We, being the officers primarily responsible for the accounting records and financial management of PERSATUAN ALUMNI SEKOLAH MENENGAH ASSUNTA, PETALING JAYA, SELANGOR (1999), do solemnly declare that the Balance Sheet, Statement of Income and  Expenditure and Statement of Receipts and Payments together with the notes set out on pages 3 to 9 are properly drawn up and so as to give a true and fair view of the state of affairs of the Society for the year ended 31 December 2002
 

PEGGY LIU President	MELISSA NG Secretary	CHRISTINA CHAN Treasurer

Dated: 
Kuala Lumpur
 

AUDITOR'S REPORT

We have audited the accounts of the PERSATUAN ALUMNI SEKOLAH MENENGAH ASSUNTA, PETALING JAYA, SELANGOR (1999), in  accordance with approved auditing standards. 

In our opinion:- 

a)    The financial statements set out on pages 3 to 9 are properly drawn up and so as to give a true and fair view of the state of affairs of the Society as at 31 December 2002 and the Balance Sheet, Statement of Receipts and Payments for the year ended on that date, and

b)    the accounting and other records required by the Society Act 1966 have been properly kept in accordance with the provisions of the said Act.

Bandar Baru Bangi. 

BALANCE SHEET AS AT 31 DECEMBER 2000

STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2002

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 2002
 

NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2001 

1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Accounting Convention

The accounts have been prepared under the historical cost convention and approved accounting standard in Malaysia.

(b) Income Recognition

Income from fees and subscription are recognised based on cash basis. 

(c) Stock

Stock are valued at the cost price.

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