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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 8 / 1981 | 
                
    
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Negative goodwill amounted to RM6,550,271 has been written off to retained earnings as required by FRS 3.
The effect of the changes in policy is attached below;
| |As at 31 December 2005 |
| |As previously stated |Adjustment |As restated |
| |RMâ000 |RMâ000 |RMâ000 |
|Retained earnings |37,983 |6,638 |44,621 |
|Reserve on consolidation |6,550 |(6,550) |0 |
|Goodwill |376 |88 |464 |
FRS 101: Presentation of Financial Statements
The adoption of FRS 101 has no financial impact on the Group but has affected the presentation of minority interest, share of net after-tax result of associates and certain disclosures...
        
        
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In the Consolidated Balance Sheet, minority interests are now presented within total equity. In the Consolidated Income Statement, minority interests are presented as an allocation of the total profit or loss for the period. A similar requirement is also applicable to the statement of changes in equity...
        
        
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            General points of the essay
            
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