3 - Malaysian Communications And Multimedia Commission

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STATEMENT OF ACCOUNT PENYATA AKAUN Universal Service Provision Fund Notes to the financial statements Principal activities The principal activities of the Universal Service Provision Fund are to promote the widespread availability and usage of network services and/or application services throughout Malaysia by encouraging the installation of network facilities and the provision for network service and/or applications services in underserved areas or for underserved groups within community. The Fund commenced its operations since September 2002. The address of the principal place of business is as follow: Principal place of business 63000 Cyberjaya Selangor Darul Ehsan The financial statements were approved by the <strong>Commission</strong>’s Members on ____________________. 1. Basis of preparation (a) Statement of compliance The financial statements have been prepared in accordance with Financial Reporting Standards (FRS), and accounting principles generally accepted in Malaysia. The Fund has not applied the following accounting standards, amendments and interpretations that have been issued by the <strong>Malaysian</strong> Accounting Standards Board (MASB) but are not yet effective for the Fund: FRSs, Interpretations and amendments effective for annual periods beginning on or after 1 July 2009 • FRS 8, Operating Segments FRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2010 • FRS 4, Insurance Contracts • FRS 7, Financial Instruments: Disclosures • FRS 101, Presentation of Financial Statements(revised) • FRS 123, Borrowing Costs (revised) • FRS 139, Financial Instruments: Recognition and Measurement • Amendments to FRS 1, First-time Adoption of Financial Reporting Standards • Amendments to FRS 2, Share-based Payment: Vesting Conditions and Cancellations • Amendments to FRS7, Financial Instruments: Disclosures • Amendments to FRS101, Presentation of Financial Statements – Puttable Financial Instruments and Obligations Arising on Liquidation • Amendments to FRS127, Consolidated and Separate Financial Statements; Cost of Investment of a Subsidiary, Jointly Controlled Entity or Associate USP Annual Report 2009 59
STATEMENT OF ACCOUNT PENYATA AKAUN 1. Basis of preparation (continued) (a) Statement of compliance (continued) FRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2010 (continued) • Amendments to FRS 132, Financial Instruments: Presentation - Puttable Financial Instruments and Obligation Arising on Liquidation - Separation of Compound instrument • Amendments to FRS 139, Financial Instruments: Recognition and Measurement, - Reclassification of Financial Assets - Collective Assessment of Impairment for Banking Institutions • Improvements to FRSs (2009) • IC Interpretation 9, Reassessment of Embedded Derivatives • IC Interpretation 10, Interim Financial Reporting and Impairment • IC Interpretation 11, FRS 2 - Group and Treasury Share Transactions • IC Interpretation 13, Customer Loyalty Programmes • IC Interpretation 14, FRS 119 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and Their Interaction FRSs, Interpretations and amendments effective for annual periods beginning on or after 1 March 2010 • Amendments to FRS 132, Financial Instruments: Presentation – Classification of Rights Issues FRSs, Interpretations and amendments effective for annual periods beginning on or after 1 July 2010 • FRS 1, First-time Adoption of Financial Reporting Standards (revised) • FRS 3, Business Combinations (revised) • FRS 127, Consolidated and Separate Financial Statements (revised) • Amendments to FRS 2, Share-based Payment • Amendments to FRS 5, Non-current Assets Held for Sale and Discontinued Operations • Amendments to FRS 138, Intangible Assets • IC Interpretation 12, Service Concession Agreements • IC Interpretation 15, Agreements for the Construction of Real Estate • IC Interpretation 16, Hedges of a Net Investment in a Foreign Operation • IC Interpretation 17, Distribution of Non-cash Assets to Owners • Amendments to IC Interpretation 9, Reassessment of Embedded Derivatives FRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2011 • Amendments to FRS 1, First-time Adoption of Financial Reporting Standards – Limited Exemption from Comparative FRS7 Disclosures for First – Time Adopters • Amendments to FRS 7, Financial Instruments Disclosures – Improving Disclosures about Financial Instruments 60 Laporan Tahunan PPS 2009
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Chairman’s Message Perutusan Peng
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CHAIRMAN’S MESSAGE PERUTUSAN PENG
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CHAIRMAN’S MESSAGE PERUTUSAN PENG
Page 9 and 10: OVERVIEW GAMBARAN KESELURUHAN Unive
Page 11 and 12: OVERVIEW GAMBARAN KESELURUHAN USP T
Page 13 and 14: USP FUND KUMPULAN WANG PPS USP FUND
Page 15 and 16: USP FUND KUMPULAN WANG PPS 16 17 18
Page 17 and 18: USP FUND KUMPULAN WANG PPS No. Bil.
Page 19 and 20: USP FUND KUMPULAN WANG PPS In summa
Page 21 and 22: USP PROJECT - CBC PROJEK PPS - PJK
Page 37 and 38: USP PROJECT - TIME 3 PROJEK PPS - T
Page 39 and 40: USP PROJECT - TIME 3 PROJEK PPS - T
Page 42 and 43: Other Initiatives Inisiatif-inisiat
Page 44: OTHER INITIATIVES INISIATIF-INISIAT
Page 47 and 48: USP CENTRAL MONITORING SYSTEM SISTE
Page 50 and 51: Looking Ahead Mengorak Langkah ke H
Page 52: LOOKING AHEAD MENGORAK LANGKAH KE H
Page 55 and 56: STATEMENT OF ACCOUNT PENYATA AKAUN
Page 59: STATEMENT OF ACCOUNT PENYATA AKAUN
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