FORGING AHEAD - Tradewinds Plantation Berhad

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2010
1. CORPORATE INFORMATION
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 registered office and principal place of business of the Company is located at Level 9, Menara HLA, No. 3, Jalan Kia
Peng, 50450 Kuala Lumpur.
The holding and ultimate holding company of the Company is Tradewinds (M) Berhad, a company incorporated in Malaysia
and listed on the Main Market of Bursa Malaysia Securities Berhad.
The financial statements are presented in Ringgit Malaysia (‘RM’), which is also the Company’s functional currency. All
financial information presented in RM have been rounded to the nearest thousand, unless otherwise stated.
The financial statements were authorised for issue in accordance with a resolution by the Board of Directors on 20 April 2011.
2. PRINCIPAL ACTIVITIES
The principal activities of the Company are investment holding and provision of management services to the subsidiaries.
The principal activities of the subsidiaries are set out in Note 9 to the financial statements.
There have been no significant changes in the nature of these activities during the financial year.
3. BASIS OF PREPARATION
The financial statements of the Group and of the Company have been prepared in accordance with applicable approved
Financial Reporting Standards (‘FRSs’) and the provisions of the Companies Act, 1965 in Malaysia except that Note 19(c) to
the financial statements has been prepared in accordance with Guidance on Special Matter No. 1, Determination of Realised
and Unrealised Profits or Losses in the Context of Disclosures Pursuant to Bursa Malaysia Securities Berhad Listing Requirements,
as issued by the Malaysian Institute of Accountants (‘MIA Guidance’) and the directive of Bursa Malaysia Securities Berhad.
4. SIGNIFICANT ACCOUNTING POLICIES
4.1 Basis of accounting
FINANCIAL STATEMENTS
The financial statements of the Group and of the Company have been prepared under the historical cost convention
except as otherwise stated in the financial statements.
The preparation of financial statements requires the Directors to make estimates and assumptions that affect the reported
amounts of assets, liabilities, revenue and expenses and disclosure of contingent assets and contingent liabilities. In
addition, the Directors are also required to exercise their judgment in the process of applying the accounting policies.
The areas involving such judgments, estimates and assumptions are disclosed in Note 6 to the financial statements.
Although these estimates and assumptions are based on the Directors’ best knowledge of events and actions, actual
results could differ from those estimates.
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
109