Formidable The Notes To Financial Statements

These statements are accompanied by footnotes or explanatory notes that explain the figures reported on the financial statements and portray the true and fair view of the statements.

The notes to financial statements. Notes to the financial statements disclose the detailed assumptions made by accountants when preparing a companys. OVERVIEW NOTE 11 INTRODUCTION The financial report is structured to provide prominence to the disclosures that are considered most relevant to the users understanding of the operations results and financial position of IAG. Statement of financial position.

Income statement balance sheet statement of changes of financial position or statement of retained earnings. Notes to financial statements. General he Company is incorporated and domiciled in Singapore and is listed on the Singapore Exchange Securities Trading Limited.

Definition of Notes to Financial Statements. The notes are also referred to as footnote disclosures. Consolidation Subsidiaries Subsidiaries are all entities including special purpose entities.

To alert the readers of these important disclosures each financial statement is required to make reference to them. Notes to the Financial Statements For the financial year ended 31 December 2010 Illustrative Annual Report 2010 73 Reference Significant Accounting Policies These notes form an integral part of and should be read in conjunction with the accompanying financial statements. The address of the Companys registered office and principal place of business.

A present information about the basis of preparation of the financial statements and the specific accounting policies used in accordance with paragraphs 117-124. 1 Corporate information The Institute UEN No. A company will often use notes to the financial statements to explain financial information beyond the numbers listed on the reports.

Accounting policies continued The accounting policies set out below have been applied consistently across the Group and to all periods presented in these financial statements. These policies have been consistently applied to all the years presented unless otherwise stated. Notes to Financial Statements b Application of Accounting Standard for Asset Retirement Obligations Effective from the year ended December 31 2011 the Company has applied Accounting Standard for Asset Retirement Obligations ASBJ Statement No.