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Prudential Assurance Malaysia Berhad(Company No. 107655-U)(Incorporated in Malaysia)Notes to the interim financial statements1. Basis of preparationThese condensed interim financial statements for the half-year ended 30 June 2013 of theCompany are unaudited and have been prepared in accordance with Malaysian FinancialReporting Standard ("MFRS") framework, issued by Malaysian Accounting Standards Board("MASB") and Revised Guidelines on Financial Reporting for Insurers issued by Bank NegaraMalaysia ("BNM") with effect from 1 January 2012.The condensed interim financial statements should be read in conjunction with the auditedfinancial statements of the Company for the year ended 31 December 2012, which wereprepared in accordance with MFRS, International Financial Reporting Standards (“IFRS”) andthe Companies Act, 1965 in Malaysia and Revised Guidelines on Financial Reporting forInsurers issued by BNM with effect from 1 January 2012.2. Significant accounting policiesThe accounting policies and presentation adopted by the Company for the condensed interimfinancial statements are consistent with those adopted in the Company's audited financialstatements for the financial year ended 31 December 2012, except for the adoption of thefollowing :MFRSs, Interpretations and amendments effective for annual periods beginning on orafter 1 January 2013 MFRS 13, Fair Value Measurement MFRS 119, Employee Benefits (2011) Amendments to MFRS 7, Financial Instruments: Disclosures – OffsettingFinancial Assets and Financial Liabilities Amendments to MFRS 1, First-time adoption of Malaysian FinancialReporting Standards (Annual Improvements 2009-2011 Cycle) Amendments to MFRS 101, Presentation of Financial Statements (AnnualImprovements 2009-2011 Cycle) Amendments to MFRS 116, Property, Plant and Equipment (AnnualImprovements 2009-2011 Cycle) Amendments to MFRS 132, Financial Instruments: Presentation (AnnualImprovements 2009-2011 Cycle) Amendments to MFRS 134, Interim Financial Reporting (AnnualImprovements 2009-2011 Cycle)The adoption of the revised standards, amendments and interpretations issued by MASB andrevised guidelines issued by BNM which are effective in the current year does not have anymaterial impact to the financial statements of the Company.Page 5