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ANNUAL REPORT 2016
The Directors are required by the Companies Act, 1965 (“CA1965”) to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the Group and of the Company and their results and cash flows for the financial year. As required by CA1965 and
the Listing Requirements of Bursa Malaysia Securities Berhad, the financial statements of the Company have been prepared in accordance with
the applicable approved accounting standards in Malaysia and the provisions of CA1965.
In preparing the financial statements for the FY2016, the Directors have:-
•
selected suitable accounting policies and then applied them consistently;
•
made judgements and estimates that are reasonable and fair;
•
ensured that applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial
statements;
•
prepare the financial statements on a going-concern basis.
The Directors are responsible for ensuring that the Group and the Company keep proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Group and of the Company and to enable them to ensure that the financial statements are in
compliance with CA1965.
The Directors have a general responsibility for taking such steps that are reasonably available to them to maintain a sound risk management
framework and internal control system to safeguard the shareholders’ investment and the assets of the Group and of the Company and to prevent
and detect fraud and other irregularities.
Directors’ Responsibility Statement
