evaluate whether the financial statements presented comply with the presentation requirements in IAS 1, Presentation of Financial Statements. Document your evaluation.
The Jardine Matheson Group is a major conglomerate within the Asian region. The company uses IFRS in preparing its financial statements ad has done so for a number of years. Access Jardine Matheson’s most recent annual report on the company’s website. Review the company’s consolidated financial statements to evaluate whether the financial statements presented comply with the presentation requirements in IAS 1, Presentation of Financial Statements. Document your evaluation.
Jardine organisation is considered as one of the major trading company. This vast company has a very diversified portfolio which contain the combination of various market leading organisation. In this company more than 440,000 number of employees works to run its business in China and other Southeast Countries
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The mesmerizing diversified portfolio of this Group comprises of 1.Jardine Pacific ,
2.Jardine Motors,
.3 Jardine Lloyd Thompson,
4.Jardine Strategic,
5 Hong Kong Land,
6.Dairy Farm,
7.Mandarin Oriental and other leaers in their industries.
Analysis
While observing the financial statements of Jardine matheson it was observed that it has used the IFRS framework to presents its finacial statement which includes 1.Consolidated Profit and Loss Account,
2.The Consolidated Statement of Comprehensive Income, 3.The Consolidated Balance Sheet,
4. Consolidated Statement of Changes in Equity,
5.Consolidated Cash Flow Statement.
Organisation followed IAS 1 for the presentation of the financial statement so the unbiased demonstation can be done for the results.
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