Singapore incorporated companies which are either limited or limited by shares will be required to file their financial statements in XBRL for the purposes of AGM and subsequently to file with ACRA with effect from 1 November 2007 only if the financial period concerned ends on or after 30 April 2007.

The following categories of unlimited companies or companies limited by shares will not be required to file their accounts in XBRL format :-

a)   Banks, insurance companies and finance companies whose activities are regulated by the MAS; and

b)   Companies that are allowed by law to prepare accounts in accordance with accounting standards other than the Singapore Financial Reporting Standard or the International Financial Reporting Standard.

Companies in the excluded category shall continue to file their financial statement by attaching a PDF copy of the financial statements as tabled at or used for purposes of the Annual General Meeting (AGM).

Insolvent Exempt Private Company (EPCs) and EPCs that are required by law to file financial statements with ACRA will also do so in XBRL format.

Solvent EPCs will continue to be exempted from filing their financial statement with ACRA.

Companies limited by guarantee, and foreign companies and their local branched will continue to file their financial statement with ACRA with PDF.

Click here to find out more about Filing in XBRL.

Please do not hesitate to contact Ms Peggy, Tel 65 6533 7393 Ext. 115 if you require any further information.