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Singapore Illustrative Financial Statements 2005

There are several significant new FRSs being implemented for the first time from 1 January 2005. At the same time, improvements to thirteen existing FRSs are also being implemented. The new and the improved standards are Singapore's adoption of the new and the improved International Financial Reporting Standards issued by the International Accounting Standards Board. The new standards include FRS 102 Share-based Payment, FRS 103 Business Combinations, FRS 105 Non-current Assets Held for Sale and Discontinued Operations and FRS 39 Financial Instruments: Recognition and Measurement.

The main objective of this publication is to assist Singapore incorporated companies to comply with the disclosure requirements of the Singapore Companies Act, Chapter 50, Financial Reporting Standards (FRS) and where applicable, the SGX-ST Listing Manual. It illustrates one possible format for presenting annual financial statements of a listed company as at 31 December 2005.

Contents
1. About this publication (131 KB)
   
2. Financial Statements (285 KB)
   
3. Notes to the Financial Statements (827 KB)
   
4. FRS and INT FRS Extant and Comparison with IFRS (243 KB)
   
5. Additional Illustrative Disclosures (462 KB)
   
6. Directors’ Report and Auditors’ Report (368 KB)
   
7. Order Form (93 KB)
   
8. Revisions (327 KB) - Since the publication of IFS 2005 in August 2005, the Council on Corporate Governance and Disclosure has issued new Financial Reporting Standards and Interpretations which are not yet effective. An index of the revisions and the revised pages are available for download.

While care has been taken in the preparation of this publication, reference to accounting standards and other authoritative material should be made, and specific advice sought, in respect of any particular transaction or specific circumstances. No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by KPMG Singapore or any member of KPMG International.

Copies of this publication are available to any individual, organisation or group at a charge of S$110 (inclusive of GST at the prevailing rate). Please contact any KPMG office.

		More Information For bulk orders or more information, please contact Wong Woon Ling at +65 6213 2618 The book is also available at the KPMG Singapore office.