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Datasonic Group Berhad
(Company No. 809759-X)
77
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2016
1.
GENERAL INFORMATION
The Company is a public company limited by shares and is incorporated under the Companies Act
1965 in Malaysia. The domicile of the Company is Malaysia. The registered office and principal place
of business are at Level 6, Bangunan Setia 1, No. 15, Lorong Dungun, Damansara Heights, 50490 Kuala
Lumpur.
The financial statements has been authorised for issue by the Board of Directors in accordance with
a resolution of the directors dated 27 May 2016.
2.
PRINCIPAL ACTIVITIES
The Company is principally engaged in the businesses of investment holding and provision of
management services to its subsidiaries. The principal activities of the subsidiaries are set out in Note
6 to the financial statements. There have been no significant changes in the nature of these activities
during the financial year.
3.
BASIS OF PREPARATION
3.1 BASIS OF ACCOUNTING
The financial statements of the Group are prepared under the historical cost convention and
modified to include other bases of valuation as disclosed in other sections under significant
accounting policies, and in compliance withMalaysian Financial Reporting Standards (“MFRSs”),
International Financial Reporting Standards and the requirements of the Companies Act 1965
in Malaysia.
(a) During the current financial year, the Group has adopted the following new accounting
standard(s) and/or interpretation(s) (including the consequential amendments, if any):-
MFRSs and/or IC Interpretations (Including the Consequential Amendments)
Amendments to MFRS 119: Defined Benefit Plans – Employee Contributions
Annual Improvements to MFRSs 2010 – 2012 Cycle
Annual Improvements to MFRSs 2011 – 2013 Cycle
The adoption of the above accounting standard(s) and/or interpretation(s) (including the
consequential amendments, if any) did not have any material impact on the Group’s
financial statements.