Errata to annual report year 2016.pdf

Errata to annual report year 2016.pdf - LBS BINA GROUP...

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LBS BINA GROUP BERHAD (Company No.: 518482-H) (Incorporated in Malaysia) To All Shareholders ERRATA TO THE AUDITED FINANCIAL STATEMENTS OF THE GROUP FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 IN THE ANNUAL REPORT Reference is made to the Audited Financial Statements of the Group for the financial year ended 31 December 2016 ("the Audited Financial Statements") of LBS Bina Group Berhad in the Annual Report, submitted to Bursa Malaysia Securities Berhad ("Bursa Malaysia") on 28 April 2017. The following amendments (in bold) were made to the Audited Financial Statements:- 1) Page 167, Statements of Financial Position After Before amendment amendment 2016 2016 Note RM RM Equity Other reserves 24 (53,214,326) (131,065,516) Non-controlling interests 41,204,571 119,055,761 The sub-total and total figures are amended accordingly. 2) Page 171, Statements of Changes in Equity After Before amendment amendment 2016 2016 Note RM RM Other Reserves Other Reserves Transactions with owners: Changes in ownership interest in subsidiary companies 8(d) (49,174,296) (127,025,486) The sub-total and total figures are amended accordingly. 3) Page 221, Note 8(d) on Investment in Subsidiary Companies (d) Acquisition of non-controlling interests during the financial year The effect of changes in the equity interest that is attributable to the owners of the Parent is as follows: After Before amendment amendment 2016 2016 RM RM Carrying amount of non-controlling interests acquired (58,204,139) (136,055,329) Consideration paid to non-controlling interests (31,300,000) (31,300,000)
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  • Spring '18
  • Corporation, Generally Accepted Accounting Principles, Subsidiary, subsidiary companies

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