Jardine Matheson Group (Part 1)

The Jardine Matheson Group is a major conglomerate within the Asian region. Its business interests include large companies, which are market leaders in many fields, including engineering and construction, transport services, motor trading, property, retailing, and insurance broking. Jardine Matheson was incorporated in Bermuda; it has its primary share listing in London and secondary listings in Singapore and Bermuda; and it operates from Hong Kong and provides management services to other companies in the Group, which aims to produce sustained growth in shareholder value.1

Jardine Matheson uses IFRS in preparing its financial statements and has done so for a number of years.

Required:

Access Jardine Mathesons most recent annual report on the companys website Review the companys 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.

Consolidated Profit and Loss Account for the war ended December 2018 2018 perce Teace 38.74 Revenue Net operating costs Change in fair value 42,527 09.430) (38.558) (872) 553 034936 4,706 3.969 518 4,348 (312) (161 properties Operating profit Net financing charges Share of results of associates and joint ventures - before change in fair value of investment properties change in fair value of investment properties (32) 1.204 1.196 1,274 1,431 Profit before tax 1,204 4,102 1519) (40) 5.219 9.521 022) (973) 1964) Profit after tax 3.958 545 4,503 3,483 5.216 3,699 Attributable to: Shareholders of the Company Non-controlling Interests 1,732 1.543 2.400 1943 1.703 2,255 3.958 1.940 2.316 545 4.503 3.483 5216 3.699 Camings per share basic Consolidated Balance Sheet December 2018 34.753 33538 105 Bearer plants Associates and joint ventures Other e nts Non-cun debito Deferred to asses Pension assets Non-current assets 2592 3.02 2016 1.60 3.311 3.536 2010 Properties for sale Stocks and work in progress Cum debitors Cum investments Current tax assets Bank balances and other liquid funds - non financial services companies - Financial services companies Assets classified as held for sale Current assets 17,721 Total assets Approved by the Board of Directors Ben Keswick Johan Witt 28 2019 Consolidated Profit and Loss Account for the war ended December 2018 2018 perce Teace 38.74 Revenue Net operating costs Change in fair value 42,527 09.430) (38.558) (872) 553 034936 4,706 3.969 518 4,348 (312) (161 properties Operating profit Net financing charges Share of results of associates and joint ventures - before change in fair value of investment properties change in fair value of investment properties (32) 1.204 1.196 1,274 1,431 Profit before tax 1,204 4,102 1519) (40) 5.219 9.521 022) (973) 1964) Profit after tax 3.958 545 4,503 3,483 5.216 3,699 Attributable to: Shareholders of the Company Non-controlling Interests 1,732 1.543 2.400 1943 1.703 2,255 3.958 1.940 2.316 545 4.503 3.483 5216 3.699 Camings per share basic Consolidated Balance Sheet December 2018 34.753 33538 105 Bearer plants Associates and joint ventures Other e nts Non-cun debito Deferred to asses Pension assets Non-current assets 2592 3.02 2016 1.60 3.311 3.536 2010 Properties for sale Stocks and work in progress Cum debitors Cum investments Current tax assets Bank balances and other liquid funds - non financial services companies - Financial services companies Assets classified as held for sale Current assets 17,721 Total assets Approved by the Board of Directors Ben Keswick Johan Witt 28 2019