Jardine Matheson Group (Part 1)

With its broad portfolio of market-leading businesses, the Jardine Matheson Group

is an Asian-based conglomerate with extensive experience in the region. Its business

interests include Jardine Pacifi c, Jardine Motors Group, Hongkong Land, Dairy Farm,

Mandarin Oriental, Cycle & Carriage, and Jardine Lloyd Thompson. These companies

are leaders in the fi elds of engineering and construction, transport services, motor

trading, property, retailing, restaurants, hotels, and insurance broking.

The Groups strategy is to build its operations into market leaders across Asia

Pacifi c, each with the support of Jardine Mathesons extensive knowledge of the

region and its long-standing relationships. Through a balance of cash-producing

activities and investment in new businesses, the Group aims to produce sustained

growth in shareholder value.

Incorporated in Bermuda, Jardine Matheson has its primary share listing in

London, with secondary listings in Singapore and Bermuda. Jardine Matheson

Limited operates from Hong Kong and provides management services to Group

companies, making available senior management and providing fi nancial, legal,

human resources, and treasury support services throughout the Group. 1

Jardine Matheson uses International Financial Reporting Standards in preparing

its fi nancial statements and has done so for a number of years.

Read the above Case. What are the applicable financial reporting standards for Jardine Matheson in Bermuda, Hong Kong, London, Singapore, and the United States? Why?