Business
Annual Report and Accounts
Annual Report and Accounts.
About this update from Steppe Cement Ltd
[{"type":"text","content":"\n Steppe Cement Limited\n21 April 2008\n\n\n Steppe Cement Limited\n Accounts for the year ended 31 December 2007\n\nThe accounts for Steppe Cement Limited ('Steppe' or the 'Company') for the year\nended 31 December 2007 follow. A pdf version is available from the Company's\nwebsite (www.steppecement.com).\n\nSteppe Cement's AIM nominated adviser is RFC Corporate Finance Ltd. Contact\nStephen Allen on +61 8 9480 2500.\n\n\nSTEPPE CEMENT LTD\n(Incorporated in Labuan FT, Malaysia under the Offshore Companies Act, 1990)\nAND ITS SUBSIDIARY COMPANIES\n\n\n\nFINANCIAL STATEMENTS\n\n\nCONTENTS PAGE(S)\n\n\nReport of the auditors 1 - 2\n\nIncome statements 3\n\nBalance sheets 4 - 5\n\nStatements of changes in equity 6 - 8\n\nCash flow statements 9 - 11\n\nNotes to the financial statements 12 - 57\n\nStatement by Director 58\n\n\n\n STEPPE CEMENT LTD\n (Company No. LL04433)\n (Incorporated in Malaysia)\n AND ITS SUBSIDIARY COMPANIES\n\n FINANCIAL STATEMENTS\n FOR THE YEAR ENDED 31 DECEMBER 2007\n (In United States Dollar)\n\nREPORT OF THE AUDITORS TO THE MEMBERS OF\n\nSTEPPE CEMENT LTD\n\n(Incorporated in Labuan FT, Malaysia under the Offshore Companies Act, 1990)\n\nWe have audited the accompanying balance sheets of Steppe Cement Ltd as of 31\nDecember 2007 and the related statements of income, cash flows and changes in\nequity for the financial year then ended. These financial statements are the\nresponsibility of the Company's directors. It is our responsibility to form an\nindependent opinion, based on our audit, on these financial statements and to\nreport our opinion to you, as a body, in accordance with Section 117 of the\nOffshore Companies Act, 1990 and for no other purpose. We do not assume\nresponsibility towards any other person for the content of this report.\n\nWe conducted our audit in accordance with approved standards on auditing in\nMalaysia. These standards require that we plan and perform the audit to obtain\nreasonable assurance about whether the financial statements are free of material\nmisstatement. An audit includes examining, on a test basis, evidence supporting\nthe amounts and disclosures in the financial statements. An audit also includes\nassessing the accounting principles used and significant estimates made by the\ndirectors, as well as evaluating the overall financial statements presentation.\nWe believ...