Indofood Agri Resources: Financial Accounting

Responsible Alpha

Singapore’s Accounting Standards Council (ASC) has in recent years aligned itself in synch with all IAS/IFRS standards. Some firms continue to report under the previous standards, however. SFRS 16 paragraph B9 defines a lease as any contract that conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Indofood participates in Indonesia’s Plasma Scheme and has many relationships with Smallholder farmers.