Annual Report Analysis for Genting Plantation Berhad
Genting Plantations Berhad (a) The type of business conducted by the company, Genting Plantations Berhad is manufacturing business.
(b) The type of business organization of the Genting Plantations Berhad is corporation business organization. Genting Plantations Berhad is a public limited liability company incorporated and domiciled in Malaysia. The ownership in this company is divided into share of stocks. Genting Plantations Berhad recognizes that the sharing of financial success with shareholders through the distribution of dividends in the immediate-term is as important as the retention of sufficient capital to support long-term growth objectives.
(c) Genting Plantations Berhad applies accounting concepts in the company. The first accounting concept applied by Genting Plantations Berhad is accounting period concept. Genting Plantations Berhad prepares their financial report once a year that is at the end of the year so that it can be compared and analyzed the business’s financial position over a period of time. The second accounting concept applied by this company is money measurement concept. Money is used to be the basic measuring unit for any financial report. The basic measuring unit of this company is Ringgit Malaysia (RM). Any transactions or events which didn’t measured by money are no considered as a part of accounting data. Genting Plantation Berhad has used the money as the measuring unit, so this company has applied this accounting concept to guides the accounting practice. The third accounting concept applied by this company is consistency concept. Consistency concept mentions that the same accounting method should be applied every year we prepare the financial reports. This concept makes sure that the accounting reports are comparable from period to period and can prevent misleading profits arising when comparing two financial reports due to the different accounting methods from being reported.
(d) From the Income Statement
(b) The type of business organization of the Genting Plantations Berhad is corporation business organization. Genting Plantations Berhad is a public limited liability company incorporated and domiciled in Malaysia. The ownership in this company is divided into share of stocks. Genting Plantations Berhad recognizes that the sharing of financial success with shareholders through the distribution of dividends in the immediate-term is as important as the retention of sufficient capital to support long-term growth objectives.
(c) Genting Plantations Berhad applies accounting concepts in the company. The first accounting concept applied by Genting Plantations Berhad is accounting period concept. Genting Plantations Berhad prepares their financial report once a year that is at the end of the year so that it can be compared and analyzed the business’s financial position over a period of time. The second accounting concept applied by this company is money measurement concept. Money is used to be the basic measuring unit for any financial report. The basic measuring unit of this company is Ringgit Malaysia (RM). Any transactions or events which didn’t measured by money are no considered as a part of accounting data. Genting Plantation Berhad has used the money as the measuring unit, so this company has applied this accounting concept to guides the accounting practice. The third accounting concept applied by this company is consistency concept. Consistency concept mentions that the same accounting method should be applied every year we prepare the financial reports. This concept makes sure that the accounting reports are comparable from period to period and can prevent misleading profits arising when comparing two financial reports due to the different accounting methods from being reported.
(d) From the Income Statement