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Bursa Malaysia
•
Annual Report 2014
100
Notes to the financial statements
31 December 2014
1. Corporate information
The Company is a public limited company, incorporated and domiciled in Malaysia, and is listed on the Main Market of Bursa Malaysia Securities Berhad. The
registered office of the Company is located at 15
th
Floor, Exchange Square, Bukit Kewangan, 50200 Kuala Lumpur.
The Company is an exchange holding company, whose principal activities are treasury management and the provision of management and administrative
services to its subsidiaries. The principal activities of the subsidiaries are to operate the Malaysian securities, derivatives and offshore exchanges and the
Shari’ah compliant commodity trading platform, to operate the related depository function and clearing houses, and to disseminate information relating to
securities quoted on the exchanges. The principal activities of the subsidiaries are disclosed in Note 15.
There have been no significant changes in the nature of these principal activities during the financial year.
The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the Directors on 29 January 2015.
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 Malaysian Financial Reporting Standards (MFRSs),
International Financial Reporting Standards (IFRSs) and the requirements of the Companies Act, 1965 in Malaysia. At the beginning of the current financial
year, the Group and the Company adopted Amendments to MFRSs and Issues Committee (IC) Interpretations which are mandatory for the financial periods
beginning on or after 1 January 2014 as disclosed in Note 2.2.
The financial statements, other than for financial instruments and retirement benefit obligations, have been prepared on the historical cost basis. Certain
financial instruments are carried at fair value in accordance with MFRS 139
Financial Instruments: Recognition and Measurement
, and the retirement
benefit obligations include actuarial gains and losses in accordance with MFRS 119
Employee Benefits
.
The financial statements are presented in Ringgit Malaysia (RM) and all values are rounded to the nearest thousand (RM’000 or ’000), except when
otherwise indicated.
2.2 Adoption of Amendments to MFRSs and IC Interpretation
The accounting policies adopted by the Group and the Company are consistent with those adopted in the previous year, except as follows:
Amendments to MFRS 10
Consolidated Financial Statements: Investment Entities
Amendments to MFRS 12
Disclosure of Interests in Other Entities: Investment Entities
Amendments to MFRS 127
Separate Financial Statements: Investment Entities
Amendments to MFRS 132
Financial Instruments: Presentation - Offsetting Financial Assets and Financial Liabilities
Amendments to MFRS 136
Impairment of Assets - Recoverable Amount Disclosures for Non-Financial Assets
Amendments to MFRS 139
Novation of Derivatives and Continuation of Hedge Accounting
IC Interpretation 21
Levies
The adoption of the above pronouncements did not have any impact on the financial statements of the Group and of the Company.