Directors' Report is a crucial document for shareholders, outlining financial results, key decisions, challenges, and compliance under Indi
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Directors' Report is a crucial document for shareholders, outlining financial results, key decisions, challenges, and compliance under Indi
Excel Crop Care Ltd appoints Mr. Kiyoshi Takayama as Executive Director | AgroNews
Excel Crop Care Ltd appoints Mr. Kiyoshi Takayama as Executive Director | AgroNews
"At the Meeting of the Board of Directors of Excel Crop Care Ltd held on 28th February, 2018 the Board has approved appointment of Mr. Kiyoshi Takayama as the Executive Director of the Company with effect from 1st April, 2018, subject to the approval of the Members.
Mr. Kiyoshi Takayama is an employee of Sumitomo Chemical Company, Limited, Japan, the Company’s holding company, who have seconded…
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1 Adama Directors Report Q3 2016 PDF
1 Adama Directors Report Q3 2016 PDF
Analysis of the Company’s Adjusted Results Sales
Sales increased by 5.6% in the quarter and by 4.1% in the nine-month period, at constant exchange rates, compared with the corresponding periods last year. This was driven by significant volume growth of improved portfolio mix in most regions, with overall volume growth of 8.4% in the quarter and 5.6% in the nine-month period, despite the…
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Director's Report: An Essential Part of Singapore Accounting
A Director's Report is a part of every Singapore-based company's audited or unaudited account and annual report. Typically, it is presented with the balance sheet, financial statement, and other accounting documents. Often, the director's report is compiled and presented as it is one of the compliance requirements stated by the Accounting & Corporate Regulatory Authority (ACRA) for every company based in Singapore.
But, compiling the Director's Report can be a challenging task unless you are well accustomed to the ins and outs of Singapore accounting laws and practices. Moreover, implementation of full XBRL filing (from March 2014) of company's audited account has made the task even trickier. The good news is, you can take the help of professional accounting services Singapore to prepare the report on your behalf.
When to Prepare and Submit a Director's Report in Singapore?
Reiterating, a Director's Report is an indispensable part of a company's audited or unaudited account, and thus, it has to be prepared and submitted whenever accounts or annual reports of the company have to be submitted as per the law.
ACRA decreed the newly incorporated companies to submit their Annual Returns ( incorporates Director's Report as well) to the authority within 18 months from the date of their incorporation. An officer of the company or a representative from a professional accounting firm in Singapore can submit the Annual Reports (ARs) with ACRA. Existing companies are required to submit their Annual Report on an annual basis.
What Entails in a Director's Report?
As per the section 201 of Singapore Companies Act, a Director's Report must meet following requirements:
A Written Resolution by Director
Signed by at least two directors (one in case of single director)
Company's Profit and Loss Statement for the financial year
Statement of the company’s affairs at the end of its financial year
List the names of the director in company as at the date of the Director's report
Disclosure of each director's interests in the company
Who should Compile a Director's Report?
A professionally Accredited Chartered Accountant is the right person to draft or compile an effective Director's Report for you. He may be an in-house employee of your company or an expert from the Singapore accounting firm you have hired.
No matter whoever drafts or compiles the report, it is the directors of the companies who sign off will be held responsible for the statements made in the Director's Report and its completeness. The directors will be the one who needs to answer the questions and face the legal penalties, in the case of any legal issue arising out of it.
A Director's report can be evaluated or judged by your potential investors, business partners, suppliers or consumers. It must be drafted in an impressive manner while adhering to the recommendation of ACRA. A good and experienced accounting firm in Singapore such as SBS Consulting can ensure to draft an effective Director's Report. Thereby, consider hiring a trusted professional firm and get a Director's Report that is highly arresting, informative and compliance-friendly.
Spring I Fellowship \\ Directors Report
The Spring I 2013 Fellowship Season ended. Fellowship recipients LuLing Osofsky (writing), Harold Mendez (visual arts), and Boru O'Brien O'Connell (visual arts) were Artist-in-Residence on Fishers Island from March 1st to April 15th.
DIRECTOR’S REPORT 2010/11
QUEENSWOOD COURT FREEHOLD COMPANY
DIRECTOR’S REPORT 2010/11
Following 2009 where only minor works of maintenance were undertaken by the Company 2010 has seen a major project undertaken, namely the rear elevation, more of which below. We would like again to begin by thanking our Managing Agent Samuel Kamara for his hard work in managing Queenswood Court and for his excellent advice to the Board throughout the year.
The Board of Directors – Caroline Begley, Annabel Jackson, Fernando Kufer, Caroline Pickering, Prithvi Patil and Roshni Surana - has maintained regular email contact on various issues as well as attending frequent Directors meetings.
The Board would like to thank Eddie Rich for his hard work on behalf of QWC. Eddie resigned from the Board in September.
A synopsis of the year is as follows:
Lease Extensions
Following specialist tax advice regarding the tax position of granting 999 year leases it was shown that the Company will not have any tax liability for the granting of new leases.
Therefore, the Company will be offering Lessees 999 year lease extension at no premium. However, Lessees will be required to meet the Company’s legal costs. Stiles Harold Williams will detail the procedure for Lease Extensions under a separate cover.
Five Year Plan
Following requests by Lessees at the AGM last year we are able to provide estimated figures for work to be undertaken over the course of the next 5 years:
Front elevation - £105,238
Left Hand Flank - £13,377
Right Hand Flank - £7,325
Ground Works - £40,000
Garages
A group of Lessees spearheaded by Caroline Begley and Fernando Kufer cleared rubbish from the Garages owned by QWC. This will enable the Company to hopefully earn income from them in the near future.
The Board will continue to offer these garages to residents in the first instance.
Common Areas
The Board is considering a good neighbour initiative focussing on housekeeping, particularly keeping the communal areas clear of items such as bikes and cigarette butts being disposed of properly, and consideration when using the garden in the Summer months.
External Repairs and Redecorations: Rear Elevation
The Board asked Stiles Harold Williams to prepare the specification for the work to be undertaken to the rear elevation of the building.
The section 20 notice sent to tenants expired on 17 August 2010 and work began soon after.
The work has now been completed and has come in approximately £5000 under budget. A QWC first!