Friday, July 18, 2008

Disclosure

In the Financial Statements (this includes income statements,balance sheet,statement of changes in equity and cash flow statement) there are items that may need to disclose to the public which can be found in the NOTES TO THE ACCOUNTS. This includes revenue, operating expenses, unusual items, taxation, earnings and net assets, dividends, share caps, reserves, loan n financing, deferred tax, receivables, depreciation, cash, deposits and bank balances, Minority Interest, provisions, and the list goes.

It is to ensure the true and fair view of the said financial statements. This to comply with Companies Act 1965 (correct me if i'm wrong) as well as SC and Bursa requirements. Everything need to be disclose for the stakeholders to know the overall view of the companies' performance.

But it differ to emails. Sometimes we may send to as many contacts in our list which all the recipients know to whom you send the emails to and sometimes we may want to undisclosed the other recipients of the emails that we sent. We put the contact list send : to bcc. We may choose to disclose or undisclosed. It is differ to the financial statements which i wrote earlier.


Same goes to me. I am not financial statements which i need to disclose everything to everybody. It is not necessary to me. I can be like the emails sender which i may opt to send to all or bcc my emails. Everything will be up to my consideration whether i want to disclose the matter or undisclosed it to everybody. You may not need to be like Daniel Pearl to dig out stories which will ended you to death.

So, back off!! When i feel like i want to disclose anything, i will definitely do. But if i feel like keeping it to myself, i'll keep it till my last breath. Don't be like Daniel Pearl or else you'll be killed physically or emotionally.

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