Malaysia FRS 110-Events After The Balance Sheet Date:Highlight of Changes

FRS 110 Events After The Balance Sheet Date take effect for annual periods beginning on or after 1 January 2006

The main changes from FRS 110- 2004 are tabulated as follows:

Section	Requirements
Paragraph 12 &13	The main change from FRS 110-2004 was a limited clarification of paragraphs 12 and 13 (paragraphs 11 and 12 of FRS 1102004). As revised,those paragraphs state that if an entity declares dividends after the balance sheet date,the entity shall not recognise those dividends as a liability at the balance sheet date. Hence,they can only be disclosed in the notes to the financial statements.

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