Illustrative Annual Report 2008

Building Trust and demonstrating Transparency continue to be key elements in the corporate reporting arena.

The 2008 edition of PricewaterhouseCoopers’ publication “Towards Trust and Transparency – Illustrative Annual Report” continues its focus on helping directors, audit committee members, management and preparers of financial statements achieve high-quality financial reporting with best-practice illustrations of disclosures to comply with the various requirements of the Singapore Financial Reporting Standards (FRS), Singapore Companies Act and Singapore Exchange Listing Manual.

Included in this edition is also an exclusive “Pocket Guide” that we have specially compiled to assist you in understanding the many requirements of the current standards in a succinct manner.

Although there are relatively fewer changes to the FRS that are effective in 2008, practitioners continue to grapple with interpretations and practices that are evolving as these are sometimes not explicitly addressed in the standards. I believe 2008 is an opportune time for practitioners to take stock and iron out any remaining problems in accounting disclosure issues prior to the next wave of IFRS that is coming in 2009.

For many companies, getting ready for 2009 will certainly be challenging. Hence, I would like to highlight a few new and critical illustrations included in the Appendix to this publication, starting with new disclosure requirements under FRS 108 Operating Segments and FRS 1(R) Presentation of Financial Statements, both of which will become effective in 2009. It is worthwhile evaluating these changes and to start implementing these changes which will be required in your first quarter 2009 results’ announcements.

We trust that you will find this publication an excellent resource to assist you with the preparation of your companies’ annual reports for the coming financial year-end. We also encourage you to consult your PricewaterhouseCoopers audit partners and managers should you have any questions or comments regarding this publication or the implementation of the new accounting standards.

Illustrative Annual Report
Illustrative Annual Report 2008
Contents
1. Foreword and Publication Guide (90kb)
2. Index to Illustrative Annual Report (110kb)
3. Board of Directors and Corporate Governance Report (260kb)
4. Directors' Report, Statement by Directors and Auditors' Report (150kb)
5. Consolidated Income Statement, Balance Sheets, Changes in Equity, Cash Flow Statement (150kb)
6. Significant Accounting Policies (270kb)
7. Other Notes to the Financial Statements (400kb)
8. Additional Disclosure Requirements, Shareholders' information, Additional Illustrative Disclosures - Appendix 1 & 2 (200kb)
9. Contact Details (380kb)


View/download the entire report




Singapore Financial Reporting Standards - Pocket Guide 2008

Singapore Financial Reporting Standards - Pocket Guide 2008
Contents

1. Pocket Guide (250kb)
2. List of Technical Pronouncements (105kb)
3. Summary of Key Changes from FRS (170kb)
4. Comparison between FRS and IFRS (75kb)


View/download the entire report