48
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2015
(In Singapore dollars)
1.
CORPORATE INFORMATION
MTQ Corporation Limited (the "Company") is a limited liability company incorporated and domiciled in Singapore
and is listed on the Singapore Exchange Securities Trading Limited (SGX-ST).
The registered office and principal place of business of the Company is located at 182 Pandan Loop, Singapore
128373.
The principal activities of the Company relate to those of an investment holding and management company.
The nature of the operations and principal activities of the subsidiaries are described in Note 29. There have been
no significant changes in the nature of these activities during the financial year.
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
2.1 Basis of preparation
The consolidated financial statements of the Group and the balance sheet and statement of changes in equity of
the Company have been prepared in accordance with Singapore Financial Reporting Standards (FRS).
The financial statements have been prepared on the historical cost basis except as disclosed in the accounting
policies below.
The financial statements are presented in Singapore dollars ($ or SGD) and all values in the tables are rounded to
the nearest thousand ($'000) as indicated.
2.2 Changes in accounting policies
The accounting policies adopted are consistent with those of the previous financial year except in the current
financial year, the Group has adopted all the new and revised standards which are effective for annual financial
periods beginning on or after 1 April 2014. The adoption of these standards did not have any effect on the financial
performance or position of the Group and the Company.
2.3 Standards issued but not yet effective
The Group has not adopted the following standards that have been issued but not yet effective:
Description
Effective for annual periods
beginning on or after
Amendments to FRS 19 Defined Benefit Plans: Employee Contributions
1 July 2014
Improvements to FRSs (January 2014)
(a) Amendments to FRS 102
Share Based Payment
1 July 2014
(b) Amendments to FRS 103
Business Combinations
1 July 2014
(c) Amendments to FRS 108
Operating Segments
1 July 2014
(d) Amendments to FRS 16
Property, Plant and Equipment and
FRS 38
Intangible Assets
1 July 2014
(e) Amendments to FRS 24
Related Party Disclosures
1 July 2014
Improvements to FRSs (February 2014)
(a) Amendments to FRS 103
Business Combinations
1 July 2014
(b) Amendments to FRS 113
Fair Value Measurement
1 July 2014
