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Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
1.
Corporate information
The principal activities of the Company are those of investment and property holding. The principal activities of the subsidiaries
and the associates are described in Notes 41 and 42, respectively.
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on the Main Market
of Bursa Malaysia Securities Berhad. The principal place of business of the Company is located at Suite 4.1, Level 4,
Block C, Plaza Damansara, No. 45, Jalan Medan Setia 1, Bukit Damansara, 50490 Kuala Lumpur.
The holding company is BHR Enterprise Sdn. Bhd., a company incorporated in Malaysia.
2.
Significant accounting policies
2.1 Basis of preparation
The financial statements of the Group and of the Company have been prepared in accordance with Financial Reporting
Standards (“FRSs”) and the requirements of the Companies Act, 2016 in Malaysia.
The financial statements of the Group and of the Company have been prepared on a historical cost basis except as
disclosed in the accounting policies below.
The financial statements are expressed in Ringgit Malaysia (“RM”) and all values are rounded to the nearest thousand
(RM’000) except where otherwise indicated.
2.2 Changes in accounting policies arising from adoption of new FRSs and amendments to FRSs
(a) Changes in accounting policies
The accounting policies adopted are consistent with those of the previous financial year except as follows:
On 1 April 2017, the Group and the Company adopted the following new and amended FRSs and IC Interpretation
mandatory for annual financial periods beginning on or after 1 January 2017.
Description
Effective for
financial period
beginning
on or after
Annual Improvements to FRSs 2014-2016 Cycle
1 January 2017
Amendments to FRS 107: Disclosure initiative
1 January 2017
Amendments to FRS 112: Recognition of deferred tax assets for unrealised losses
1 January 2017
The adoption of the above new standards and interpretations do not have significant impact on the financial
statements of the Group and of the Company.
Notes to the financial statements
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