Basis of preparation. The financial statements of the Authority are prepared on the accrual basis under historical cost convention and are in accordance with International Accounting Standards. The reporting currency is Cayman Islands Dollars.
Basis of preparation. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 Interim Financial Reporting, with the Group choosing to present condensed interim financial statements. However, the Group has presented the statements of financial position, statement of comprehensive income, changes in shareholders' equity, and cash flows in the same format as that used for the annual financial statements. The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events and circumstances so as not to duplicate information previously reported. These interim financial statements should therefore be read in conjunction with the latest annual financial statements. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the Thai language financial statements.
2.2 Basis of consolidation
a) The interim consolidated financial statements include the financial statement of JKN Global Media Public Company Limited (“the Company”) and the following subsidiaries (“the subsidiaries”): Country of Percentage of Company’s name Nature of business incorporation shareholding 2021 2020 (Percent) (Percent) JKN Global Content Pte. Ltd. Agent for purchasing of program rights Singapore 100 100 JKN Channel Company Limited Production service, studio leasing, costume rental, event organizer and artist management Thailand 100 100 JKN IMC Company Limited Advertising agency Thailand 100 100 JKN News Company Limited Advertising services and production of television program Thailand 100 100 JKN MNB Company Limited Production and distribution of non- alcoholic beverages Thailand 51 -
b) The Company is deemed to have control over an investee or subsidiaries if it has rights, or is exposed, to variable returns from its involvement with the investee, and it has the ability to direct the activities that affect the amount of its returns.
c) Subsidiaries are fully consolidated, being the date on which the Company obtain control, and continue to be consolidated until the date when such control ceases.
d) The financial statements of the subsidiaries are prepared using the same significant accounting policies as the Company.
e) The assets and liabilities in the fina...
Basis of preparation. 1.1 Corporate information and liquidity
Basis of preparation. The Accounts have been prepared:
(a) in accordance with the Accounting Standards;
(b) in accordance with the requirements of the Corporations Act and any other applicable laws; and
(c) in the manner described in the notes to them.
Basis of preparation. (continued) The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and further periods if the review affects both current and future periods.
Basis of preparation. The forecast financial statements have been prepared in accordance with International Accounting Standards (IASs) using the accrual basis of accounting. The measurement base applied is historical cost adjusted for revaluations of certain assets. The forecast financial statements have been prepared on a going concern basis and the accounting policies have been applied consistently.
Basis of preparation. (Continued) The following MFRSs and IC Interpretations have been issued by the MASB and are not yet effective: Presentation of Items of Other Comprehensive income (Amendments to MFRS 101) MFRS 11 Joint Arrangements MFRS 12 Disclosure of Interests in Other Entities MFRS 13 Fair Value Measurement MFRS 119 Employee Benefits (as amended by IASB in June 2011) MFRS 127 Separate Financial Statements (as amended by IASB in May 2011) MFRS 128 Investments in Associates and Joint Ventures (as amended by IASB in May 2011) IC Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine Disclosures - Offsetting Financial Assets and Financial Liabilities (Amendments to MFRS 7) MFRS 3 Business Combinations (IFRS 3 Business Combinations issued by IASB in March 2004) Amendments to MFRSs contained in the documents entitled "Annual Improvements 2009-2011 Cycle" Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to MFRS 10, MFRS 11 and MFRS 12) MFRS 127 Consolidated and Separate Financial Statements (IAS 27 Consolidated and Separate Financial Statements revised by IASB in December 2003) Offsetting Financial Assets and Financial Liabilities (Amendments to MFRS 132) MFRS 9 Financial Instruments (IFRS 9 issued by IASB in November 2009) MFRS 9 Financial Instruments (IFRS 9 issued by IASB in October 2010) IC Interpretation 20 will not have any financial impact to the Group as it is not relevant to the Group's operations. The financial effects of the above MFRSs and Amendments to MFRSs are still being assessed due to the complexity of these new MFRSs and Amendments to MFRSs, and their proposed changes. During the financial period, the Islamic banking subsidiary company of the Group adopted the Guidelines on Profit Equalisation Reserve issued by Bank Negara Malaysia, which addresses the management of displaced commercial risk by Islamic banking institutions. A discussion of the financial effects of adoption of these guidelines is provided in Note A30 Changes in Accounting Policies.
Basis of preparation. Basis of measurement Functional and presentation currency
Basis of preparation. The Company financial statements for the year ended December 31, 2021 are prepared and presented in accordance with general accounting principles applicable in France, as set-out in Regulation no. 2014-03 issued by the French Accounting Standards Authority (Autorité des Normes Comptables, ANC). Amounts recorded in the accounts are valued on a historical cost basis in accordance with the true and fair principle. The accounting period ends on December 31, 2021 and has a duration of 12 months. Veolia Environnement, whose registered office is located at 00, xxx Xx Xxxxxx 00000 Xxxxx, prepared Group consolidated financial statement under the number: 403,210,032 R.C.S. Paris. A copy of the financial statements may be obtained at the Company’s administrative headquarters at 00, xxx Xxxxxxxxx Xxxxxxx -93300 Aubervilliers.
Basis of preparation. The Completion Accounts shall:
(a) be prepared in accordance with the relevant specific accounting principles, policies, procedures and practices set out in respect of each of the Completion Accounts in part 2 of this schedule 5;
(b) subject to paragraph 2(a), be prepared on the same basis and using the accounting principles, policies, procedures and practices consistently applied as used in preparing the Statutory Accounts in respect of the Financial Year ended on the Statutory Accounts Date, including the same management judgments, estimates, definitions, treatments, forecasts and opinions as were made and given for the purposes of and reflected in such Statutory Accounts; and
(c) subject to paragraphs 2(a) and 2(b), be prepared in accordance with IFRS in force as at the Statutory Accounts Date.
