Illustrative Financial Statements 2011 - bdo singapore

Preface
Scope
This publication, Illustrative Financial Statements 2011, provides a set of sample financial statements
of a fictitious group of companies for the financial year ending 31 December 2011. ABC Singapore
Limited is a company incorporated in Singapore and its shares are listed on the Main Board of the
Singapore Exchange Securities Trading Limited (“SGX”).
The names of people and entities included in this publication are fictitious. Any resemblance to a
person or entity is purely coincidental.
Effective date
This set of illustrative financial statements includes sample disclosures under the requirements of the
Singapore Companies Act, Singapore Exchange Securities Trading Limited (SGX-ST) Listing Manual and
Singapore Financial Reporting Standards (including its Interpretations) that are effective for financial
year commencing on 1 January 2011.
Illustrative in nature
The sample disclosures in this set of illustrative financial statements should not be considered to be
the only acceptable form of presentation. The form and content of each reporting entity’s financial
statements are the responsibility of the entity’s directors/management and other forms of
presentation which are equally acceptable may be preferred and adopted, provided they include the
specific disclosures prescribed in the Singapore Companies Act, Singapore Exchange Securities Trading
Limited (SGX-ST) Listing Manual and Singapore Financial Reporting Standards.
The illustrative financial statements are not substitutes for reading the legislation or standards
themselves, or for professional judgement as to fairness of presentation. They do not cover all
possible disclosures required by the Singapore Companies Act, Singapore Exchange Securities Trading
Limited (SGX-ST) Listing Manual and Singapore Financial Reporting Standards. Depending on the
circumstances, further specific information may be required in order to ensure fair presentation and
compliance with laws, accounting standards and stock exchange regulations in Singapore.
Guidance notes
Direct references to the source of disclosure requirements are included in the reference column on
each page of the model financial statements. Commentaries are provided where additional matters
may need to be considered in relation to a particular disclosure. These commentaries are inserted
within the relevant section or note.
Disclaimer
The information in this publication is for general guidance and is not a substitute for professional
advice. If professional advice is required, the services of a competent professional should be sought.
BDO LLP and its staff accept no responsibility for any actions taken or not taken on the basis of the
information in this newsletter. Copyright © December 2011 BDO LLP. All rights reserved.
BDO LLP (UEN: T10LL0001F) is an accounting Limited Liability Partnership registered in Singapore
under Limited Liability Partnership Act (Chapter 163A). BDO LLP is a member of BDO International
Limited, a UK company limited by guarantee, and forms part of the international BDO network of
independent member firms.