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SINGAPORE Illustrative Financial Statements 2007

The Singapore Illustrative Financial Statements illustrates best practice disclosures, updated to comply with the latest requirements of the Singapore Companies Act, Singapore Financial Reporting Standards (FRS) and the Singapore Exchange Limited (SGX) Listing Manual, applicable to companies with a financial year ending on 31 December 2007.

This publication reflects FRSs in issue at 30 September 2007 that are required to be applied by an entity with a financial year beginning on 1 January 2007. FRSs that are effective for financial years beginning after 1 January 2007 have not been adopted early in preparing these illustrative financial statements.

The most significant accounting changes in 2007 are the implementation of FRS 107 Financial Instruments: Disclosures and FRS 40 Investment Property. While FRS 40 only impacts companies that have investment property, FRS 107 is applicable to all companies, regardless of the size or industry, that have financial instruments.”

Click HERE to download the full document (2.82 MB)

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$50 (inclusive of GST at the prevailing rate). Please contact your regular KPMG contacts.

		More Information For bulk orders or more information, please contact Wong Woon Ling at +65 6213 2669 The book is also available at the KPMG Singapore office.