Notes to the Financial Statements
31 December 2015
1.
Corporate information
Hock Lian Seng Holdings Limited (the “Company”) is a limited liability company, which is incorporated and
domiciled in Singapore and is listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”).
7KH UHJLVWHUHG RɝFH DQG WKH SULQFLSDO SODFH RI EXVLQHVV RI WKH &RPSDQ\ LV ORFDWHG DW 0DULQH 3DUDGH 5RDG
#21-08 Parkway Parade, Singapore 449269.
The principal activity of the Company is that of investment holding. The principal activities of the subsidiaries,
joint operation and joint ventures are disclosed in Notes 11, 12 and 13 respectively.
6XPPDU\ RI VLJQLȴFDQW DFFRXQWLQJ SROLFLHV
2.1
Basis of preparation
7KH FRQVROLGDWHG ȴQDQFLDO VWDWHPHQWV RI WKH *URXS DQG WKH EDODQFH VKHHW DQG VWDWHPHQW RI FKDQJHV LQ HTXLW\ RI
the Company have been prepared in accordance with Singapore Financial Reporting Standards (“FRS”).
7KH ȴQDQFLDO VWDWHPHQWV KDYH EHHQ SUHSDUHG RQ D KLVWRULFDO FRVW EDVLV H[FHSW DV GLVFORVHG LQ WKH DFFRXQWLQJ
policies below.
7KH ȴQDQFLDO VWDWHPHQWV DUH SUHVHQWHG LQ 6LQJDSRUH 'ROODUV Ȋ6*'ȋ RU Ȋ6 ȋ DQG DOO YDOXHV DUH URXQGHG WR WKH
nearest thousand (“S$’000”) as indicated.
2.2
Changes in accounting policies
7KH DFFRXQWLQJ SROLFLHV DGRSWHG DUH FRQVLVWHQW ZLWK WKRVH RI WKH SUHYLRXV ȴQDQFLDO \HDU H[FHSW LQ WKH FXUUHQW
ȴQDQFLDO \HDU WKH *URXS KDV DGRSWHG DOO WKH QHZ DQG UHYLVHG VWDQGDUGV ZKLFK DUH HHFWLYH IRU DQQXDO ȴQDQFLDO
SHULRGV EHJLQQLQJ RQ RU DIWHU -DQXDU\
7KH DGRSWLRQ RI WKHVH VWDQGDUGV GLG QRW KDYH DQ\ HHFW RQ WKH
ȴQDQFLDO SHUIRUPDQFH RU SRVLWLRQ RI WKH *URXS DQG WKH &RPSDQ\
ANNUAL REPORT 2015
43