eKTP 35

Transition to MPERS
Part 3 of 3


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

According to Section 5 of MPERS: Statement of Comprehensive Income and Income Statement, the statement shall include all items of income and expense recognised in a period, comprises of: 

  • Items recognised as profit or loss and

  • Items of other comprehensive income (“OCI”)

Under MPERS, OCI comprises of: -

  • Gain or losses arising on translating the financial statement of a foreign operations

  • Actuarial gain or losses

  • Changes in fair values of hedging instruments

  • Changes in revaluation surplus for property, plant and equipment (2015 amendments)

Private entities reporting using the MPERS are required to apply the 2015 Amendments for annual periods beginning on or after 1 January 2017. Early adoption is permitted but relevant disclosure shall be made.


Please refer to the below link for further details:

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