5. Main Activity Ajinomoto (Malaysia) Berhad is manufacturing and selling of monosodium glutamate and other related products. Its retail products include -AJI-NO-MOTO MSG -TUMIX stock seasoning powder, -VONO cup soup -AJI-SHIO flavored pepper The Company markets its products in Malaysia, the Middle East and in other Asian countries.
15. Main Activity involved in food manufacturing industry and holding the leading position in the snack food and confectionery in Malaysia. their product can be divided into four (4) broad categories: Snack food Wafer Potato snacks Bakery products
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17. FRS 3: Business Combination The company complies with FRS 3. Subsidiaries are consolidated using the purchase method.
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20. FRS 117 : Leases Oriental Food Industries only incurred operating lease. The company comply with FRS 117
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23. FRS 128: Investment in Association For the year 2010, there is no event that relevant to investment in associates had been classified for Oriental Food Industries during the year.
24. FRS 136: Impairment Assets there is no any event relevant to impairment of assets had been classified for Oriental Food Industries during the year.
25. FRS 138: Intangible Assets there is no any event relevant to intangible assets had been classified for Oriental Food Industries during the year.
26. FRS 140: Investment Properties The investment property is stated at cost less any accumulated depreciation and impairment losses.
31. Main Activity London Biscuits’ individually packed and ready to eat products can be divided into 2 main categories namely: Corn based snacks Cake products; such ~ Swiss Rolls, ~ Pie Cakes, and ~ Layer Cakes
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33. FRS 3: Business Combination -The consolidated financial statements of this company using the purchase method of accounting.-This company has followed FRS 3
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35. FRS 117 : Leases If the assets acquired by way of finance leases are stated at an amount equal to the lower of their fair values and the present value of the minimum lease payments at the inception of the leases, less accumulated depreciation and impairment losses. Operating lease payments are recognised as an expense on a straight-line basis over the term of the relevant lease.
39. FRS 136: Impairment Assets Impairment is measured by comparing the carrying values of the assets with their recoverable amounts. An impairment loss is charged to the income statement immediately unless the asset is carried at revalued amount.
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41. FRS 138: Intangible Assets Other Intangible Asset The cost of intangible assets acquired in a business combination is their fair values as at the date of acquisition. Intangible assets with indefinite useful lives are not amortised but tested for impairment annually or more frequently.
42. GOODWILL ON CONSOLIDATION Goodwill on consolidation record in the consolidated balance sheet. The impairment value of goodwill is recorded in the consolidated income statement.
46. Background & Main Activity Taiping, Perak, in the late 1980’s Largest water manufacturing plant in Malaysia. Types of products -Mineral water, -Sparkling natural mineral water, -Distilled drinking water -Non-carbonated fruit flavoured drink
52. FRS 138: Intangible Assets It is compliance to FRS 138 para 122,intangible assets assessed as having an indefinite useful life.
53. FRS 140: Investment Properties It is compliance to FRS 140 para 75 because this company is using the cost model and fair value model.
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55. Main Activity Manufacturing, marketing and sale of food products in Malaysia. Categorize of products: -coffee and beverages -culinary aids/prepared foods -milks -breakfast cereals -ice cream -chocolate -healthcare nutrition
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57. FRS 3: Business Combination The cost of property, plant and equipment recognized as a result of a business combination is based on fair value at acquisition date. Goodwill arises on business combinations and is measured at cost less any accumulated impairment losses. The company is comply with FRS 3
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59. FRS 117 : Leases Refer to note to the account No.11 & 23 The company is comply with FRS 117