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PUTRAJAYA INTERNATIONAL CONVENTION CENTRE SDN. BHD.

BALANCE SHEETS
As at 31 December 2015

2015 Ranking
MPERS vs MFRS MPERS
RM MFRS

NON-CURRENT ASSETS
MFRS 116; Section 17; Property, plant and equipment
- Initial measurement: at cost - Initial measurement: at cost
- Subsequent measurement: - Subsequent measurement:
Property, plant and equipment 3,343,470 L - to provides an option to measure PPE at the depreciated cost model or - at cost less accumulated depreciation & accumulated impairment losses
the depreciated revaluation model
- The 2015 amendments provides an option to use the COST model or the
revaluation

MFRS112; Section 29; Income Tax

As describe in MPERS - Uses a temporary difference approach to recognise tax asset and tax liabilities
Deferred taxation 352,049 VL - To apply balance sheet method to account for deferred taxes
- Recognition of deferred tax assets for unused tax losses and tax credit is
based on the extent that it is probable future taxable profit will be available
againts which the unused tax credit and losses can be utilised.
3,695,519
CURRENT ASSETS

MFRS 102 Section 13; Inventories


- Measure at the lower cost and estimated selling price less cost to
As describe in MPERS complete and sell.
Inventories 2,239,923 N
- FIFO or weighted average cost formula for all items of inventories

- All entities must comply with the disclosure requirement.

Section 11, Financial Instrument: Recognition Measurement and


Trade receivables 3,323,796 M MFRS 139, Hedge Accounting
- Deals with basic financial instrument and its apllicable to all private
Other receivables and prepayments 6,216,375 M - 4 categories of financial assets: entities
- Basic instruments are include cash, debts instrument, commitments to
Cash and bank balances 205,915 M a. Financial asset at fair value though profit or loss receive loans and etc.

- Initial Measurement: at the transaction price (including transaction costs,


11,986,009 b. Held - to - maturity investment except for instrument measured at fair value through profit or loss)

c. loans and receivables - Subsequent Measurement:


a. Debts instruemnt: at amortised cost using the effective interest
d. available-for-sale assets. methood;
- For financial assets, the measurement model is fair value except for HTM b. Commitments to receive a loan: at cost less impairment
and L&R which must measured at amortised cosr model
CURRENT LIABILITIES

- For financial liabilities, the measurement is generally at amortised cost


Trade payables 11,988,913 M except for those held for trading, financial guarantees and commitments. c. Investment in non-convertible preference share and non-puttable
ordinary or preference share: at fair value through profit or loss if the
shares are publicly traded or their fair value can be measured reliably.

Other payables and accruals 2,800,717 M - The initial measurement is at fair value which is an exit - requires impairment test at the end of each period for
14,789,630 price the financial assets measured at cost or amortised cost.

NET CURRENT LIABILITIES (2,803,621)

891,898

CAPITAL AND RESERVE

Share capital 7,500,002 M


Accumulated losses (6,608,104)
891,898

N No difference
VL Very low level
L Low level
M Medium level
H High level
VH Very high level
PUTRAJAYA FLORIA SDN. BHD,
BALANCE SHEETS
As at 31 December 2015

2015 Ranking
MPERS vs MFRS MPERS
RM MFRS

NON-CURRENT ASSETS
MFRS 116; Section 17; Property, plant and equipment
- Initial measurement: at cost - Initial measurement: at cost
- Subsequent measurement: - Subsequent measurement:
Property, plant and equipment 334,772 L - to provides an option to measure PPE at the depreciated cost model or - at cost less accumulated depreciation & accumulated impairment losses
the depreciated revaluation model
- The 2015 amendments provides an option to use the COST model or the
revaluation

MFRS112; Section 29; Income Tax

As describe in MPERS - Uses a temporary difference approach to recognise tax asset and tax liabilities
Deferred taxation 58,838 VL - To apply balance sheet method to account for deferred taxes
- Recognition of deferred tax assets for unused tax losses and tax credit is
based on the extent that it is probable future taxable profit will be available
againts which the unused tax credit and losses can be utilised.
393,610
CURRENT ASSETS

Section 11, Financial Instrument: Recognition Measurement and


Trade receivables 38,301 M MFRS 139, Hedge Accounting
- Deals with basic financial instrument and its apllicable to all private
Other receivables and prepayments 341,220 M - 4 categories of financial assets: entities

Amount owing by holding company 89,997 VL


- Basic instruments are include cash, debts instrument, commitments to
Cash and bank balances 353,243 M a. Financial asset at fair value though profit or loss receive loans and etc.

- Initial Measurement: at the transaction price (including transaction costs,


822,761 b. Held - to - maturity investment except for instrument measured at fair value through profit or loss)

c. loans and receivables - Subsequent Measurement:


a. Debts instruemnt: at amortised cost using the effective interest
d. available-for-sale assets. methood;

- For financial assets, the measurement model is fair value except for HTM b. Commitments to receive a loan: at cost less impairment
CURRENT LIABILITIES and L&R which must measured at amortised cosr model

- For financial liabilities, the measurement is generally at amortised cost


Trade payables 6,112,524 M except for those held for trading, financial guarantees and commitments.
c. Investment in non-convertible preference share and non-puttable
ordinary or preference share: at fair value through profit or loss if the
shares are publicly traded or their fair value can be measured reliably.
- requires impairment test at the end of each period for the financial assets
Other payables and accruals 157,878 M - The initial measurement is at fair value which is an exit price measured at cost or amortised cost.

Taxation 5,908 VL MFRS112; Section 29; Income Tax


- Requires entity to recognise a current tax liability for tax payable on
6,276,310 As describe in MPERS current taxable income
- The taxable income is calculated based on the provisions of Income Tax
Act 1967.

NET CURRENT LIABILITIES (5,453,549)

(5,059,939)

CAPITAL AND RESERVE

Share capital 100,000 M


Accumulated losses (5,159,939)
(5,059,939)

Section 124 Section 33; Related Party Disclosure


- Uses the criteria of control, joint control and significant influence to identify - Requires disclosure of the control relationships between holding and
a related party disclosure. sibsidiary.
- The scope of relationships is specified and its includes individual persons - Requires disclosure of the amount of outstanding balances and their term
and close family members. and conditions, including whether they are secured, the nature of the
consideration to be provided in settlement.
- Control relationships of holding and subsidiaries shall be disclosed. - There no significant changes compared to MFRS 124

N No difference
VL Very low level
L Low level
M Medium level
H High level
VH Very high level
MARINA PUTRAJAYA SDN. BHD.
BALANCE SHEETS
As at 31 December 2015

2015 Ranking
MPERS vs MFRS MPERS
RM MFRS

NON-CURRENT ASSETS
MFRS 116; Section 17;
- Initial measurement: at cost - Initial measurement: at cost
- Subsequent measurement: - Subsequent measurement:
Property, plant and equipment 882,446 L - to provides an option to measure PPE at the depreciated cost model or - at cost less accumulated depreciation & accumulated impairment losses
the depreciated revaluation model
- The 2015 amendments provides an option to use the COST model or the
revaluation
882,446
CURRENT ASSETS

Section 11, Financial Instrument: Recognition Measurement and Hedge


Trade receivables 2,070,620 M MFRS 139, Accounting
- Deals with basic financial instrument and its apllicable to all private
Other receivables and prepayments 325,465 M - 4 categories of financial assets: entities
- Basic instruments are include cash, debts instrument, commitments to
Cash and bank balances 15,722,510 M a. Financial asset at fair value though profit or loss receive loans and etc.

- Initial Measurement: at the transaction price (including transaction costs,


18,118,595 b. Held - to - maturity investment except for instrument measured at fair value through profit or loss)

c. loans and receivables - Subsequent Measurement:


a. Debts instruemnt: at amortised cost using the effective interest
d. available-for-sale assets. methood;

- For financial assets, the measurement model is fair value except for HTM b. Commitments to receive a loan: at cost less impairment
CURRENT LIABILITIES and L&R which must measured at amortised cosr model

- For financial liabilities, the measurement is generally at amortised cost


Trade payables 20,264 M except for those held for trading, financial guarantees and commitments.
c. Investment in non-convertible preference share and non-puttable
ordinary or preference share: at fair value through profit or loss if the
shares are publicly traded or their fair value can be measured reliably.
- requires impairment test at the end of each period for the financial assets
Other payables and accruals 15,345,877 M - The initial measurement is at fair value which is an exit price measured at cost or amortised cost.

Amount owing to holding company 953,599 Section 124 Section 33; Related Party Disclosure

- Uses the criteria of control, joint control and significant influence to identify - Requires disclosure of the control relationships between holding and
VL a related party disclosure. sibsidiary.
VL
- The scope of relationships is specified and its includes individual persons - Requires disclosure of the amount of outstanding balances and their term
and close family members. and conditions, including whether they are secured, the nature of the
consideration to be provided in settlement.
- Control relationships of holding and subsidiaries shall be disclosed. - There no significant differences compared to MFRS 124

Hire purchase payable 43,610 MFRS 117 Section 20; Lease


- Uses "Risk and Reward" approach to the classification of leases.
- A lease is classified as a finance lease if it is transfers substantially all the
risk and rewaards incidental to ownership.
- If the lease do not meet the transfer of risk and reward, there will classified
VL as operating lease.
- For finance lease, a lessee shall capitalised the leased asset and the
corresponding the lease liability.
- The subsequent measurement of the lease liabilty is at amortised coast
effective interest method in ehich is finance charge is allocated to each
period using a constant rare of interest.
- No option is provided for approximation such as sum of digit method
- Lease payments are recognised as expenses

Taxation 296,050 MFRS 112 Section 29


- There was no significant differences between Section 29 & MFRS 112 - Requires entity to recognise a current tax liability for tax payable on
16,659,400 VL current taxable income
- The taxable income is calculated based on the provisions of Income Tax
Act 1967.

NET CURRENT ASSETS 1,459,195

NON-CURRENT LIABILITIES

Hire purchase payable 1,076 VL - Same as above - - Same as above -

Deferred taxation 37,871 MFRS112; Section 29;

38,947 As describe in MPERS - Uses a temporary difference approach to recognise tax asset and tax liabilities
- To apply balance sheet method to account for deferred taxes
- Recognition of deferred tax assets for unused tax losses and tax credit is
based on the extent that it is probable future taxable profit will be available
againts which the unused tax credit and losses can be utilised.

2,302,694

CAPITAL AND RESERVE

Share capital 1,000,000 M


Accumulated losses 1,302,694
2,302,694
-
N No difference
VL Very low level
L Low level
M Medium level
H High level
VH Very high level
PENGANGKUTAN AWAM PUTRAJAYA TRAVEL & TOURS SDN. BHD.
BALANCE SHEETS
As at 31 December 2015

2015 Ranking
MPERS vs MFRS MPERS
RM MFRS

NON-CURRENT ASSETS
MFRS 116; Section 17;
- Initial measurement: at cost - Initial measurement: at cost
- Subsequent measurement: - Subsequent measurement:
Property, plant and equipment 240,968 L - to provides an option to measure PPE at the depreciated cost model or - at cost less accumulated depreciation & accumulated impairment losses
the depreciated revaluation model
- The 2015 amendments provides an option to use the COST model or the
revaluation
240,968
CURRENT ASSETS

Section 11, Financial Instrument: Recognition Measurement and Hedge


Trade receivables 2,316,623 M MFRS 139, Accounting
- Deals with basic financial instrument and its apllicable to all private
Other receivables and prepayments 273,856 M - 4 categories of financial assets: entities

Amount owing by holding company 61,935 VL


Fixed deposits 274,009 M
- Basic instruments are include cash, debts instrument, commitments to
Cash and bank balances 314,610 M a. Financial asset at fair value though profit or loss receive loans and etc.

- Initial Measurement: at the transaction price (including transaction costs,


3,241,033 b. Held - to - maturity investment except for instrument measured at fair value through profit or loss)

c. loans and receivables - Subsequent Measurement:


a. Debts instruemnt: at amortised cost using the effective interest
d. available-for-sale assets. methood;

- For financial assets, the measurement model is fair value except for HTM b. Commitments to receive a loan: at cost less impairment
CURRENT LIABILITIES and L&R which must measured at amortised cosr model

- For financial liabilities, the measurement is generally at amortised cost


Trade payables 5,117,582 M except for those held for trading, financial guarantees and commitments.
c. Investment in non-convertible preference share and non-puttable
ordinary or preference share: at fair value through profit or loss if the
shares are publicly traded or their fair value can be measured reliably.
- requires impairment test at the end of each period for the financial assets
Other payables and accruals 620,013 M - The initial measurement is at fair value which is an exit price measured at cost or amortised cost.

Hire purchase payable 37,104 MFRS 117 Section 20; Lease


- Uses "Risk and Reward" approach to the classification of leases.

VL
- A lease is classified as a finance lease if it is transfers substantially all the
risk and rewaards incidental to ownership.
- If the lease do not meet the transfer of risk and reward, there will classified
as operating lease.
VL - For finance lease, a lessee shall capitalised the leased asset and the
corresponding the lease liability.
- The subsequent measurement of the lease liabilty is at amortised coast
effective interest method in ehich is finance charge is allocated to each
period using a constant rare of interest.
- No option is provided for approximation such as sum of digit method
- Lease payments are recognised as expenses

NET CURRENT ASSETS (2,533,666)

NON-CURRENT LIABILITIES

Hire purchase payable 12,357 VL - Same as above - - Same as above -

Deferred taxation 24,403 MFRS112; Section 29;

36,760 As describe in MPERS - Uses a temporary difference approach to recognise tax asset and tax liabilities
- To apply balance sheet method to account for deferred taxes
- Recognition of deferred tax assets for unused tax losses and tax credit is
based on the extent that it is probable future taxable profit will be available
againts which the unused tax credit and losses can be utilised.

(2,329,458)

CAPITAL AND RESERVE

Share capital 200,000 M


Accumulated losses (2,529,458)
(2,329,458)
-
Section 124 Section 33; Related Party Disclosure
- Uses the criteria of control, joint control and significant influence to identify - Requires disclosure of the control relationships between holding and
a related party disclosure. sibsidiary.
- The scope of relationships is specified and its includes individual persons - Requires disclosure of the amount of outstanding balances and their term
and close family members. and conditions, including whether they are secured, the nature of the
consideration to be provided in settlement.
- Control relationships of holding and subsidiaries shall be disclosed. - There no significant changes compared to MFRS 124

N No difference
VL Very low level
L Low level
M Medium level
H High level
VH Very high level
PJ HOTELS & RESORT SDN. BHD.
BALANCE SHEETS
As at 31 December 2015

2015 Ranking
MPERS vs MFRS MPERS
RM MFRS

NON-CURRENT ASSETS
-
CURRENT ASSETS

MFRS 102 Section 13; Inventories


- Measure at the lower cost and estimated selling price less cost to
As describe in MPERS complete and sell.
Inventories 369,061 N
- FIFO or weighted average cost formula for all items of inventories

- All entities must comply with the disclosure requirement.

Section 11, Financial Instrument: Recognition Measurement and


Trade receivables 1,228,517 M MFRS 139, Hedge Accounting
- Deals with basic financial instrument and its apllicable to all private
Other receivables and prepayments 378,791 M - 4 categories of financial assets: entities

Fixed deposits 1,872,151 M


- Basic instruments are include cash, debts instrument, commitments to
Cash and bank balances 1,321,332 M a. Financial asset at fair value though profit or loss receive loans and etc.

- Initial Measurement: at the transaction price (including transaction costs,


5,169,852 b. Held - to - maturity investment except for instrument measured at fair value through profit or loss)

c. loans and receivables - Subsequent Measurement:


a. Debts instruemnt: at amortised cost using the effective interest
d. available-for-sale assets. methood;
- For financial assets, the measurement model is fair value except for HTM b. Commitments to receive a loan: at cost less impairment
and L&R which must measured at amortised cosr model

CURRENT LIABILITIES

- For financial liabilities, the measurement is generally at amortised cost


Trade payables 4,364,673 M except for those held for trading, financial guarantees and commitments.
c. Investment in non-convertible preference share and non-puttable
ordinary or preference share: at fair value through profit or loss if the
shares are publicly traded or their fair value can be measured reliably.

Other payables and accruals 2,266,489 M - The initial measurement is at fair value which is an exit price - requires impairment test at the end of each period for

the financial assets measured at cost or amortised cost.


1,736,395 -Section 124
Uses the criteria of control, joint control and significant influence to identify Section 33; Related
- Requires Party
disclosure ofDisclosure
control relationships
the amount between
of outstanding holding
balances andterm
and their
Amount owing to holding company 8,367,557
VL a related party disclosure. sibsidiary.
and conditions, including whether they are secured, the nature of the
consideration to be provided in settlement.
- The scope of relationships is specified and its includes individual persons
- Control
and close relationships
family members.of holding and subsidiaries shall be disclosed. - There no significant differences compared to MFRS 124

NET CURRENT LIABILITIES (3,197,705)

(3,197,705)

CAPITAL AND RESERVE

Share capital 5,000,000 M


Accumulated losses (8,197,705)
(3,197,705)
-
N No difference
VL Very low level
L Low level
M Medium level
H High level
VH Very high level