berhad did not disclose the para
20 (e) but LB Aluminium Berhad has disclosed the amount of impairment loss for each financial
asset.

In conlusion, for MFRS 136, Daibochi Plastic and Packaging Industry Berhad had disclose
3 out of 43 of disclosures while LB Aluminium Berhad has disclosed 5 out of 43 of disclosures in
year 2014, which is more than Daibochi Plastic and Packaging.

For MFRS 7, Daibochi Plastic and Packaging Industry Berhad has disclosed 15 out 60 of
disclosures in year 2014 compared to LB Aluminium Berhad has disclosed 14 out of disclosures
which less that Daibochi Plastic and Packaging Industry Berhad

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4. Compare the 3 most disclosure of company.

MFRS 136

For MFRS 136, the 3 most disclosures of company in year 2011 is Quality Concrete
Holding Berhad, Johore Tin Berhad and Dolomite Corporation Berhad. Quality Concrete Holding
Berhad disclosed about 6 out of 43 disclosures while Johore Tin Berhad disclosed about 8 out of
43 disclosure and Dolomite Corporation disclosed about 9 out of 43 disclosures. The companies
had disclosed the same requirement that is the segment information or reporting under the
individual asset(goodwill). The item had been to disclosed by company because is intended to give
information to investors and creditors regarding financial results and position of the most important
units of a company,which they can use as the basis for decisions related to the company. In
addition,this segment reporting is required for publicly held entities. The segment reporting the
requirement under International Financial Reporting Standards. The companies disclosed different
item from each other except the segment reporting. In this case, Dolomite Corporation have the
most disclosed for MFRS 136 compare to others company. This show that the company comply
the requirement under GAAP.

The 3 most disclosure of company in year 2014 is Dolomite Corporation Berhad, Quality
Concrete Holding and Johore Tin Berhad. First, the Dolomite corporation disclosed about 7 out of

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43 disclosures while Quality Concrete company disclosed about 9 out of 43 disclosures and Johore
Tin disclose about 6 out of 43 disclosures. The companies had been disclosed different item in
annual report for MFRS 136 except the basis of determination of unit’s recoverable amount. In
this case, Quality Concrete is the most disclosure of company in year 2014.

MFRS 7

For MFRS 7, the companies that have the most disclosed in 2011 is Daibochi Plastic&
Pakaging Inds Bhd, Bp Plastic Holding Bhd and One berhad company. All of this company had
disclosed about 17 out of 60 disclosures in annual report. In year to 2014, the company that most
disclosed is One Berhad company,Daibochi Plastic& Pakaging Inds Bhd and Bp Plastic Berhad
company. One Berhad company disclosed about 18 out of 60 disclosures in year 2014 while
Daibochi Plastic& Pakaging Ind Bhd disclosed about 16 out of 60 disclosures and the Bp Plastic
Company disclosed about 15 out of 60 disclosures. The most company disclosed the same item in
MFRS 7 compare MFRS 136.Accounting policies is the one of item that had been disclosed by all
of the company. Besides that, this requirement is a set of standards that govern how a company
prepares its fianancial statement. However, these policies may differ from company to company
but all accounting policies are required to conform to Generally Accepted Accounting and
Malaysia Financial Reporting Standard..In this case,the One Berhad is the most disclosure of
company in annual report for MFRS 7 .

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5. Compare the 3-least disclosure of company

For MFRS 136, in year 2011, the 3 least disclosure of company are Aluminium company of
Malaysia berhad,Leader Steel holdings berhad and Bp Plastics Holding BHD. These three
companies disclosed only 1 out of 43 disclosures in the annual report while in year 2014, the 3
least disclosure of company are Adventa Berhad, Bp Plastics Holding bhd and Daibochi Plastic &
packaging inds Bhd. These three companies disclosed 3 out of 43 disclosures in the annual report.

For MFRS 7, in year 2011, the 3 least disclosure of company are Aluminium company of Malaysia
berhad, Johore tin berhad and Dolomite Corporation Berhad. Aluminium Company disclosed 10
out of 60 disclosures while Johore tin berhad also disclosed 10 out of 60 disclosures and lastly,
Dolomite corporation berhad disclosed 9 out of 60 disclosures in annual report. While in year
2014,the 3 least disclosure of company are Johore tin berhad,Dolomite corporation berhad and Bp
Plastics Holdings bhd. Johore tin berhad disclosed 12 out of 60 disclosures while Dolomite
corporation berhad disclosed 10 out of 60 disclosures and lastly Bp Plastics Holdings bhd disclosed
13 out of 60 disclosed in annual report.

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6. Compare all the companies in year 2011

For MFRS 136, there are total 43 disclosures we applied in our table. Among all companies,
Dolomite Corporation Berhad and Lb Aluminium Berhad are the highest disclosure of company
which have 9 out of 43 disclosures, whereas Leader Steel Holdings Berhad, Aluminium Company
of Malaysia Berhad and Bp Plastics Holdings Bhd are the lowest disclosure of company which
have 1 out of 43 disclosures. As the following company in accordance from highest to lowest will
be Johore Tin Berhad which has 8 out of 43 disclosures, Quality Concrete Holdings Berhad which
has 6 out of 43 disclosures, Can One Berhad which has 5 out of 43 disclosures, Daibochi Plastic
& Packaging Inds Bhd which has 4 out of 43 disclosures, Adventa Berhad which has 3 out of 43
disclosures.

For MFRS 7, there are total 60 disclosures we applied in our table. Among all companies,
Lb Aluminium Berhad is the highest disclosure of company which has 21 out of 60 disclosures
and Dolomite Corporation Berhad is the lowest disclosure of company which has only 9 out of 60
disclosures. As the following company in accordance from highest to lowest will be Daibochi
Plastic & Packaging Inds Bhd which has 18 out of 60 disclosures, Can One Berhad which has 17
out of 60 disclosures, Adventa Berhad which has 16 out of 60 disclosures, Leader Steel Holdings
Berhad which has 15 out of 60 disclosures, Bp Plastics Holdings Bhd which has 14 out of 60
disclosures, Quality Concrete Holdings Berhad which has 12 out of 60 disclosures. Lastly,
Aluminium Company of Malaysia Berhad and Johore Tin Berhad have 10 out of 60 disclosures.

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7. Comparison of all companies in year 2014

There are total 43 disclosures that we applied in table for MFRS 136. Quality Concrete
Holdings Berhad has disclosured 9 out of 43 disclosures which is the highest among the companies
compared to Adventa Berhad, Leader Steel Holdings Berhad and Bp Plastics Holdings Bhd have
disclosed 2 out of 43 disclosures which are the lowest disclosure among the ten companies in year
2014. Follow to the sequence from higher to lower, Dolomite Corporation Berhad has disclosed 7
out of 43 disclosures whereas Aluminium Company of Malaysia Berhad, Johore Tin Berhad, Can
One Berhad and Lb Aluminium Berhad have disclosed 5 out of 43 discloses, while Daibochi
Plastic & Packaging Inds Bhd has disclosed the lesser which is 3 out 43 disclosures.

For MFRS 7, we applied total 60 disclosures in our table. Among all the companies, Can
One Berhad is the highest disclosure of company which has disclosed 17out of 60 disclosures
compared to Dolomite Corporation Berhad has disclosed 10 out 60 disclosures which is the lowest
disclosures among the ten companies. Follow the sequence from lower to higher, Quality Concrete
Holdings Berhad and Johore Tin Berhad are the lower disclosures among the ten companies which
is disclosed only 12 out of 60 disclosures, the next is Bp Plastics Holdings Bhd has disclosed 13
out of 60 disclosures, the following is Leader Steel Holdings Berhad and Lb Aluminium Berhad
are disclosed 14 out of 60 disclosures while the higher disclosure is Adventa Berhad and Daibochi
Plastic & Packaging Inds Bhd are disclosed 15 out of 60 diclosures.

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6.0 Conclusion

From the analysis that have been done, all the group members can conclude that all of the
chosen companies have improved their number of disclosures in annual report before and after the
convergence IFRS.

From this project, all the group members can also interpret that the investors will have a
better understanding of the financial statements provided by companies in Malaysia and make
comparisons between companies across the globe as investors are increasingly making decisions
in a global context. Therefore, it is important to use the Malaysian capital market standard for
financial reporting purposes are recognized internationally.

The importance of a national standard setting body once again emphasized in the
publication of the IFRS Foundation recently where the trustee has requested public comment
review their strategy for the next decade. It is stated in the consultation document that the IFRS
Foundation and the IASB should encourage national network maintenance and other accounting
standard-setting body as an important part of global standard-setting process. National accounting
and other standard-setting bodies should continue to conduct research, provide guidance to the
IASB priority, encourage stakeholder input from the jurisdiction of their own in the process of the
IASB and identifying emerging issues.

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7.0 References

References
Annual Report . (2016). Retrieved from Bursa Malaysia: http://www.bursamalaysia.com/market/
Company Profile . (2016). Retrieved from BPPLAS: http://www.bpplas.com/new/
Corporate Profile . (2016, December 14). Retrieved from Johore Tin Berhad. (n.d.):
http://www.johoretin.com.my/about-us
Dolomite Corporation Berhad. (2016, December 14). Retrieved from
http://www.dolomite.com.my/about.htm
IAS Plus. (2016, Dec 14). Retrieved from http://www.iasplus.com/en-
us/standards/international/ifrs-en-us/ifrs9
Malaysian Financial Reporting Standards (MFRSs). (2016). Retrieved from Malaysia
Accounting Standard Board (MASB): http://www.masb.org.my/pages.php?id=89
Welcome to Can-One Berhad . (2016). Retrieved from Can-One Berhad :
http://www.canone.com.my/

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