SecDisclosure Checklist

8/9/2019 SecDisclosure Checklist

1/35

1

SECURITIES AND EXCHANGE COMMISSION

FINANCIAL DISCLOSURES CHECKLIST

GENERAL INSTRUCTIONS

(a) Use of this Checkist

This Checklist should be completed in relation to financial statements prepared

in accordance with generally accepted accounting principles (GAAP) in the

Philippines.

(!) Co"te"ts of the Checkist

i. This checklist summaries the disclosures re!uired by "#C #ules $% and

$%.1& current "'A"A" in effect as of *anuary 1& +,,-& ecept "'A" 1/and 1/A& standards related to the banking industry. The checklist does noteplain the other accounting re!uirements of the "'A"A". n someinstances& to simplify use of the checklist& disclosure re!uirements ha0ebeen paraphrased& therefore if necessary& reference should be made tothe standards themsel0es for full details.

ii. n addition to the mandatory disclosure re!uirements this checklist

includes& in talics& the encouraged and suggested disclosure

re!uirements under current "'A"A".

iii# Sha$e$ a%eas i" the checkist a"$ Ite&s ' a"$ ' (A$$itio"a

$iscos*%es a"$ Sche$*es) a%e a++ica!e o", to %e+o%ti"-

co&+a"ies *"$e% the SRC. as foo/s0

'# Iss*e%s of %e-iste%e$ sec*%ities1

2# Liste$ co&+a"ies i" a" E3cha"-e1# 4*!ic co&+a"ies o% those /ith assets of at east Fift, Miio"

4esos (456.666.666#66) o% s*ch othe% a&o*"t as theCo&&issio" sha +%esc%i!e. a"$ ha7i"- T/o h*"$%e$ (266) o% &o%e ho$e%s each ho$i"- at east O"e h*"$%e$ ('66) sha%es of a cass of its e8*it, sec*%ities1

(c) Acco&+ish&e"t of the Checkist

ndicate the following responses in the appropriate boes and pro0ide a short

eplanation for all 2A3 answers4

5es 6 disclosure made7

2o 6 item present but disclosure not made7

or

2A 6 not applicable.


2/35

+

SECURITIES AND EXCHANGE COMMISSION

FINANCIAL DISCLOSURES CHECKLIST

'# Co&+o"e"ts of Fi"a"cia Re+o%ts 9ES NO N:A Re&a%ks

8oes the report contain the following9

: "tatement of ;anagement = > = > ?????????????

: "tatement of #epresentation (for first time filing) = > = > = > ?????????????

: #eport of ndependent Auditor = > = > = > ?????????????

: Comparati0e @alance "heets = > = > = > ?????????????

: Comparati0e ncome "tatements = > = > = > ?????????????

: Comparati0e "tatements of Changes in !uity = > = > = > ?????????????

: Comparati0e Cash 'low "tatements = > = > = > ?????????????

: General 2otes to 'inancial "tatements = > = > = > ?????????????

+. Are the financial statements stamped #CB83 by the @#9 = > = > = > ?????????????

# State&e"t of Ma"a-e&e"t;s Res+o"si!iit,

8id the Chairman of the @oard& CPresident& C'Treasurer&#esident Agent sign the "tatement of ;anagement = > = > ?????????????

8id the statement contain the following information4

: The financial statements ha0e been prepared in conformity

with generally accepted accounting principles = > = > = > ????????????? : ;anagement maintains a system of accounting and

reporting which pro0ides for the necessary internal

controls = > = > = > ????????????? : ;anagement has disclosed to the audit committee

and to its ternal Auditor significant deficienciesand weakness on internal control and fraud

committed by employees = > = > = > ?????????????

: @oard of 8irectors has re0iewed the financial statements = > = > = > ?????????????

: ndependent auditors were appointed by the stockholders. = > = > = > ?????????????

Fo% %e+o%ti"- co&+a"ies *"$e% the Sec*%ities Re-*atio" Co$e (SRC)

: ndependent auditor has been duly accredited by the "C = > = > = > ????????????? : The "tatement of ;anagement = > = > ?????????????

5# Re+%ese"tatio"s as to the A*$it

: 8oes the report state that the eamination was made in

accordance with generally accepted auditing standards9 = > = > = > ?????????????

: f the auditor has a scope limitation& did he designateany auditing procedure deemed necessary under thecircumstances of the particular case9 Dere thereha0e been omissions& did he disclosethe reasons for their omission9 = > = > = > ?????????????


3/35

E

9ES NO N:A Re&a%ks

= > = > ?????????????

: Das the opinion clear whether it is4

(a) Fn!ualified = > = > = > ????????????? (b) ualified = > = > = > ????????????? (c) 8isclaimer = > = > = > ?????????????

(d) Ad0erse = > = > = > ?????????????

=# Ge"e%a Discos*%es (see attache$)

># Acco*"ti"- 4oicies (see attache$)

?# I"co&e State&e"t a"$ Reate$ Notes (see attache$)

'6# @aa"ce Sheet a"$ Reate$ Notes (see attache$)

''# State&e"t of Cha"-es i" E8*it, (see attache$)

'2# Cash Fo/ State&e"t (see attache$)'# A$$itio"a Discos*%e Re8*i%e&e"ts fo%

Re+o%ti"- Co&+a"ies *"$e% the SRC (see attache$)

'# Sche$*es (see attache$)


4/35

=# GENERAL DISCLOSURES


5/35

-

Ge"e%a Discos*%es 9ES NO N:A Re&a%ks

1. 8id the financial statements include the following components9

(a) balance sheet7

(b) income statement7

(c) a statement showing either4

(i) all changes in e!uity7 or (ii)changes in e!uity ecept those arising from capital

transactions with owners and distributions to owners& a

statement of recognied gains and losses.

(d) cash flow statement7

(e) accounting policies7 and

(f) notes to the financial statements.

+. Dere the components of the financial statements clearly

identified9

E. Dere the following information prominently displayed and

repeated when it was necessary for a proper understanding

of the information presented9

(a) name of the reporting company or other means of

(b) identification7

(c) whether the financial statements co0er the indi0idual

company or a group7

(d) balance sheet date or the period co0ered by the financial

statements& whiche0er was appropriate to the related

component of the financial statements7

(e) reporting currency7 and

(f) le0el of precision (e.g. thousands or millions of the

reporting currency) used in the presentation of figures in

the financial statements.

-. Das there a disclosure whether the financial statements comply

with the generally accepted accounting principles in the

Philippines9

H. 8id the notes to the financial statements of the company4

(a) present information about4

i) the basis for the preparation of the financial statements7and

ii)the specific accounting policies selected and applied

for significant transactions and e0ents9

(b) disclose the information re!uired by "tatement of 'inancial

Accounting "tandards that are not presented elsewhere in

the financial statements9 and

(c) pro0ide additional information which are not presented on the

face of the financial statements but that are necessary for a

fair presentation9

$. n etremely rare cases& when management has concluded that

compliance with a re!uirement of an SFAS:IAS would bemisleading& and this departure from a re!uirement wasnecessary to achie0e a fair presentation& did the company

disclose the following in its financial report9

(a) That the management has concluded that the filed financial

statements fairly present tile company


6/35

H

(b) That it has complied in all material respects with the

applicable SFAS:IAS ecept that it departed from a"tandard in order to achie0e a fair presentation7

(c) The SFAS:IAS from which the company has departed& thenature of the departure& including the treatment that the"tandard would re!uire& the reason why that treatmentwould be misleading in the circumstances& and thetreatment actually adopted7 and

(d) The financial impact of the departure on the company


7/35

$

(c) its country of incorporation7

(d) the address of its registered office (or principal place of

business& if different from the registered office)7

(e) description of the nature of the company


8/35

I

># ACCOUNTING 4OLICIES

Acco*"ti"- 4oicies 9ES NO NARe&a%ks(A) Ge"e%a Discos*%es

1. 8oes the accounting policies section describe the following9

(a) the measurement basis (or bases) used in the accounts(e.g. historical cost& historical cost modified by there0aluation of certain nonKcurrent assets)7 and

(b) each specific accounting policy that is necessary for a

proper understanding of the financial statements.

+. f it is not practicable to use uniform accounting policies in

preparing the consolidated financial statements& is there a

disclosure of that fact and the proportions of the items to

which different accounting policies are applied9

E. f there were standards that ha0e been adopted by thereporting entity before the effecti0e date& is there a disclosure

to the effect9

-.n case there is a change in estimate& Dere the following

information disclosed9

(a) 2ature and amount of change in an

accounting estimate& if material7 or

(b) f it is not applicable to !uantify the amount of such

fact& state.

H. n case there is a correction of fundamental errors& Dere the

following information disclosed9

(a) f benchmark treatment is elected&

(i) The nature of the error7

(ii)The amount of the correction for the currentperiod and for each period presented7

(iii) The amount of the correction which relates toperiods prior to those included in the comparati0einformation7 and

(i0) (a) f comparati0e information has been restated&this fact should be made eplicit7 or

(b) f comparati0e information is not restated because

it is not practicable to do so& then this fact must bedisclosed.

(b) f allowed alternati0e treatment is elected&

(i) The nature of error7

(ii)The amount of the correction of the fundamentalerror& which is recognied in the net profit or lossfor the current period7

(iii) the amount of the correction of the fundamentalerror& which is included in each period for whichpro forma information is presented and the amountof correction relating to periods prior to thoseincluded in the pro forma information7 and

(i0) f it is not practicable to present proKforma

information.


9/35

%

(@) S+ecific 4oicies 9ES NO NA Re&a%ks1. Dere there disclosure on Consolidation principles& including

accounting for4(a) subsidiaries7 and

(b) associates9

+. s the policy on @usiness Combinations disclosed9

E. s the policy on *oint Bentures disclosed9

-. s the policy on 'oreign currency transactions and translationsdisclosed9

H. s the method of recognition and depreciationamortiation of

tangible and intangible assets disclosed9$. Dere the following information on Property& plant and

e!uipment L for each class& disclosed9(a) measurement basis (e.g. cost less depreciation& or

re0aluation less subse!uent depreciation)7(b) depreciation method (e.g. straight line)7(c) the useful li0es or the depreciation rate used7 and

(d) the estimated costs of restoring the site of items.

I. s the policy on 'inancial instruments and in0estments

disclosed9

%. s the policy on ther ntangible assets L for each class(distinguishing between internally generated and ac!uired

assets) disclosed9

/. s the amount of #esearch and de0elopment costs

disclosed9

1,. s the policy on @orrowing Cost (e.g. epensed or

capitalied as part of !ualifying asset) disclosed9

11. s the policy on n0estments& i.e. accounting policies

including determination of carrying amount& disclosed9

1+. s the policy on Meases disclosed9

1E. Dere there disclosures of policy on n0entories& including the

cost formula used (e.g. '' or weighted a0erage cost or asan alternati0e treatment& M' is used as the cost formula)9

1-. s the policy on Pro0isions& if any& disclosed9

1H. s the policy on Taes& including deferred taes& disclosed9

1$. s the policy on #e0enue recognition disclosed9

1I. s the policy on mployee benefit costs disclosed9

1%. s the policy on #etirement @enefit Plan disclosed91/. s the policy on nflation accounting disclosed9+,. Dere the methods adopted to determine the stage of

completion of transactions in0ol0ing the rendering of

ser0ices disclosed9

+1. s the policy on Construction contracts disclosed9

++. s there a definition of cash and cash e!ui0alents9

+E. Dere the following information on "egment reporting

(re!uired for publicregistered companies) disclosed9

(a) definition of business and geographical segments7 and

(b) the basis for allocation of costs between segments.

+-. f the parent


10/35

/

(C) Cha"-es i" Acco*"ti"- 4oic,

1. Dhere a change in accounting policy is made on the adoption

of an "'A"& were there disclosures as re!uired under the

specific transitional pro0isions of that "tandard9

+. f the !e"ch&a%k t%eat&e"t is adopted& is the opening

balance of retained earnings adJusted9

Dere comparati0e information restated (unless it isimpracticable to do so)9

Dhen the change in accounting policy has a material effect on

the current period or any prior period presented (or may ha0e

material effect in subse!uent periods)& does the entity disclose

the following4

(a) the reasons for the change7

(b) the amount of the adJustment for the current period andfor each period presented7

(c) the amount of the adJustment relating to periods prior tothose included in the comparati0e information7 and

(d) the fact that comparati0e information has been restatedor that this is impracticable.

E. f the ao/e$ ate%"ati7e t%eat&e"t is adopted& were

comparati0e information presented as reported in the financial

statements of the prior period9

Dere additional pro forma comparati0e information presented

unless it is impracticable to do so9

Dere the following disclosed9

(a) the reasons for the change7

(b) the amount of the adJustment recognied in net profit or loss for the current period7

(c) the amount of the adJustment included in each period for which proKforma information is presented and the amountof the adJustment relating to periods prior to thoseincluded in the financial statements7 and

(d) if it is impracticable to present pro forma information&

disclose that fact.

(D) IM4AIRMENT OF ASSETS

1. f an impairment loss for an indi0idual asset (or cashKgenerating unit) recognied or re0ersed during the period ismaterial to the financial statements of the reporting companyas a whole& were the following information disclosed9

a) the e0ents and circumstances that led to the recognition

or re0ersal of the impairment loss7b) the amount of the impairment loss recognied or

re0ersed7c) for an indi0idual asset4

i) the nature of the asset7 andii) the segment to which the asset belongs (based

on primary format)7d) for a cashKgenerating unit4

i. a description of the cash generating unit (suchas whether it is a product line& a plant& abusiness operation& a geographical area& areportable segment or other)7

ii. the amount of the impairment loss recogniedor re0ersed4

K by class of assets7 andK by reportable segment based onthe company


11/35

1,

aggregating assets and the reasons for

changing the way the cashKgenerating unit is

identified.

e) whether the reco0erable amount is its net selling price

or its 0alue in use7

f) if reco0erable amount is net selling price& the basis used

to determine net selling price (e.g. whether it was

determined by reference to an acti0e market or in some

other way)7 andg) if reco0erable amount is 0alue in use& the discount rates

used in current estimate and pre0ious estimate (if any)

of 0alue in use.

+. f the total impairment losses recognied or the totalimpairment losses re0ersed during the period were materialin aggregate to the financial statements of the reportingcompany as a whole& were the following items disclosed for those impairment losses (re0ersals) for which noinformation is disclosed under "'A" E$9

a) the main classes of assets affected by impairmentlosses (or re0ersals of impairment losses)7 and

b) the main e0ents and circumstances that led to the

recognition (re0ersal) of these impairment losses.

(E) ASSOCIATES

1. s there a listing and description of significant associates&showing the proportion of ownership interest& and if different&the proportion of 0oting power held9

+. s there a separate disclosure under longKterm assets for

Associates accounted for using the e!uity method9

E. f the n0estments in Associates account include goodwill

(less accumulated amortiation) on the ac!uisition of the

in0estment in the associate& is it disclosed9

-. Although not re!uired by "'A" +%& it is useful to disclose thefollowing for significant associates4

(a) reconciliation of mo0ements in the in0estment inassociates during the period7 and

(b) summaried financial data.

(F) OINT BENTURES

1. s there a listing and description of interests in significant Joint0entures and the proportion of ownership interest held in Jointly controlled entities9

+. s there a disclosure on the aggregate amount of each of thefollowing items related to the entity


12/35

11

-. Dere the following information disclosed separately from

other commitments9

(a) any capital commitments of the 0enturer in relation toits interests in Joint 0entures and its share in the capitalcommitments that ha0e been incurred Jointly with other 0enturers7 and

(b) its share of the capital commitments of the

Joint 0entures themsel0es.

H. 'or a 0enturer which does not issue consolidated financialstatements& because it does not ha0e subsidiaries& is there a

disclosure of information re!uired by "'A" E1.-H L -I9

(G) SU@SIDIARIES

Dere the following items disclosed in consolidated financialstatements9

(a) a listing of significant subsidiaries& including4K name7K country of incorporation or residence7 and- proportion of ownership interest and& if different&

proportion of 0oting power held7(b) the reasons for not consolidating a subsidiary7(c) the nature of the relationship between the parent and a

subsidiary of which the parent does not own& directly or indirectly through subsidiaries& more than one half of the 0oting power held7 and

(d) the name of a company in which more than one half of the 0oting power is owned& directly or indirectly throughsubsidiaries& but which& because of the absence of control& is not a subsidiary.

(H) RELATED 4ART9 TRANSACTIONS

1. Dhere there ha0e been transactions between related parties&

were the following information disclosed9

(a) nature of related party relationships7

(b) types of transactions (e.g. goods or ser0icessoldpurchased& management ser0ice& directors<remuneration and emoluments& loans& guaranteesetc.)7 and

(c) elements of transactions necessary for anunderstanding of the financial statements& including4: 0olume of the transactions during the period (the

amounts or alternati0ely appropriate proportions)7: outstanding items L i.e. balances at year end (the

amounts or alternati0ely appropriate proportions)7: pricing policies (e.g. whether the arm


13/35

1+

() CONTINGENT LIA@ILITIES AND CONTINGENT ASSETS

(a) s there a brief description of the nature of each class of contingent liability9 (unless the possibility of any outflowin settlement is remote)

s there a disclosure of an estimate of its financial effect&

an indication of the uncertainties relating to the amount or

timing of the outflow& and the possibility of any

reimbursement9

(b) Dhere an inflow of economic benefits is probable& is

there a brief description of the nature of the contingent

assets as the balance sheet date9 s the estimate of their

financial effect disclosed9

(c ) Dhere a company does not disclose any of the foregoing

information is not practical to do so& is that fact

disclosed9

(d) n the e0ent that the foregoing information were notdisclosed due to etremely rare circumstances and if disclosure of some or all of the foregoing information

would preJudiced seriously the position of the company ina dispute with other parties& on the subJect matter of thecontingent liability or contingent asset& were the followingdisclosed instead9

(i) general nature of the dispute7

(ii) reason why& the information has not been disclosed

by the company.

(K) EBENTS AFTER THE @ALANCE SHEET DATE

s there a disclosure on the amount of di0idends that wereproposed or declared after the balance sheet date but before thefinancial statements were authoried for issue9

(L) Disco"ti"*i"- o+e%atio"s K if an initial disclosure e0ent occursafter the balance sheet date but before the financial statements

were authoried for issue& were there disclosures prepared as

re!uired by "'A" EH.+I9

(M) Ea%"i"-s +e% sha%e (E4S)0

(a) f there is a bonus issuecapitaliationshare

splitre0erse split occurring after the balance sheet

date& does the P" calculation incorporate this e0ent9

(b) Dere there other postKbalance sheet transactions in

shares disclosed9

(C) CONSTRUCTION CONTRACTS1. Are the following accounting policies disclosed9

(a) the methods used to determine the contract re0enuerecognied in the period7 and

(b) the methods used to determine the stage of completion

of contracts in progress.

+ s the amount of contract re0enue recognied as re0enue in the

period disclosed9

E 'or construction contracts in progress& are the following

information disclosed9

(a) the aggregate amount of costs incurred and recogniedprofits (less recognied losses) to date7

(b) the amount of ad0ances recei0ed7 and

(c) the amount of retentions.

-. Are the following presented on the balance sheet9

(a) the gross amount due from customers for contract work asan asset7 and

(b) the gross amount due to customers for contract work as a

liability.


14/35

1E

(D) DISCONTINUING O4ERATIONS 9ES NO NA Re&a%ks1. Are disclosures in paragraphs + to I below presented

separately for each discontinuing operation9

+. nitial disclosures L 8id the company disclose in the financialstatements beginning with the period in which the initialdisclosure e0ent occurs& up to and including the period inwhich the discontinuance was completed (either on the face

of the financial statements or in the notes)9(a) a description of the discontinuing operation7(b) the business or geographical segment(s) in which it is

reported7(c) the date and nature of the initial disclosure e0ent7(d) the date or period in which the discontinuance is

epected to be completed (if known or determinable)7(e) the carrying amounts& as of the balance sheet date& of the

total assets and the total liabilities to be disposed of.

2ote L nitial disclosure e0ent is the earlier of the following two

e0ents4 (a) entering into a binding sale agreement& or (b) appro0al

and announcement of a detailed plan for discontinuance.

E. f an initial disclosure e0ent occurs after the balance sheet

date but before the financial statements are authoried for

issue& is there an initial disclosures prepared as re!uired by

"'A" EH.+I (paragraph + abo0e)9

4. When a company disposes of assets or settlesliabilities attributable to a discontinuingoperation, or enters into binding agreementsfor the sale or settlement of such assets andliabilities, is there a disclosure on theamount of the pre-tax gain or loss recognizedon the disposal of assets/liabilities (mustbe disclosed on the face of the incomestatement)?

H. Fpdating disclosures L 8id the company include the following

in financial statements for periods subse!uent to the one in

which the initial disclosure e0ent occurs (in addition to the

disclosures abo0e)9

(a) a description of any significant changes in the amount or timing of cash flows relating to the assets and liabilities tobe disposed of or settled7 and

(b) the e0ents causing these changes.

$. f a company abandons or withdraws from a plan that was

pre0iously reported as a discontinuing operation& is there a

disclosure on the fact and its effects9

I. 8id the company restate the comparati0e information for pre0ious periods that is presented in financial statements

prepared after the initial disclosure e0ent (i.e. segregatecontinuing and discontinuing items in a manner similar to that

re!uired by "'A" EH.+I L -E)9

(E) FUNDAMENTAL ERRORS

1. f the !e"ch&a%k t%eat&e"t is adopted& is there anadJustment to the opening balance of retained earnings tocorrect a fundamental error that relates to prior periods9 sthere a restatement on the comparati0e information9 f it isimpracticable& is there a disclosure9 Are the followingdisclosures made9

(a) the nature of the fundamental error7

(b) the amount of the correction for the current period and for each prior period presented7

(c) the amount of the correction relating to periods prior tothose included in the comparati0e information7 and

(d) the fact that comparati0e information has been restatedor that it is impracticable to do so.

+. f the ao/e$ ate%"ati7e t%eat&e"t is adopted& is the

comparati0e information presented as proKforma additional

information9 f it is impracticable to do so& is there a


15/35

1-

disclosure9 Are the following disclosures made9

(a) the nature of the fundamental error7

(b) the amount of the correction recognied in net profit or loss for the current period7

(c) the amount of the correction included in each period for which pro forma information is presented and the amountof the correction relating to periods prior to thoseincluded in the pro forma information7 and

(d) if applicable& the fact that it is impracticable to present proforma information.

(F) UNCERTAINTIES A@OUT GOING CONCERN

1. s there a disclosure on material uncertainties relating toe0ents or conditions& which may cast significant doubt uponthe company


16/35

1H

?# @ALANCE SHEET

@aa"ce Sheet (a"$ Reate$ Notes) 9ES NO NA Re&a%ks

8oes it contain a co&+a%ati7e (t/o,ea%) state&e"t9

s comparati0e information presented for the pre0ious period9

Dhen the presentation or classification of items in the balance

sheet is amended4

a. does the entity reclassify comparati0e amounts and disclose4

L the nature of the reclassification7

L the amount of the reclassification7 and

L the reason for the reclassification7

b. if reclassification of comparati0e amounts is impracticable&

does the entity disclose4

L the reason for not reclassifying7 and

L the nature of the changes that would ha0e been made if

amounts were reclassified.

(A) Ge"e%a Discos*%es

1. Dere the following line items included in the face of thebalance sheet9

(a) cash and cash e!ui0alents7(b) financial assets7(c) trade and other recei0ables7(d) in0entories7(e) property& plant and e!uipment7(f) in0estments accounted for using the e!uity method7(g) ntangible assets7

(h) trade and other payables7(i) ta liabilities and assets7(J) pro0isions7(k) nonKcurrent interestKbearing liabilities7(l) minority interests7 and(m) issued capital and reser0es (e.g. ordinary shares&

share premium& treasury shares& fair 0alue reser0es&translation differences and retained earnings).

+. s there a disclosure& either on the face of the balance sheetor in the notes to the balance sheet& a further subKclassifications of the line items presented& classified in amanner appropriate to the company


17/35

1$

8isclose the following amounts recognied during the period4

(a) allowance for doubtful accounts7

(b) re0ersal of allowances for doubtful accounts.

+. Dhere any of the abo0e items combine current and nonK

current amounts& is there a disclosure on the amount of the

nonKcurrent portion& which is epected to be reco0ered or

settled after more than 1+ months9

(C) INBENTOR9

1. Dere the n0entories subKclassified by main categoriesappropriate to the company9

'or eample4 L raw materials7 L work in progress7 and L finished goods.

+. s the carrying amount of in0entories carried at lower of

cost or net realiable 0alue9

2ote4 8isclosure of the pro0ision for obsolete or slow mo0ing

in0entories does not alter the need to disclose in0entories atnet realiable 0alue.

E. s the amount of& and circumstances or e0ents leading to&

re0ersal of writeKdowns of in0entories (arising from an

increase in net realiable 0alue) recognied as income9

-. s the carrying amount of in0entories pledged as security for

liabilities disclosed9

H. f M' is used& is there a disclosure of the difference between

the carrying 0alue of in0entories stated using M' and either4

1) the lower of net realiable 0alue and cost on '' or

weighted a0erage cost basis7 or

+) the lower of net realiable 0alue and current cost9

$. Dhere any of the abo0e items combine current and nonK

current amounts& is there a disclosure on the amount of thenonKcurrent portion& which is epected to be reco0ered or

settled after more than 1+ months (see "'A" 1.H/)9

I. 8o the financial statements disclose either4

a. the cost of in0entories recognied as an epense

during the period7 or

b. the operating costs& applicable to re0enues& recognied

as an epense during the period& classified by their

nature (as eplained in "'A" -A" +.E/).

%. Dere the following disclosures pro0ided4

(a) 8eclines subse!uent to balance sheet date in market prices

of in0entory not protected by firm sales contracts.

(b) Changes in pricing methods and the effects thereof7

(c) Fnusual purchase commitments and accrued net losses& if any& on such commitments. (Mosses which are epected toarise from firm and uncancellable commitments for thefuture purchase of in0entory items should& if material& berecognied in the accounts and separately disclosed in the

income statement)7

(d) The amount of any substantial and unusual writeKdowns.


18/35

1I

(D) OTHER CURRENT ASSETS

Dere the amounts in ecess of fi0e per cent (H) of total current

assets stated separately9 (The remaining items may be shown in

one amount.)

(E) 4RO4ERT9 4LANT AND EUI4MENT (44E)

1. s there a disclosure for each class of PP& the gross carrying

amount and the accumulated depreciation (includingaccumulated impairment losses) at the beginning and end of

the period9

+. s there a reconciliation of the carrying amount in respect of each class of PP at the beginning and end of the periodshowing4a) additions7b) disposals7c) ac!uisitions through business combinations7d) increases or decreases during the period resulting from

re0aluations and from impairment losses recognied or re0ersed directly in e!uity under "'A" E$7

e) impairment losses recognied during the period7

f) impairment losses re0ersed during the period7g) depreciation7h) echange differences from the retranslation of PP of

foreign entities7i) transfers between class of PP (e.g. from PP under

construction to land and buildings)7 and J) other mo0ements9

E. 'or PP stated at re0alued amounts& were the following items

disclosed9

a) basis used to re0alue assets7b) effecti0e date of re0aluation7c) whether an independent 0aluer was in0ol0ed7d) nature of any indices used to determine replacement

cost7 ande) the carrying amount of each class of PP that would

ha0e been included in the financial statements had theassets been carried at cost less depreciation.

-. s there a disclosure on the eistence and amounts of PP

whose title is restricted9

H Dere the amounts of property& plant and e!uipment pledged

as security for Miabilities indicated9

$. s the amount of ependitures on account of PP in the

course of construction disclosed9

I. 'or borrowing costs& were the following information

disclosed9

a) the amount of borrowing costs capitalied during the

period7 and

b) the capitaliation rate used to determine the amount of

borrowing costs eligible for capitaliation.

%. 'or each class of asset that were the subJect of finance

leases& is the net carrying amount disclosed9

/. As encouraged& were the following 0oluntarily disclosed9

a) the carrying amount of temporarily idle PP7

b) the gross carrying amount of any fully depreciated PP

that is still in use7

c) the carrying amount of PP retired from acti0e use and

held for disposal7 and

d) when PP is carried at cost less depreciation& the fair

0alue of PP if this is materially different from the

carrying amount.


19/35

1%

(F) OTHER LONGTERM INBESTMENTS

(n0estments in bonds and other debt securities& longKtem funds

and other in0estments)

"tate separately by class of in0estments any items in ecess of

fi0e per cent (H) of total assets.

(G) INDE@TEDNESS OF OR ADBANCES TO

UNCONSOLIDATED SU@SIDIARIES AND RELATED 4ARTIES

Dere nonKcurrent ad0ances to unconsolidated subsidiaries and

related parties shown separately under this caption9

(H) INTANGI@LE ASSETS

1. n the case of each class of intangible asset& were the

following disclosed9

(a) The useful li0es or the amortiation rates used7

(b) The amortiation methods used7(c) The gross carrying amount and the accumulated

depreciation (aggregate with accumulated impairment)

at the beginning and at the end7(d) The line item(s) of the income statement in whichthe amortiation of intangible assets is included7

(e) A reconciliation of the carrying amount at the beginning andthe end of the period showing4

(i) Additions& indicating separately those from internal

de0elopment and through business combinations7

(ii) #etirements and disposals7(iii) ncreases or decreases resulting from re0aluations

and from impairment losses recognied or re0erseddirectly in e!uity (if any)7

(i0) mpairment losses recognied in income statement(if any)7

(0) mpairment losses re0ersed in the income statement(if any)7

(0i) Amortiation recognied7(0ii)2et echange differences arising on translation of

financial statements of a foreign entity7 and

(0iii)ther changes in carrying amount.

+. Dere the following additional disclosures with respect to

intangible assets pro0ided9

(a) f the amortiation period of more than twenty years isused to amortie an intangible asset& the reasons whythe presumption that the useful life will not eceedtwenty years will be rebutted. The company shoulddescribe the factors that were instrumental indetermining the useful life of more than twenty years7

(b) n the case of an indi0idual intangible asset that is materialto the financial statements as a whole& a description& the

carrying amount& and the remaining amortiation period7

c) n the case of intangible assets ac!uired by way& of ago0ernment grant and initially recognied at fair 0alue4the fair 0alue initially recognied for these assets& theircarrying amounts& and whether they are carried underthe benchmark treatment or the allowed alternati0etreatment for subse!uent measurements7

(d) The eistence and the carrying amount of intangibleassets pledged as security for liabilities7 and

(e) The amount or commitments for the ac!uisition of

intangible assets.

E. n the case of intangible assets carried under the allowedalternati0e method (i.e.& at re0alued amounts)& are the

following disclosures pro0ided9

(a) @y class of intangible assets4 the effecti0e date of the

re0aluation& the carrying amount of re0alued intangible

assets& and the carrying amount that would ha0e been


20/35

1/

included had the re0alued intangible assets beencarried under the benchmark treatment (i.e.& at costless accumulated depreciation)7 and

(b) The !uantum of re0aluation surplus that relates tointangible assets at the beginning and the end of theperiod& indicating the changes during the period and anyrestrictions on the distributions of the balance toshareholders.

-. The financial statements should disclose the aggregate

amount of research and de0elopment ependiture

recognied as an epense during the period.

s there a separate disclosure for each maJor class of intangible

assets& such as goodwill& franchises& patents& copyrights& licenses&

secret processes& subscription lists& nonKcompetition agreements&

and trademarks (if material in amount)9 They may be shown under a

separate caption following property plant and e!uipment in the nonK

current section of the balance sheet or under ther Assets.

s there a disclosure on the basis of determining their respecti0e

amounts9

(I) OTHER ASSETS

Dere those items which are in ecess of H of total assets

stated separately9

() TRADE AND OTHER 4A9A@LES1. Dere payables disclosed in a manner appropriate to the

company


21/35

+,

(L) DEFERRED TAX LIA@ILITIES AND ASSETS

1. Dere ta assets and ta liabilities presented separatelyfrom other assets and liabilities9 Dere deferred taassets and liabilities distinguished from those arisingfrom current ta epense9

+. f a classified balance sheet is presented& were deferredta assets and liabilities included in current assets andliabilities9

E. Current ta assets and ta liabilities should not be offsetunless there is a legally enforceable right of offset andthe company intends to settle on a net basis& or torealie the asset and settle the liability simultaneously.

-. Dere deferred ta assets and ta liabilities relating todifferent Jurisdictions presented separately9

H. 8eferred ta assets and ta liabilities relating to differentcompanies in a group& which are taed separately bythe taation authorities should not be offset unless thereis a legally enforceable right of offset.

$. Dhen utiliation of deferred ta assets is dependentupon future profitability in ecess of amounts from there0ersals of taable temporary differences& and the

entity has incurred losses in either the current or preceding period& is the amount of deferred ta assetdisclosed together with the nature of any e0idence of itsrealiability9

(M) 4ROBISIONS

1. Dere the following disclosed for each class of pro0ision9

(a) The carrying amount at the beginning and end of the period7

(b) Additional pro0isions made during the currentperiod& including increases to eisting pro0isions7

(c) Amounts utilied (e.i.& incurred and charged againstthe pro0ision) during the period7

(d) Fnused amounts re0ersed during the period7 and(e) The increase during the period in the discounted

amount resulting from the passage of time and theeffect of any change in discount rate.

+. Dere the following disclosed9

(a) A brief description of the nature of the obligation and the

epected timing of resulting outflows of economic benefits7

(b) An indication of any uncertainties about the amount ortiming of those outflows. Dhere necessary& disclosure ofmaJor assumptions made concerning future e0ents7 and

(c) The amount of any unepected reimbursement&disclosing any asset that has been recognied for thatepected reimbursement.

E. n etremely rare circumstances where some or all of the

foregoing disclosures are epected to preJudice seriously theposition of the company in a dispute with other parties and

which the company need not disclose such information& werethe following information disclosed instead9

(a) the general nature of the dispute7

(b) and reason why the information has not been disclosed.

(N) OTHER LONGTERM LIA@ILITIES

Dere those items not properly classified in one of the precedingliability captions (such as deferred income taes and other longK

term deferred credits)& which is in ecess of H percent of total

liabilities& stated separately9


22/35

+1

(O) Leases – from the Standpoint of a Lessee

. !or finance leases

Are the following information disclosed9

a. 'or each class of asset& the net carrying amount at

balance sheet date7

b. A reconciliation between the total of minimum leasepayments at the balance sheet date& and their present0alue. n addition& an enterprise should disclose thetotal of the minimum lease payments at the balancesheet date& their present 0alue& for each of thefollowing periods4

(1) 8ue in one year or less&(+) 8ue in more than one but no more than fi0e

years& and(E) 8ue in more than fi0e years.

c. Contingent rents included in profit or loss for theperiod.

d. The total of minimum sublease payments to berecei0ed in the future under nonKcancelable subleases

as of the balance sheet date.e. A general description of the lesseeNs significant leasing

arrangements including& but not necessarily limited tothe following4

(1) The basis for determining contingent rentals7

(+) The eistence and terms of renewal or purchase options and escalation clauses7 and

(E) #estrictions imposed by lease arrangementssuch as on di0idends or assumptions of further debt or further leasing.

". !or operating leases


a. Total of the future minimum lease payments under nonK

cancelable operating leases for each of the following

periods4

(l) 8ue in one year or less7

(+) 8ue in more than one year but no more thanfi0e years7 and

(E) 8ue in more than fi0e years.

b. The total of future minimum sublease payments

epected to be recei0ed under nonKcancelable

subleases at the balance sheet date7

c. Mease and sublease payments included in profit or loss for the period& with separate amounts of

minimum lease payments& contingent rents& and

sublease payments7

d. A general description of the lesseeNs significant

leasing arrangements including& but not necessarily

limited to the following4

(1) The basis for determining contingent rentals&

(+) The eistence and terms of renewal or purchase options and escalation clauses& a

(E) #estrictions imposed by lease arrangementssuch as on di0idends or assumption of further debt or on further leasing.

(P)Leases- from the Standpoint of Lessor

1. 'or finance leases


23/35

++


a. A reconciliation between the total gross in0estment

in the lease at the balance sheet date& and thepresent 0alue of minimum lease payments

recei0able as of the balance sheet date&categoried into

(1) Those due in one year or less7

(+) Those due in more than one year but not morethan fi0e years7 and

(E) Those due beyond fi0e years.

b. Fnearned finance income

c. The accumulated allowance for uncollectible

minimum lease payments recei0able.

d. Total contingent rentals included in income.

e. A general description of the lessorNs significant

leasing arrangements.

+. 'or operating leases

Are the following epanded disclosures pro0ided9

a. 'or each class of asset& the gross carrying amount&

the accumulated depreciation and accumulated

impairment losses at the balance sheet date&

including

(1) 8epreciation recognied in income for the period7

(+) mpairment losses recognied in income for theperiod7

(E) mpairment losses re0ersed in income for the

period.

b. 8epreciation recognied on assets held for operating lease use during the period.

c. 'uture minimum lease payments under nonK

cancelable operating leases& in the aggregate and

classified into

(1) Those due in no more than one year7

(+) Those due in no more than one but not more thanfi0e years7 and(E) Those due in more than fi0e years.

d. Total contingent rentals included in income for the

period.

e. A general description of leasing arrangements to

which it is a party.


24/35

+E

'6#INCOME STATEMENT

I"co&e State&e"t (a"$ Reate$ Notes) 9ES NO NA Re&a%ks

8oes it contain a comparati0e (twoKyear) statement9

n case of a reporting company under the "#C& does it contain a

comparati0e (threeKyear) statement9

(A) Ge"e%a Discos*%e

1. Dere the following items included in the face of the incomestatement9(a) re0enue7

(b) analysis of costs7

(c) operating profit or loss7

(d) finance cost7

(e) share of profits and losses of associates and Joint 0entures

accounted for using the e!uity method7

(f) profit or loss from ordinary acti0ities before ta7

(g) ta epense

(h) profit or loss from ordinary acti0ities after ta7

(i) etraordinary items (if any)7

(J) minority interest7 and

(k) net profit or loss for the period.

+. s the amount of di0idends per share& declared or proposed

disclosed either on the face of the income statement or (more

usually) in the notes9

E. s there a disclosure on the nature and amount of a change in

an accounting estimate that has a material effect in thecurrent period or which is epected to ha0e a material effect

in subse!uent periods9 f it is impracticable to !uantify theamount& is such fact disclosed9

(@) I"$i7i$*a Ite&s

1. s there a disclosure on the amount of each significantcategory of re0enue recognied during the period includingre0enue arising from4(a) the sale of goods7

(b) the rendering of ser0ices7

(c) interest7

(d) royalties7 and

(e) di0idends9

+. Dere the amounts of re0enue arising for echanges of goods

or ser0ices included in each significant category of re0enue9

E. Dere the items below re0enue using a classification based on

either the nature of epense or their function within the

company analyed either on the face of the income statementor in the notes to the income statement9

f analyed by nature of epense& does this comprise4

(a) other operating income7(b) changes in in0entories of finished goods and work inprogress7

(c) raw materials and consumables used7(d) staff costs7(e) depreciation and amortiation epense7 and(f) other operating epenses9


25/35

+-

Dere the foregoing items presented9

f analyed by function of epense& does this comprise4

(a) cost of sales7(b) gross profit7(c) other operating income7(d) distribution costs7(e) administrati0e epenses7 and(f) other operating epenses9

-. 'or companies classifying epenses by function& were

additional information on the nature of epenses& including

the following& disclosed9

(a) depreciation and amortiation epense7 and

(b) staff costs.

H. s the nature and amount of other items resulting from

ordinary acti0ities that are of such sie& nature or incidence

that their disclosure is rele0ant to eplain the company


26/35

+H

in0estments in subsidiaries& branches& and associates&

and interests in Joint 0entures& for which deferred taliabilities ha0e not been recognied7

g. 'or each type of temporary difference& and for eachtype of unused ta loss or unused credit& the amount of deferred ta asset and liability recognied in thebalance sheet and the amount of deferred ta epenseor benefit recognied in the income statement& unlessotherwise apparent from changes in the balance sheet

accounts7 andh. Dith regard to discontinued operations& the ta

epense relating to the gain or loss on discontinuanceand the ta epense on the profit or loss from ordinaryacti0ities of the discontinued operation.

(C) E3t%ao%$i"a%, Ite&s

1. s the nature and amount of each etraordinary item disclosedseparately9 Birtually all incomeepenses were included inthe determination of net profitloss from ordinary acti0ities&only 0ery rare e0ents were classified as etraordinary items(e.g. epropriation of assets7 losses arising from a naturaldisaster).

+. s the share of etraordinary items (if any) of associates

indicated9

(E) Fi"a"ce Costs

s the amount of interest epense and amortiation of debt

discount and epenses for each of the following stated

separately in the face or in the notes to financial statements9

A. nterest on bonds& mortgages and other similar

longKterm debt

@. Amortiation of debt discount& epense or premiumC. ther interest.

(F) Othe% I"co&e

A. 8i0idends L s the amount of di0idends from the

following stated separately (if practicable)9

1. "ecurities of related parties and unconsolidated

subsidiaries&

+. ;arketable securities& andE. ther securities

@. !uity in earnings (losses) of unconsolidated

subsidiaries and in0estees L s the in0estorsN share of

earnings or losses of unconsolidated subsidiaries and

in0estees ordinarily shown as a single amount9

C. nterest ncome on "ecurities L s the amount of interestfrom the following stated separately (if practicable)9

1. "ecurities of related parties and unconsolidated

subsidiaries&

+. ;arketable securities andE. ther securities

8. Gain (loss) on "ecurities K f gain or loss on disposal of securities were shown separately& were gains& net of losses or 0ice 0ersa stated and the method followed indetermining the cost of securities sold& e.g.& QA0erageCostQ& Q'irstKnQ 'irstKutQ or Q"pecific dentification;ethod disclosed9Q

!. #iscellaneous $ %ere the material amountsof miscellaneous other income indicatingclearly the nature of the transactionsout of %hich the items arose statedseparately? #iscellaneous other income

may be stated net of miscellaneous incomedeductions or &ice &ersa, pro&ided thatany material amounts %ere set forth


27/35

+$

separately.

(G) Othe% E3+e"ses

Dere the ependitures with material amount or that which

constitutes 1, or more of the re0enue of the registrant stated

separately9

(H) S+ecific $iscos*%es o" the face of the state&e"t o% i"

the "otes

Dere the following items disclosed9

A. #esearch and de0elopment ependiture

recognied as an epense during the period7

and

@. The amount of foreign echange differences

included in the net profit or loss for the period.

(I) Reti%e&e"t @e"efit 4a"

Are the the following information disclosed9

1. A statement of changes in net assets a0ailable for benefits7

+. A summary of significant accounting policies7 andE. A description of the plan and the effect of any changes in

the plan during the period.

f applicable& are the following pro0ided9

1. A statement of net assets a0ailable for benefits disclosing

a. Assets at the end of the period suitably classified7b. The basis of 0aluation of assets7c. 8etails of any single in0estment eceeding either H

of the net assets a0ailable for benefits or H of anyclass or type of security7

d. 8etails of any in0estment in the employer7 ande. Miabilities other than the actuarial present 0alue of

promised retirement benefits.

+. A statement of changes in net assets a0ailable for

benefits showing the following4

a. mployer contributions7

b. mployee contributions7c. n0estment income such as interest and di0idends7d. ther income7e. @enefits paid or payable (analyed& for eample& as

retirement& death and disability benefits& and lumpKsum payments)7

f. Administrati0e epenses7g. ther epenses7h. Taes on income7i. Profits and losses on disposal of in0estments and

changes in 0alue of in0estments7 and J. Transfers from and to other plans7

E. A description of the funding policy7

-. 'or defined benefit plans& the actuarial present 0alue of promised retirement benefits (which may distinguishbetween 0ested benefits and non0ested benefits) basedon the benefits promised under the terms of the plan& onser0ice rendered to date and using either current salaryle0els or proJected salary le0els. This information may beincluded in an accompanying actuarial report to be readin conJunction with the related information7 and

H. 'or defined benefit plans& a description of the significant

actuarial assumptions made and the method used to

calculate the actuarial present 0alue of promised

retirement benefits.


28/35

+I

Are the following presented either as part of the financial

information or in a separate report9

1. The names of the employers and the employee groups

co0ered7

+. The number of participants recei0ing benefits and the

number of other participants& classified as appropriate7

E. The type of planRdefined contribution or defined benefit7

-. A note as to whether participants contribute to the plan7

H. A description of the retirement benefits promised to

participants7

$. A description of any plan termination terms7 and

I. Changes in items 1. through $. during the period co0ered

by the report.


29/35

+%

''# STATEMENT OF CHANGES IN STOCKHOLDERS; EUIT9

State&e"t of Cha"-es i" Stockho$e%s; E8*it, 9ES NO NA Re&a%ks




1. Dere the following items disclosed in the statement of

changes in shareholders< e!uity9

a) net profit or loss for the period7

b) each item of income and epense& gain or loss which&as re!uired by other "tandards& is recognied directly ine!uity& and the total of these items (e.g. re0aluation of certain nonKcurrent assets& currency translationdifferences)7

c) capital transactions with owners4(i)issue of share capital7 and(ii) purchase of own shares7

d) transaction costs& relating to issue of share capital&deducted from shareholders< e!uity7

e) distributions to owners (e.g. di0idends)7f) a reconciliation between the carrying amount at the

beginning and end of the period of the following items (separatelydisclosing each mo0ement)4

(i) each class of e!uity capital7(ii) share premium7(iii)own shares (treasury shares)7(i0) each reser0e in shareholders< e!uity including the

following4

$ re0aluation reser0e for property& plant ande!uipment7g) the e!uity con0ersion element of a con0ertible debt7 and

thecumulati0e effect of changes in accounting policy andthe correction of fundamental errors dealt with under thebenchmark treatment in "'A" 1E.

+. Dere the aggregate current and deferred ta relating to e!uity

items charged or credited to e!uity9 t is useful to disclose the

analysis by category of temporary differences.

E. Dere the following disclosures made for each class of share

capital either on the face of the balance sheet or in the notes9

(a) the number of shares authoried7

(b) the number of shares issued and fully paid& and issuedbut not fullypaid7

(c) par 0alue per share& or that the shares ha0e no par 0alue7(d) reconciliation of number of shares outstanding at

beginning and end of the year7(e) the rights& preferences and restrictions attaching to each

class of share capital including restrictions on thedistribution of di0idends and the repayment of capital7

(f) shares in the company held by the company itself or bysubsidiaries or associates of the company7 and

(g) shares reser0ed for issuance under options and sales

contracts& including the terms and amounts.

-. 'or a company without share capital& such as a partnership&

does it disclose information e!ui0alent to that re!uired abo0e&showing mo0ements during the period in each category of

e!uity interest and the rights& preferences and restrictionsattaching to each category of e!uity interest9


30/35

+/

'2# CASH FLO STATEMENT

Cash Fo/ State&e"t 9ES NO NA Re&a%ks




'# Ge"e%a 4%ese"tatio"

a. Dere cash flows classified by operating& in0esting and

financing acti0ities9

b. Dhat method is used under the cash flows from operating

acti0ities9

(i) the direct method& disclosing maJor classes of grosscash receipts or payments7 or

(ii) the indirect method& adJusting net profit and loss for the effects of4(1) any transactions of a nonKcash nature7

(+) any deferrals or accruals of past or futureoperating cash receipts or payments7 and

(E) items of income or epense associated with

in0esting or financing cash flows.

c. Cash flows from in0esting and financing acti0ities L weremaJor classes of gross cash receipts and gross cashpayments (ecept as noted in paragraph - below) stated

separately9 'or eample& proceeds from new borrowingsha0e to be displayed separately from repayments of

borrowings.

d. Dere cash flows arising from the following operating&in0esting or financing acti0ities reported on a net basis9

(i) cash receipts and payments on behalf of customerswhen the cash flows reflect the acti0ities of the

customer rather than hose of the company7 and

(ii) cash receipts and payments for items in which theturno0er is !uick& the amounts were large and the

maturities were short.

e. Dere in0esting and financing transactions that do notre!uire the use of cash and cash e!ui0alents ecludedfrom the cash flow statement9 s there a separate

disclosure on such nonKcash transactions in the note tothe cash flow statement9

(2) INDIBIDUAL ITEMS

a. Cash flows arising from taes on income4

(i) disclose taes paid7(ii) classify taes paid as cash flows from operating

acti0ities unless specifically identified with financingand in0esting acti0ities7 and(iii) when ta cash flows were allocated o0er more thanoneclass of acti0ity& disclose the total amount of taes

paid.

b. Cash flows from interest and di0idends4(i) interest recei0ed7(ii) interest paid7(iii) di0idends recei0ed7 and

(iv) di0idends paid.

Dere the abo0e items classified in a consistent manner from


31/35

E,

period to period as either operating& in0esting or financing

acti0ities9

c. Dere the following presented separately and classified as

in0esting acti0ities9

(i) aggregate cash flows arising from ac!uisitions7 and

(ii) disposals of subsidiaries or other business units

d. Dere cash flows associated with etraordinary items (if any)&

classified as arising from operating& in0esting or financingacti0ities as appropriate9

e. 8oes it disclose the following information for cash and cash

e!ui0alents9

(i) the components7 and

(ii) reconciliation of amounts in cash flow statement with

cash and cash e!ui0alents in balance sheet.

f. s there a disclosure on the amount of significant cash and

cash e!ui0alent balances held by the company that were not

a0ailable for use by the group& together with a commentary by

management9g. 8iscontinuing operation L is there a disclosure on the amounts

of net cash flows from4

(i) operating acti0ities7

(ii) in0esting acti0ities7 and(iii) financing acti0ities9

h. Dere the following additional information rele0ant in

understanding the financial position and li!uidity of a

company together with a commentary by management&

0oluntarily disclosed9

(i) the amount of undrawn borrowing facilities a0ailable for

future operating acti0ities and to settle capitalcommitments& indicating any restrictions as to the use

of these facilities7

(ii) the aggregate amounts of the cash flows from each of

operating& in0esting and financing acti0ities related to

interests in Joint 0entures reported using proportionate

consolidation7

(iii) the aggregate amount of cash flows that represent

increases in operating capacity separately from those

cash flows that were re!uired to maintain operating

capacity7 and

(iv) the amount of cash flows arising from the operating&

in0esting and financing acti0ities of each reported

industry and geographical segment.


32/35

E1

'# ADDITIONAL DISCLOSURES FOR RE4ORTING COM4ANIES UNDER THE SRC

A$$itio"a Discos*%es 9ES NO NA Re&a%ks

(A) SEGMENT RE4ORTINGGe"e%a $iscos*%es

1. s there a disclosure on the types of products and ser0ices

included in each reported business segment9

+. s there a disclosure on the composition of each reported

geographical segment9

4%i&a%, se-&e"t fo%&at1. s there a disclosure for each reportable segment in the

company


33/35

E+

$. Are the following additional disclosures by reportablesegment where the impairment loss recognied or re0ersedis material to the financial statements taken as a wholereported9(a) for an indi0idual asset4 the segment to which the asset

belongs& based on the primary format7 and(b) for a cashKgenerating unit4 description (e.g. whether it is

a geographical area or reportable segment under "'A"E1) and impairment loss recognied or re0ersed& by

reportable segment based on the primary format.

I. s there reconciliation between the information disclosed for reportable segments and the aggregated information in the

consolidated or company financial statements9 As aminimum& the following specific reconciliation re!uirements

apply4

(a) segment re0enue reconciled to company re0enue frometernal customers& including disclosure of Sother<re0enue (i.e. re0enue from eternal customers notincluded in any segment


34/35

EE

+. f the !*si"ess se-&e"ts are the secondary segmentformat& is there a disclosure on the following segmentinformation for each business segment where the re0enuesare 1, or more of total consolidated sales& or where theassets are 1, or more of total segment assets9

(a) segment re0enue from eternal customers7(b) total of segment assets7 and

(c) capital ependiture on property& plant ande!uipment and on intangible assets (determined on

an accruals basis& not a cash basis. This disclosureincludes both additions and ac!uisitions throughbusiness combinations including goodwill).

n relation to items 1 and + abo0e& it is useful to reconcile the

totals to the consolidated amounts.

Othe% $iscos*%es

1. Fnder "'A" E1 a business segment or geographical segmentfor which information is reported to the board of directors andchief eecuti0e officer is not a reportable segment if it earns amaJority of its re0enue from sales to other segments (oftenreferred to in practice as a S0ertically integrated segment


35/35

E-

9ES NO NA Re&a%ks

+. s there a separate disclosure of4(a) the amounts used as the numerators in calculating basic

and diluted earnings per share& and a reconciliation of

those amounts to the net profit or loss for the period7

(b) the weighted a0erage number of ordinary shares used as

the denominator in calculating basic and diluted earnings

per share7 and

(c) reconciliation of the denominators in (b) to each other9

E. n addition to basic and diluted earnings per share& did the

company disclose supplementary per share amounts using a

reported component of net profit other than the net profit or

loss for the period attributable to ordinary shareholders9

Are such amounts calculated using the weighted a0erage

number of ordinary shares determined in accordance with

"'A" +/9

f a component of net profit is used which is not reported as a

line item in the income statement& is there a reconciliation

pro0ided between the component used and a line item which

is reported in the income statement9

Are basic and diluted supplementary per share amounts

disclosed with e!ual prominence9

-. f the number of ordinary or potential ordinary sharesoutstanding increases as a result of capitaliation or bonus

issue or share split or decreases as a result of a re0erseshare split& is the calculation of basic and diluted earnings per

share for all periods presented adJusted retrospecti0ely9

f these changes occur after the balance sheet date but

before issue of the financial statements& is the per share

calculations for those and any prior period financial

statements presented based on the new number of shares9

Dhen per share calculations reflect such changes in the

number of shares& is the fact disclosed9

H. s a description of ordinary share transactions or potentialordinary share transactions& other than capitaliation issuesand share splits& which occurred after the balance sheet datewhen they are of such importance that nonKdisclosure would

affect the ability of users of the financial statements to makeproper e0aluations and decisions ("ee "'A" 1,)& pro0ided9

SecDisclosure Checklist

Documents

Transcript of SecDisclosure Checklist