Financial Statements - Mewah Group

More documents

Recommendations

Info

MEWAH INTERNATIONAL INC. ANNUAL REPORT 2011 Notes to the Financial Statements For the financial year ended 31 December 2011 37. Events occurring after statement of financial position date On 13 February 2012, the Company’s wholly-owned subsidiary, Hua Guan Inc., through its wholly-owned subsidiary Hua Guan Oleo (S) Pte Ltd, has incorporated a company in the United Arab Emirates, Mewah Oils FZE with registered share capital of AED1,000,000 (US$272,000). 38. New or revised accounting standards and interpretations Below are the mandatory standards, amendments and interpretations to existing standards that have been published, and are relevant for the Group’s accounting periods beginning on or after 1 January 2012 or later periods and which the Group has not early adopted: Amendments to FRS 101 – Secure Hyperinflation and Removal of Fixed Prices of First-time Adopters (effective for annual periods beginning on or after 1 July 2011) Amendments to FRS 107 Disclosures – Transfers of Financial Assets (effective for annual periods beginning on or after 1 July 2011) The management anticipates that the adoption of the above FRSs, INT FRSs and amendments to FRS in the future periods will not have a material impact on the financial statements of the Group and of the Company in the period of their initial adoption. 39. Authorisation of consolidated financial statements These consolidated financial statements were authorised for issue in accordance with a resolution of the Board of Directors of Mewah International Inc. on 15 March 2012. 124
Building Capabilities Notes to the Financial Statements For the financial year ended 31 December 2011 40. Listing of companies in the Group Name of companies Country of incorporation Principal activities Principal country of operation Equity holding 2011 2010 % % Directly held by the Company One Marthoma (CI) Inc. (j) Cayman Islands Investment holding Subsidiaries of One Marthorma (CI) Inc. Cayman Islands 100 100 Mewah Oleo Malaysia Sdn Bhd (b) Malaysia Investment holding Padat Gaya Sdn Bhd (c) Malaysia Investment holding Malaysia 100 100 Malaysia 100 100 MOI International (Australia) Pty Ltd (e) Australia Trading Australia 83.4 83.4 Ngo Chew Hong Corporation Pte Ltd (a) (Held by the Company w.e.f. 01 June 2011) Singapore Investment holding Singapore - 100 Agri Kurnia Sdn. Bhd. (j) (m) Malaysia Investment holding Malaysia 100 - Subsidiaries of Mewah Oleo Malaysia Sdn Bhd Mewah-Oils Sdn Bhd (b) Malaysia Manufacturing and selling of palm oil products Ngo Chew Hong Oils & Fats (M) Sdn Bhd (b) Malaysia Refining and selling of palm oil products Moi Foods Malaysia Sdn Bhd (b) Malaysia Manufacturing and selling of downstream palm oil products Container Fabricator (M) Sdn Bhd (b) Malaysia Manufacturing of plastic containers Malaysia 100 100 Malaysia 100 100 Malaysia 100 100 Malaysia 100 100 125
Page 1 and 2:
Building Capabilities Contents 44.
Page 3 and 4:
Building Capabilities Directors’
Page 5 and 6:
Building Capabilities Statement by
Page 7 and 8:
Building Capabilities Consolidated
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Building Capabilities Notes to the
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32: Building Capabilities Notes to the
Page 81: Building Capabilities Notes to the
show all

Financial Statements - Mewah Group

Create successful ePaper yourself

Delete template?

Save as template?