Annual report 2014
67
1. CORPORATE INFORMATION
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on
the Main Market of Bursa Malaysia Securities Berhad.
The registered office of the Company is located at Level 18, The Gardens North Tower, Mid Valley City,
Lingkaran Syed Putra, 59200 Kuala Lumpur.
The principal place of business of the Company is located at C-G-15, Block C, Jalan Dataran SD 1, Dataran
SD PJU 9, Bandar Sri Damansara, 52200 Kuala Lumpur.
The consolidated financial statements for the financial year ended 31 December 2014 comprise the
Company and its subsidiaries. These financial statements are presented in Ringgit Malaysia (“RM”), which
is also the functional currency of the Company.
The financial statements were authorised for issue in accordance with a resolution by the Board of Directors
on 20 April 2015.
2.
PRINCIPAL ACTIVITIES
The principal activities of the Company are those of investment holding, developing and selling in-house
software programmes, sale and rental of Electronic Data Capture (“EDC”) equipment and its related
software and services, inclusive of installation, training and maintenance. The principal activities of the
subsidiaries are disclosed in Note 10 to the financial statements. There have been no significant changes in
the nature of these activities during the financial year except for the acquisition of e-pay Pty. Ltd. (formerly
known as e-pay Asia Limited) as disclosed in Note 10(c) to the financial statements.
3.
BASIS OF PREPARATION
The financial statements of the Group and of the Company set out on pages 56 to 155 have been
prepared in accordance with Malaysian Financial Reporting Standards (“MFRSs”), International Financial
Reporting Standards (“IFRSs”) and the provisions of the Companies Act, 1965 in Malaysia. However, Note
40 to the financial statements set out on page 156 has been prepared in accordance with Guidance on
Special Matter No. 1,
Determination of Realised and Unrealised Profits or Losses in the Context of Disclosure
Pursuant to Bursa Malaysia Securities Berhad Listing Requirements
, as issued by the Malaysian Institute of
Accountants (“MIA Guidance”) and the directive of Bursa Malaysia Securities Berhad.
4.
SIGNIFICANT ACCOUNTING POLICIES
4.1 Basis of accounting
The financial statements of the Group and of the Company have been prepared under the historical
cost convention except as otherwise stated in the financial statements.
The preparation of financial statements in conformity with MFRSs requires the Directors to make
estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and
expenses and disclosure of contingent assets and contingent liabilities. In addition, the Directors are
also required to exercise their judgement in the process of applying the accounting policies. The
areas involving such judgements, estimates and assumptions are disclosed in Note 6 to the financial
statements. Although these estimates and assumptions are based on the Directors’ best knowledge
of events and actions, actual results could differ from those estimates.
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
