Singapore

SINGAPORE Illustrative Financial Statements 2012 

This publication illustrates best practice disclosures, updated to comply with the latest requirements of the Singapore Companies Act, Singapore Financial Reporting Standards (FRSs) and Singapore Exchange Limited (SGX) Listing Manual.
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Applicable to companies with a financial year ending 31 December 2012, these illustrative financial statements have been updated to incorporate, amongst others:
  • the impact on future financial statements of the adoption of issued but not yet effective standards as at 31 December 2012;
  • an income statement that presents an analysis of expenses based on their nature in accordance with FRS 1 Presentation of Financial Statements as an alternative;
  • the change in accounting policy on deferred tax on investment property measured at fair value arising from the adoption of the amendments to FRS 12 Deferred Tax: Recovery of Underlying Assets; and
  • the significant accounting policies and notes to the financial statements for development properties that are accounted for under INT FRS 115 Agreements for the Construction of Real Estate.

Download Singapore Illustrative Financial Statements 2012 (PDF, 5.2MB)



While care has been taken in the preparation of this publication, reference to accounting standards and other authoritative material should be made, and specific advice sought, in respect of any particular transaction or specific circumstances. No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by KPMG Singapore or any member of KPMG International.

Copies of this publication are available to any individual, organisation or group at a charge of S$50 (excluding GST at the prevailing rate). Please contact your regular KPMG contacts.