The Malaysian Business Reporting System or its acronym, MBRS refer to the submission platform based on the extensible Business Reporting Language (XBRL) format.
MBRS allow for the submission of:
i. Annual Return (AR);
ii. Financial Statements and Report (FS); and
iii. Exemption Applications (EA) related to the FS and AR.
The guiding principles behind the financial and the non-financial scopes under MBRS 2.0 are based on;
1. Companies Act 2016;
2. Companies Act 1965;
3. Applicable approved accounting standards for financial statements of:
- Public companies and its subsidiaries, associate of, or jointly controlled by, an entity which is required to prepare or lodge any financial statement under any law administered by the Securities Commission or the Bank Negara Malaysia using the Malaysian Financial Reporting Standards (MFRS); and
- Private companies using the Malaysian Private Entities Reporting Standards in Malaysia (MPERS).
Components of MBRS
Type of Submission
The MBRS Summary Sheet guide users on the scope of MBRS filing which is allowed under the MBRS submission platform. The submissions however will be determined by the information filled in the MBRS Preparation Tool (mTool).