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Notes to the Financial Statements
Sarawak Plantation Berhad is a public limited liability company, incorporated and domiciled in Malaysia and is listed on the Main
Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”). The addresses of the principal place of business and registered
office of the Company are as follows:
Principal place of business
Lot 1174, Block 9, MCLD, Miri Waterfront, Jalan Permaisuri, 98000 Miri, Sarawak.
Registered office
8th Floor, Wisma Naim, 2 ½ Miles, Rock Road, 93200 Kuching, Sarawak.
The consolidated financial statements of the Company as at and for the financial year ended 31 December 2012 comprise the
Company and its subsidiaries (together referred to as the “Group” and individually referred to as “group entities”) and the
Group’s interest in an associate. The financial statements of the Company as at and for the financial year ended 31 December
2012 do not include other entities.
The Company is principally engaged in investment holding while the principal activities of the subsidiaries are stated in Note 5.
These financial statements were authorised for issue by the Board of Directors on 24 April 2013.
1. Basis of preparation
(a)
Statement of compliance
The financial statements of the Group and Company have been prepared in accordance with Financial Reporting
Standards (“FRS”) and the Companies Act, 1965 in Malaysia.
The following are the accounting standards, amendments and interpretations that have been issued by the
Malaysian Accounting Standards Board (“MASB”) but have not been adopted by the Group and the Company:
Standard/Amendment/Interpretation
Effective date
Amendments to FRS 101,
Presentation of Financial Statements – Presentation of
Items of Other Comprehensive Income
1 July 2012
FRS 10,
Consolidated Financial Statements
1 January 2013
FRS 11,
Joint Arrangements
1 January 2013
FRS 12,
Disclosure of Interests in Other Entities
1 January 2013
FRS 13,
Fair Value Measurement
1 January 2013
FRS 119,
Employee Benefits (2011)
1 January 2013
FRS 127,
Separate Financial Statements (2011)
1 January 2013
FRS 128,
Investments in Associates and Joint Ventures (2011)
1 January 2013
IC Interpretation 20,
Stripping Costs in the Production Phase of a Surface Mine
1 January 2013
Amendments to FRS 7,
Financial Instruments: Disclosures – Offsetting Financial
Assets and Financial Liabilities
1 January 2013
Amendments to FRS 1,
First-time Adoption of Financial Reporting Standards –
Government Loans
1 January 2013
Amendments to FRS 1,
First-time Adoption of Financial Reporting Standards
(Annual Improvements 2009-2011 Cycle)
1 January 2013
Amendments to FRS 101,
Presentation of Financial Statements (Annual
Improvements 2009-2011 Cycle)
1 January 2013
Amendments to FRS 116,
Property, Plant and Equipment (Annual Improvements
2009-2011 Cycle)
1 January 2013
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SARAWAK PLANTATION BERHAD
ANNUAL REPORT 2012