8/6/2019 PRESENTATION FAR 3.
1/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
2/66
PPTPPT
Consumer industriesConsumer industries
Ajinomoto (Malaysia) Berhad
Oriental Food Industries Holding Berhad
London Biscuits BerhadSpritzer Sdn Bhd
Nestle (Malaysia) Berhad
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/8/6/2019 PRESENTATION FAR 3.
3/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
4/66
PPTPPT
AJINOMOTO
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/8/6/2019 PRESENTATION FAR 3.
5/66
PPTPPT
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.
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/http://www.51ppt.com.cn/8/6/2019 PRESENTATION FAR 3.
6/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
7/66
PPTPPT
:RS 3 Business:RS 3 BusinessCombinat ionombinat ion
No mention.
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/8/6/2019 PRESENTATION FAR 3.
8/66
PPTPPT
:RS 117 :RS 117 Leaseseases
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/8/6/2019 PRESENTATION FAR 3.
9/66
PPTPPT
:RS 128 Investment in:RS 128 Investment inAssociat ionssociat ion
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/8/6/2019 PRESENTATION FAR 3.
10/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
11/66
PPTPPT
:RS 136 Impairment:RS 136 ImpairmentAssetsssets
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/8/6/2019 PRESENTATION FAR 3.
12/66
PPTPPT
:RS 138 Intangible:RS 138 IntangibleAssetsssets
No mention.
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/8/6/2019 PRESENTATION FAR 3.
13/66
PPTPPT
:RS 140 Investment:RS 140 InvestmentPropert iesroper t ies
No mention.
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/8/6/2019 PRESENTATION FAR 3.
14/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
15/66
PPTPPT
Main ActivityMain Activity
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
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/8/6/2019 PRESENTATION FAR 3.
16/66
PPTPPT
RS 3 B iRS 3 B i
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/8/6/2019 PRESENTATION FAR 3.
17/66
PPTPPT
:RS 3 Business:RS 3 BusinessCombinat ionombinat ion
The company complies with FRS 3.
Subsidiaries are consolidated using thepurchase method.
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/8/6/2019 PRESENTATION FAR 3.
18/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
19/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
20/66
PPTPPT
:RS 117 :RS 117 Leaseseases Oriental Food Industries only incurred
operating lease.
The company comply with FRS 117
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/8/6/2019 PRESENTATION FAR 3.
21/66
8/6/2019 PRESENTATION FAR 3.
22/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
23/66
PPTPPT
:RS 128 Investment in:RS 128 Investment inAssociat ionssociat ion
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
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/8/6/2019 PRESENTATION FAR 3.
24/66
PPTPPT
:RS 136 Impairment:RS 136 ImpairmentAssetsssets
there is no any event relevant toimpairment of assets had been classifiedfor Oriental Food Industries during the
year.
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/8/6/2019 PRESENTATION FAR 3.
25/66
PPTPPT
:RS 138 Intangible:RS 138 IntangibleAssetsssets
there is no any event relevant to intangibleassets had been classified for OrientalFood Industries during the year.
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/8/6/2019 PRESENTATION FAR 3.
26/66
PPTPPT
:RS 140 Investment:RS 140 InvestmentPropert iesropert ies
The investment property is stated at costless any accumulated depreciation andimpairment losses.
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/8/6/2019 PRESENTATION FAR 3.
27/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
28/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
29/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
30/66
PPTPPT
London
BiscuitsBerhad
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/8/6/2019 PRESENTATION FAR 3.
31/66
PPTPPT
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
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/8/6/2019 PRESENTATION FAR 3.
32/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
33/66
PPTPPT
-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
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/8/6/2019 PRESENTATION FAR 3.
34/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
35/66
PPTPPT
: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.
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/8/6/2019 PRESENTATION FAR 3.
36/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
37/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
38/66
PPTPPT
RS 128RS 128 : nvestment in nvestment inAssociat ionssociat ion
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/8/6/2019 PRESENTATION FAR 3.
39/66
PPTPPT
. .ontinued . .ontinued
: pa rmen sse s: pa rmen sse s
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/8/6/2019 PRESENTATION FAR 3.
40/66
PPTPPT
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.
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/8/6/2019 PRESENTATION FAR 3.
41/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
42/66
PPTPPT
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
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/8/6/2019 PRESENTATION FAR 3.
43/66
PPTPPT
GOODWILL ON CONSOLIDATION
Goodwill on consolidation record in the consolidated balance sheet.
The impairment value of goodwill is recorded in the consolidatedincome statement.
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/8/6/2019 PRESENTATION FAR 3.
44/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
45/66
PPTPPT
:RS 140 Inves tment:RS 140 Inves tment
Propert iesropert ies
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/8/6/2019 PRESENTATION FAR 3.
46/66
PPTPPT
Spritzer Sdn Bhd
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/8/6/2019 PRESENTATION FAR 3.
47/66
PPTPPT
&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
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/http://www.51ppt.com.cn/8/6/2019 PRESENTATION FAR 3.
48/66
PPTPPT
Productsroducts
S 3 i
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/8/6/2019 PRESENTATION FAR 3.
49/66
PPTPPT
:RS 3 Business:RS 3 BusinessCombinat ionombinat ion
Consolidated with subsidiaries usingacquisition method.
the company comply with FRS 3
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/8/6/2019 PRESENTATION FAR 3.
50/66
PPTPPT
: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
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/8/6/2019 PRESENTATION FAR 3.
51/66
PPTPPT
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
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/8/6/2019 PRESENTATION FAR 3.
52/66
PPTPPT
:RS 128 Investment in:RS 128 Investment inAssociat ionssociat ion
No mention.
RS 138 I iblRS 138 I ibl
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/8/6/2019 PRESENTATION FAR 3.
53/66
PPTPPT
:RS 138 Intangible:RS 138 IntangibleAssetsssets
It is compliance to FRS 138 para 122,intangibleassets assessed as having an indefinite useful life.
RS 140 IRS 140 I
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/8/6/2019 PRESENTATION FAR 3.
54/66
PPTPPT
: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.
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/8/6/2019 PRESENTATION FAR 3.
55/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
56/66
PPTPPT
Main ActivityMain Activity
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
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/8/6/2019 PRESENTATION FAR 3.
57/66
PPTPPT
RS 3 B iRS 3 B i
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/8/6/2019 PRESENTATION FAR 3.
58/66
PPTPPT
:RS 3 Business:RS 3 BusinessCombinat ionombinat ion
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
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/8/6/2019 PRESENTATION FAR 3.
59/66
PPTPPT
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/8/6/2019 PRESENTATION FAR 3.
60/66
PPTPPT
:RS 117 :RS 117 Leaseseases Refer to note to the account No.11 & 23 The company is comply with FRS 117
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/8/6/2019 PRESENTATION FAR 3.
61/66
PPTPPT
Cont
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/8/6/2019 PRESENTATION FAR 3.
62/66
RS 136 Impairment AssetsRS 136 Impairment Assets
8/6/2019 PRESENTATION FAR 3.
63/66
PPTPPT
:RS 136 Impairment Assets:RS 136 Impairment Assets
Refer to note to the account No.3
RS 138 IntangibleRS 138 Intangible
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/8/6/2019 PRESENTATION FAR 3.
64/66
PPTPPT
:RS 138 Intangible:RS 138 IntangibleAssetsssets
Refer to note to the account No.4
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/8/6/2019 PRESENTATION FAR 3.
65/66
onclusion onclusion
8/6/2019 PRESENTATION FAR 3.
66/66
PPTPPT
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 -
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/