MK Land Announces Publication of 2026 Annual Report
Bitget2026/10/27 07:23- BDO PLT issued an independent auditor’s report dated October 22, 2026, on MK Land’s financial statements for the year ended June 30, 2026.
- The unmodified opinion found the group and company financial statements gave a true and fair view under Malaysian and IFRS accounting standards.
- Property development revenue recognition was a key audit matter, reflecting significant judgment over performance obligations and estimated completion costs.
- Contingent tax liabilities were another key audit matter, involving RM 84 million in additional assessments for 2018–2023 against the company and five subsidiaries.
- A RM 20 million provision reflected management’s latest exposure assessment; auditors reviewed legal opinions, consulted a tax specialist and confirmed litigation status.
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