Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 250 NOTES TO THE FINANCIAL STATEMENTS Press Metal Aluminium Holdings Berhad is a public limited liability company, incorporated and domiciled in Malaysia and is listed on the Main Market of Bursa Malaysia Securities Berhad. The addresses of the principal place of business and registered office of the Company are as follows: Principal place of business Suite 61 & 62, Setia Avenue No. 2, Jalan Setia Prima S U13/S Setia Alam, Seksyen U13 40170 Shah Alam Selangor Darul Ehsan Registered office 12th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim Seksyen 13 46200 Petaling Jaya Selangor Darul Ehsan The consolidated financial statements of the Company as at and for the financial year ended 31 December 2024 comprise the Company and its subsidiaries (together referred to as the “Group” and individually referred to as “Group entities”) and the Group’s interests in associates. The financial statements of the Company as at and for the financial year ended 31 December 2024 also include a joint operation. The Company is principally engaged in investment holding activities whilst the principal activities of the subsidiaries are as stated in Note 7 to the financial statements. These financial statements were authorised for issue by the Board of Directors on 28 April 2025. 1. BASIS OF PREPARATION (a) Statement of compliance The financial statements of the Group and of the Company have been prepared in accordance with MFRS Accounting Standards as issued by the Malaysian Accounting Standards Board (“MFRS Accounting Standards”), IFRS Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”) and the requirements of the Companies Act 2016 in Malaysia. The following are accounting standards, interpretations and amendments of the MFRS Accounting Standards that have been issued by the Malaysian Accounting Standards Board (“MASB”) but have not been adopted by the Group and by the Company: MFRS Accounting Standards, interpretations and amendments effective for annual periods beginning on or after 1 January 2025 • Amendments to MFRS 121, The Effects of Changes in Foreign Exchange Rates – Lack of Exchangeability MFRS Accounting Standards, interpretations and amendments effective for annual periods beginning on or after 1 January 2026 • Amendments to MFRS 9, Financial Instruments and MFRS 7, Financial Instruments: Disclosures – Classification and Measurement of Financial Instruments • Amendments that are part of Annual Improvements – Volume 11: - Amendments to MFRS 1, First-time Adoption of Malaysian Financial Reporting Standards - Amendments to MFRS 7, Financial Instruments: Disclosures - Amendments to MFRS 9, Financial Instruments - Amendments to MFRS 10, Consolidated Financial Statements - Amendments to MFRS 107, Statement of Cash Flows • Amendments to MFRS 9, Financial Instruments and MFRS 7, Financial Instruments: Disclosures – Contracts Referencing Nature-dependent Electricity
RkJQdWJsaXNoZXIy NDgzMzc=