Hatching For The Future - teo seng capital berhad

Notes To The Financial Statements
For The Financial Year Ended 31 March 2012
Teo Seng Capital Berhad
1.
GENERAL INFORMATION
The Company is a public company limited by shares and is incorporated under the Companies Act, 1965 in Malaysia.
The domicile of the Company is Malaysia and is listed on the Main Market of the Bursa Malaysia Securities Berhad.
The registered office and principal place of business are as follows :
Registered office : 201-203, Jalan Abdullah
84000 Muar
Johor Darul Takzim
Principal place of business : Lot PTD 25740, Batu 4
Jalan Air Hitam
83700 Yong Peng
Johor Darul Takzim
The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the
directors dated 26 July 2012.
2.
PRINCIPAL ACTIVITIES
The Company is principally engaged in the business of investment holding and provision of management services. The
principal activities of the subsidiaries are set out in Note 7. There have been no significant changes in the nature of
these principal activities during the financial year.
3.
HOLDING COMPANIES
The Company is a subsidiary of Advantage Valuations Sdn. Bhd., a company incorporated in Malaysia. The
intermediate holding company is Leong Hup Holdings Berhad, a company incorporated in Malaysia.
With effect from 12 April 2012, the directors regard Emerging Glory Sdn. Bhd. as its ultimate holding company. Prior to
that, the directors regarded Leong Hup Management Sdn. Bhd., a company incorporated in Malaysia, as its ultimate
holding company.
4.
ACCOUNTING POLICIES AND STANDARDS
4.1
Basis of Preparation of Financial Statements
(a) The financial statements of the Group and of the Company have been prepared in accordance with Financial
Reporting Standards (“FRSs”) and the Companies Act, 1965 in Malaysia. At the beginning of the current
financial year, the Group and the Company have adopted new FRSs which are mandatory for financial period
beginning on or after 1 April 2011 as disclosed in Note 4.3.
(b)
(c)
The financial statements of the Group and of the Company have been prepared under the historical cost
convention, unless otherwise indicated in the summary of significant accounting policies.
The preparation of financial statements requires management to make judgements, estimates and
assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities,
income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised and in any future periods affected.
Annual Report 2012
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