The National Library Board (the “Board”) was established in Singapore under the National Library Act (Chapter 197).
The Board's registered office and principal place of operations is at 100 Victoria Street #14-01, Singapore 188064.
The Board's primary functions are to :
(a) establish and maintain libraries, and provide library information services;
(b) promote reading and encourage learning through the use of libraries and their services;
(c) provide a repository for library materials published in Singapore;
(d) acquire and maintain a comprehensive collection of library materials relating to Singapore and its people;
(e) establish standards for the training of library personnel;
(f) provide advisory and consultancy services concerning libraries and library information services;
(g) compile and maintain a national union catalogue and a national bibliography; and
(h) advise the Government on national need and policies in respect of matters relating to publicly-funded libraries and library information services in Singapore.
2. Summary of significant accounting policies
2.1 Basis of preparation
“The IFRIC was asked to determine”, and substitute the following words:
“This Interpretation determines”