Frs Assignment

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TABLE OF CONTENTS
INTRODUCTION2
BACKGROUND OF COMPANIES3
HO HUP CONSTRUCTION COMPANY BERHAD3
TRADEWINDS COPORATION BERHAD4
KONSORTIUM TRANSIONAL BERHAD6
DUTCH LADY MILK INDUSTRIES BERHAD(subsidiary of Royal FrieslandCampina N.V)7
SUNWAY CITY BERHAD8
FRS 3 BUSINESS COMBINATIONS11
FRS 117 LEASES24
FRS 128 INVESTMENTS IN ASSOCIATES37
FRS 136 IMPAIRMENT OF ASSETS47
FRS 138 INTANGIBLE ASSETS57
FRS 140 INVESTMENT PROPERTY68
CONCLUSION83

INTRODUCTION

This is our project for the course BKAF3063 FINANCIAL ACCOUNTING AND REPORTING III. Beginning January 1, 2010, majority of the Malaysian Financial Reporting Standards (FRS) were amended in response to convergence with International Financial Reporting Standard (IFRS) which will be fully implemented in 2012. Our group will continue with the project based on five listed company in Bursa Malaysia annual report as bellow : 1.HO HUP CONSTRUCTION COMPANY BERHAD

2.TRADEWINDS COPORATION BERHAD
3.KONSORTIUM TRANSIONAL BERHAD
4.DUTCH LADY MILK INDUSTRIES BERHAD
5.SUNWAY CITY BERHAD

We are going to Identify and list the disclosure requirement as per FRSs for FRS3, 117, 128, 136 (para. 126 only), 138 (para. 118, 122 & 124 only) and 140 (para. 75 only) and analyze the compliance level for each of them.

BACKGROUND OF COMPANIES
HO HUP CONSTRUCTION COMPANY BERHAD

Ho Hup Construction Company was co-founded in 1960 by Mr Low Chee. It has grown to become one of the largest companies in construction and related services in Malaysia. On 25th February 1991, Ho Hup became a Public Public Limited Company listed on the main board of Bursa Malaysia. This significant step has led to the birth of the name of  Ho Hup Construction Company Berhad. The Group’s spectrum of activities now consist of three main divisions namely; property development, construction & civil engineering works and ready mix. Company’s information that significant with regards to the advantages of the company compared to their competitors are as follows: * Ho Hup Construction Company brings together a comprehensive range of capabilities in building, civil engineering, specialized intelligent building, trading, and related services. Ho Hup Construction Company also known as the company with a very comprehensive fleet of light and heavy modern construction equipment.  * Ho Hup Construction Company Berhad also plays a significant role in the world market for major engineering structures, civil engineering, dredging, road building and infrastructure projects. To date, Ho Hup Construction Company has successfully incorporated its subsidiaries in India, Madagascar, Mauritius, China, South Africa, Thailand and Indonesia. * Locally, Ho Hup Construction Company has completed numerous projects from both the private and government sectors for high-rise intelligent buildings, stadiums, airports, highway & bridges, railways & light rapid transit, off shore marine works, oil & gas works, commercial building development, deep foundation works and many more. * Ho Hup Construction Company is known as the company with vast involvement in national projects namely the Petronas Twin Towers, National Sports Complex, Kuala Lumpur International Airport (KLIA), Light Rail Transit System (LRT), Malaysia –Singapore second crossing and major highways. |  | TRADEWINDS COPORATION BERHAD

Formerly known as Pernas International Holdings Berhad and changed its name to Tradewinds Corporation Berhad in July 2004. Tradewinds Corporation Berhad was founded in 1965 and is headquartered in Kuala Lumpur, Malaysia. Listed on the Main Market of Bursa Malaysia Securities Berhad with core business interests in hotels, investment properties and property development Company’s information that significant with regards to the advantages of the company compared to their competitors are as follows: * It engages in the ownership and management of hotels primarily in Malaysia and Singapore....
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