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1.
Corporate information
The principal activities of the Company are those of property management and investment holding. The
principal activities of the subsidiaries and associate are described in Notes 15 and 16, respectively. There have
been no significant changes in the nature of these activities during the financial year.
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 principal place of business of the Company is located
at Suite 4.1, Level 4, Block C, Plaza Damansara, No.45 Jalan Medan Setia 1, Bukit Damansara, 50490 Kuala
Lumpur.
The immediate, penultimate and ultimate holding companies are Fima Metal Box Holdings Sdn. Bhd., Kumpulan
Fima Berhad and BHR Enterprise Sdn. Bhd. respectively, all of which were incorporated in Malaysia. The
penultimate holding company is listed on the Main Market of Bursa Malaysia Securities Berhad.
2.
Significant accounting policies
2.1 Basis of preparation
The financial statements of the Group and of the Company have been prepared in accordance with
Malaysian Financial Reporting Standards (“MFRSs”), International Financial Reporting Standards (“IFRSs”)
and the requirements of the Companies Act, 2016 in Malaysia.
These financial statements for the year ended 31 March 2019 are the first the Group and the Company
have prepared in accordance with MFRS, including MFRS 1 - First-time Adoption of Malaysian Financial
Reporting Standards, MFRS 9 Financial Instruments, MFRS 15 Revenue from Contracts with Customers,
MFRS 116 - Property, Plant & Equipment and MFRS 141 - Agriculture. For the periods up to and including
the year ended 31 March 2018, the financial statements of the Group and of the Company were prepared
in accordance with Financial Reporting Standards (“FRSs”) in Malaysia.
Subject to certain transition elections as disclosed in Note 39, the Group and the Company have
consistently applied the same accounting policies in their opening MFRS Statements of Financial Position
as at 1 April 2017, being the transition date, and throughout all years presented, as if these policies had
always been in effect. The impact of the transition to MFRS to the Group’s and the Company’s reported
financial position, financial performance and cash flows are disclosed in Note 39.
The financial statements are presented in Ringgit Malaysia (“RM”) and all values are rounded to the nearest
thousand (RM’000) except when otherwise indicated.
Notes To The
Financial Statements
As at 31 March 2019
financial
statements
111