What are the XBRL filing requirements
What is annual return (AR)
The Malaysian Business Reporting System (MBRS) refers to the submission platform based on the eXtensible Business Reporting Language (XBRL) format.
The MBRS allows for the submission of:
What are the taxonomy and accounting standards to be followed?
SSM XBRL Taxonomy (SSMxT) is a dictionary of financial and nonfinancial reporting element of FS, AR and EA embedded in MBRS Preparation Tool (mTool)
The SSMxT is based on the IFRS Taxonomy 2017 and incorporates local customization to support Malaysian additional information requirement under Companies Act 2016, Malaysian Financial Reporting Standards (MFRS) and Malaysian Private Entities Reporting Standard (MPERS).
The scope of the SSM taxonomy applicable to financial statements
The scope of the SSM taxonomy applicable to annual returns :
What information should be included in financial statements?
The financial statements can be filed
The contents of the financial statements should include the following financial information:
In additional certain non-financial information also should be included, as applicable
Exemption Applications (EA) related to the FS and AR
All companies are strictly required to file full sets of Financial Statements unless exempted by SSM. Key Financial Indicator (KFI) is an abridged filing of salient financial information. Companies are allowed to submit Key Financial Indicator (KFI) once granted approval for the “Application for exemption from filing financial statements in full XBRL format (EA2)” from SSM.