Illustrative Annual Report 2003

The corporate reporting scene in Singapore has changed significantly during the past two years. Adopting the amendments resulting from Singapore Companies (Amendment) Act 2002 and Singapore Financial Reporting Standards for the first time may present significant challenges. Our firm has published “Illustrative Annual Report 2003” to help you address those challenges.

This publication provides a sample annual report of a fictitious group. It illustrates the disclosures required by the Singapore Companies Act, Singapore Exchange Securities Trading Listing Manual Requirement, and Singapore Financial Reporting Standards and Interpretations that are applicable for the financial years commencing on or after 1 January 2003. It also includes some global best practice disclosures for your consideration.

The sample disclosures in this publication may not be the only acceptable form of presentation. Other forms of presentation which are equally acceptable to meet the prescribed requirements may be preferred and adopted. We trust that you will find this publication helpful in the preparation of your reporting entity’s financial statements for the upcoming financial year.

Contents
1. Foreword and Publication Guide (375 Kb)
2. List of Technical Pronouncements (49 Kb)
3. Comparison between FRS and IFRS (53 Kb)
4. Index to Illustrative Annual Report (32 Kb)
5. Board of Directors and Corporate Governance Statement (102 Kb)
6. Directors’ Report and Auditors’ Report (124 Kb)
7. Financial Statements (103 Kb)
8. Notes to the Financial Statements (293 Kb)
9. Additional Disclosure Requirements (65 Kb)
10. Index of FRS Disclosure Requirements (52 Kb)

PricewaterhouseCoopers has exercised professional care and diligence in the preparation of this report. However, the information contained herein is intended to be a general guide and should not be used or relied upon as a substitute for specific professional advice. While every effort has been made to ensure accuracy, no liability is accepted by PricewaterhouseCoopers or any employee of the firm on any grounds whatsoever to any party in respect of any errors or omissions, or any action or omission to act a result of the information contained in this publication.

For more information or copies of this publication, please contact us.