The IAS 1 describes the general features of financial statements 1 Fair

The ias 1 describes the general features of financial

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The IAS 1 describes the general features of financial statements: 1. Fair presentation and compliance with IFRS 2. Going concern 3. Accrual basis of accounting 4. Materiality and aggregation 5. Offsetting 6. Frequency of reporting
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4 7. Comparative information 8. Consistency of presentation Meanwhile, the IAS 1 sets the minimum requirements for the content of financial statements; their identification and structure. Analysis: 1. Structure and content a. IAS 1 requires identification of the financial statements and distinguishing them from other information in the same published document. In the case, the financial statement starts from page 10 to page 17 and the notes are from page 18 to page 39. b. Every elements of the financial statements contain the name of the reporting entity, the information whether the financial statements are of an individual or of a group, the date of the reporting entity and period covered, and the presentation currency and the level of rounding. In the case, every financial statement contains the name of the reporting entity is Jardine Matheson Holdings Limited, the date of the reporting entity is 2019, at 30 th June,2018 (restated), and at 31 st December 2018. (restated), and the presentation currency and the level of rounding is Dollar and Million. 2. Statement of financial position a. Classification the current and noncurrent for both asset and liability. b. With regard to a minimum content, the following item shall be presented: (US$M,2019)
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5 Asset Equity and Liabilities Met criteria Do not met criteria Property, plant and equipment Issued capital and reserves attributable to owners of the parent Yes. Bearer plant (499); Investment property Yes. Investment properties (38,038); Intangible assets Non-controlling interests Yes. (2,789) Financial assets Financial Liabilities Yes. Bank balances and other liquid funds (6,496) Investments accounted for using equity method Provisions yes Biological assets No Inventories Yes (Properties for sale) Trade and other receivables Trade and other payables No Cash and cash equivalents No Totals of assets in Totals of liabilities in Yes. Total asset
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6 accordance with IFRS 5 Non-current assets Held for Sale and Discontinued Operations accordance with IFRS 5 Non-current assets Held for Sale and Discontinued Operations (96.621). Total liabilities (32,474) Current tax assets
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  • Fall '14
  • Balance Sheet, Generally Accepted Accounting Principles, B. Statement of financial position

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