Client : AMOOL MILK SDN BHD (A001)

YE / PE : 30 September 2016
MATERIALITY ASSESSMENT
OBJECTIVE: To determine a figure of audit materiality for application to the audit as a whole

Considerations As at 30 Sep 2016

Turnover 1,260,861
Total Assets 3,184,106
Net Profit/(Loss) 398,323
Net Profit/(Loss) Adjustment 0
Adjusted Net Profit/(Loss) Before Tax 398,323

Results computed based on ML setting criteria

Turnover 25,217
Total Assets 47,762
Net 39,832
Materiality Level 39,832
Final Materiality Level 39,800
Comment:
Adoption of final materiality level is based on net profit before tax (NPBT).
As Amool Sdn Bhd is a profit seeking enterprise, income from continuing operations may be a more appropriate
benchmark.

Performance materiality = RM 39,800,000 x 50%

= RM 19,900,000

Threshold = RM 39,800,000 x 10%

= RM 3,980,000

Conclusion:
I am satisfied that the figure determined above represents appropriate audit materiality

Prepared by:__LIEW POH YEE_____________________ Date____5/12/2016______

Reviewed

* Criteria for setting materiality level

Amount Range Profit Before Turnover And Materiality Level Range
Taxation Total Assets
From To From To
0 500,000 10.00% 3.00% 0 15,000
500,001 1,000,000 10.00% 2.50% 15,000 25,000
1,000,001 2,000,000 10.00% 2.00% 25,000 40,000
 2,000,001 5,000,000 10.00% 1.50% 40,000 75,000
5,000,001 999,999,999 10.00% 1.00% 75,000 999,999,999
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