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KUMPULAN FIMA BERHAD
(11817-V) |
Annual Report
2016
1.
CORPORATE INFORMATION
The principal activities of the Company are those of investment and property holding. The principal activities
of the subsidiaries and the associates are described in Notes 40 and 41, respectively. There have been no
significant changes in the nature of these activities during the financial year.
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on
the Main Market of Bursa Malaysia Securities Berhad. The principal place of business of the Company is
located at Suite 4.1, Level 4, Block C, Plaza Damansara, No. 45, Jalan Medan Setia 1, Bukit Damansara,
50490 Kuala Lumpur.
The holding company is BHR Enterprise Sdn. Bhd., a company incorporated in Malaysia.
2.
SIGNIFICANT ACCOUNTING POLICIES
2.1 Basis of Preparation
The financial statements of the Group and of the Company have been prepared in accordance
with Financial Reporting Standards (“FRSs”) and the requirements of the Companies Act, 1965 in
Malaysia.
The financial statements of the Group and the Company have been prepared on a historical cost basis
except as disclosed in the accounting policies below.
The financial statements are expressed in Ringgit Malaysia (“RM”) and all values are rounded to the
nearest thousand (RM’000) except where otherwise indicated.
2.2 New FRSs, Amendments to FRS and IC Interpretations
(a) Changes in Accounting Policies
The accounting policies adopted are consistent with those of the previous financial year except as
follows:
On 1 April 2015, the Group and the Company adopted the following new and amended FRSs and
IC Interpretation mandatory for annual financial periods beginning on after 1 January 2015.
Effective for annual period
Description
beginning on or after
Amendments to FRS 119: Defined Benefit Plans:
Employee Contributions
1 July 2014
Annual Improvements to FRSs 2010 - 2012 Cycle
1 July 2014
Annual Improvements to FRSs 2011 - 2013 Cycle
1 July 2014
The adoption of the above new standards and interpretations do not have significant impact on the
financial statements of the Group and of the Company.