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8/6/2019 PRESENTATION FAR 3.

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GROUP 8GROUP 8

Prepared by:1 . PREMMALATA A/P MANIRAJU (111429)2. SITI NORSURIANI BINTI ALI (195578)3. ZARFARIE BINTI ARON (195645)

4. LEE RUEN YONG (195953)5. HOW SIOK HOON (196779)

FINANCIAL

STATEMENT ANALYSIS
http://www.51ppt.com.cn/http://www.51ppt.com.cn/http://www.51ppt.com.cn/http://www.51ppt.com.cn/http://www.51ppt.com.cn/


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Consumer industriesConsumer industries

Ajinomoto (Malaysia) Berhad

Oriental Food Industries Holding Berhad

London Biscuits BerhadSpritzer Sdn Bhd

Nestle (Malaysia) Berhad


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AJINOMOTO


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Main ActivityMain Activity

Ajinomoto (Malaysia) Berhad is manufacturing and

selling of monosodium glutamate and other relatedproducts.

Its retail products include-AJI-NO-MOTO MSG-TUMIX stock seasoning powder,

-VONO cup soup-AJI-SHIO flavored pepper The Company markets its products in Malaysia, the

Middle East and in other Asian coun trie s.
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:RS 3 Business:RS 3 BusinessCombinat ionombinat ion

No mention.


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:RS 117 :RS 117 Leaseseases


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:RS 128 Investment in:RS 128 Investment inAssociat ionssociat ion


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:RS 136 Impairment:RS 136 ImpairmentAssetsssets


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:RS 138 Intangible:RS 138 IntangibleAssetsssets

No mention.


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:RS 140 Investment:RS 140 InvestmentPropert iesroper t ies

No mention.


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involved in food manufacturing industry andholding the leading position in the snack foodand confectionery in Malaysia.

their product can be divided into four (4) broadcategories: Snack food Wafer

Potato snacks Bakery products


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RS 3 B iRS 3 B i


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The company complies with FRS 3.

Subsidiaries are consolidated using thepurchase method.


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:RS 117 :RS 117 Leaseseases Oriental Food Industries only incurred

operating lease.

The company comply with FRS 117


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For the year 2010, there is no event thatrelevant to investment in associates hadbeen classified for Oriental Food

Industries during the year.

RS 136 I i tRS 136 I i t


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:RS 136 Impairment:RS 136 ImpairmentAssetsssets

there is no any event relevant toimpairment of assets had been classifiedfor Oriental Food Industries during the

year.


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there is no any event relevant to intangibleassets had been classified for OrientalFood Industries during the year.


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:RS 140 Investment:RS 140 InvestmentPropert iesropert ies

The investment property is stated at costless any accumulated depreciation andimpairment losses.


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London

BiscuitsBerhad


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ain Activi tyain Activi ty

London Biscuits individually packed and ready to eat products can be divided into 2

:main categories namely

Corn based snacks;Cake products such

~ ,Swiss Rolls

~ ,Pie Cakes and~ Layer Cakes


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-THE CONSOLIDATED FINANCIALSTATEMENTS OF THIS COMPANYUSING THE PURCHASE METHOD OFACCOUNTING. -THIS COMPANY HAS FOLLOWEDFRS 3

:RS 3 Business Combinat ion:RS 3 Business Combinat ion


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:RS 117 :RS 117 Leaseseases

If the assets acquired by way of finance leases arestated at an amount equal to the lower of their fair values and the present value of the minimum lease

payments at the inception of the leases, lessaccumulated depreciation and impairment losses.

Operating lease payments are recognised as anexpense on a straight-line basis over the term of therelevant lease.


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RS 128RS 128 : nvestment in nvestment inAssociat ionssociat ion


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. .ontinued . .ontinued

: pa rmen sse s: pa rmen sse s


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pa rmen sse spa rmen sse s

Impairment is measured by comparing thecarrying values of the assets with their recoverable amounts.

An impairment loss is charged to the incomestatement immediately unless the asset is carriedat revalued amount.


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Other Intangible Asset

The cost of intangible assets acquiredin a business combination is their fair values as at the date of acquisition.

Intangible assets with indefinite usefullives are not amortised but tested for impairment annually or more frequently.

:RS 138 Intangible Assets:RS 138 Intangible Assets


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GOODWILL ON CONSOLIDATION

Goodwill on consolidation record in the consolidated balance sheet.

The impairment value of goodwill is recorded in the consolidatedincome statement.


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:RS 140 Inves tment:RS 140 Inves tment

Propert iesropert ies


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Spritzer Sdn Bhd


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&Background Main Activity&Background Main Activity

Taiping, Perak, in the late 1980s

Largest water manufacturing plant inMalaysia.

Types of products

-Mineral water,

-Sparkling natural mineral water,-Distilled drinking water

-Non-carbonated fruit flavoured dr ink
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Productsroducts

S 3 i


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Consolidated with subsidiaries usingacquisition method.

the company comply with FRS 3


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:RS 117 :RS 117 LeaseseasesIt is compliance to FRS117 para 31 because it has disclose the carryingamount of each asset at the balance sheet date.

:RS 136 Impairment:RS 136 Impairment


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RS 136 ImpairmentRS 136 ImpairmentAssetsssets

It is compliance with FRS 136 para 126with the carrying amount of assets arereviewed at the balance sheet date.

RS 128 I iRS 128 I i


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No mention.

RS 138 I iblRS 138 I ibl


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It is compliance to FRS 138 para 122,intangibleassets assessed as having an indefinite useful life.

RS 140 IRS 140 I


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:RS 140 Investment:RS 140 InvestmentPropert iesroper t ies

It is compliance to FRS 140 para 75 because this company is using the cost modeland fair value model.


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Manufacturing, marketing and sale of food products inMalaysia.

Categorize of products:-coffee and beverages

-culinary aids/prepared foods-milks-breakfast cereals-ice cream-chocolate-healthcare nutrition


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RS 3 B iRS 3 B i


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The cost of property, plant and equipmentrecognized as a result of a businesscombination is based on fair value at

acquisition date. Goodwill arises on business combinations and

is measured at cost less any accumulatedimpairment losses.

The company is comply with FRS 3


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:RS 117 :RS 117 Leaseseases Refer to note to the account No.11 & 23 The company is comply with FRS 117


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Cont


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RS 136 Impairment AssetsRS 136 Impairment Assets


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:RS 136 Impairment Assets:RS 136 Impairment Assets

Refer to note to the account No.3

RS 138 IntangibleRS 138 Intangible


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Refer to note to the account No.4


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onclusion onclusion


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onclusiononclusion FRS

REQUIREMENT

AJINAMOTO

ORIENTALFOOD

LONDO NBISCUITS

SPRITZERNESTLE

FRS 3 - YES YES YES YES

FRS 117 YES YES YES YES YES

FRS 128 YES - YES - YES

FRS 136 YES - YES YES YES

FRS 138 - - YES YES YES

FRS 140 - YES YES YES -

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