eKTP 33

Transition to MPERS
Part 1 of 3


Transition to Malaysian Private Entities Reporting Standard (“MPERS”).

All private entities shall apply MPERS in the preparation of their financial statements beginning on or after January 2016. Application of MPERS is retrospective and requires to restate the opening balance at the date of transition, i.e. 01 January 2015 for financial year ended 31 December 2016.


According to Section 35: First-time adoption of MPERS, the transition from PERS to MPERS will involve the following adjustments:

However, Section 35.10 allows certain exemption to retrospective application for all first-time adopters of MPERS. One of the example is revaluation of property, plant and equipment as deemed costs.


Please refer to the below link for further details:

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