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STAMFORD LAND CORPORATION LTD
NOTES TO THE FINANCIAL STATEMENTS
1 GENERAL
The Company is incorporated in Singapore with limited liability. The financial statements are presented in
Singapore dollars, which is the functional currency of the Company.
The principal activities of the Group consist of investment holding, hotel owning and management, travel
agency, trading and property investment and development.
The principal activity of the Company is that of an investment holding company. It is listed on the Singapore
Exchange Securities Trading Limited. Its registered office and principal place of business is at 200 Cantonment
Road, #09-01 Southpoint, Singapore 089763. The Company is domiciled in Singapore.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Statement of Compliance
The financial statements have been prepared in accordance with the Singapore Financial Reporting
Standards (“FRS”). The financial statements are prepared on a going concern basis under the historical cost
basis except as otherwise described in the notes below.
Changes and Adoption of New/Revised Financial Reporting Standards
On 1 April 2014, the Group adopted the new or amended FRS and Interpretations of FRS (“INT FRS”) that
are mandatory for application for the financial year. Changes to the Group’s accounting policies have been
made as required, in accordance with the transitional provisions in the respective FRS and INT FRS.
The adoption of these new or amended FRS and INT FRS did not result in substantial changes to the
accounting policies of the Group and the Company and had no material effect on the amounts reported for
the current or prior financial years.
FRS 112
Disclosures of Interests in Other Entities
FRS 110
Consolidated Financial Statements, and Amendment to FRS 27 (revised 2011)
FRS 111
Joint Arrangements, and Amendment to FRS 28 (revised 2011) Investments in Associates and Joint
Ventures
Amendment to FRS 36
Impairment of Assets
INT FRS 121
Levies
Amendments to FRS 19 (R)
Employee Benefits - Defined Benefit Plans: Employee Contributions
