79
ANNUAL REPORT 2016
OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY (continued)
(II) FROM THE END OF THE FINANCIAL YEAR TO THE DATE OF THIS REPORT
(c)
The Directors are not aware of any circumstances:
(i)
which would render the amounts written off for bad debts or the amount of the provision for doubtful debts in the financial
statements of the Group and of the Company inadequate to any material extent;
(ii)
which would render the values attributed to current assets in the financial statements of the Group and of the Company
misleading; and
(iii) which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and
of the Company misleading or inappropriate.
(d)
In the opinion of the Directors:
(i)
there has not arisen any item, transaction or event of a material and unusual nature likely to affect substantially the results of
the operations of the Group and of the Company for the financial year ended 30 June 2016 in which this report is made; and
(ii)
no contingent or other liability has become enforceable, or is likely to become enforceable, within the period of twelve (12)
months after the end of the financial year which would or may affect the ability of the Group or of the Company to meet their
obligations as and when they fall due.
(III) AS AT THE DATE OF THIS REPORT
(e)
There are no charges on the assets of the Group and of the Company which have arisen since the end of the financial year to secure
the liabilities of any other person.
(f)
There are no contingent liabilities of the Group and of the Company which have arisen since the end of the financial year.
(g)
The Directors are not aware of any circumstances not otherwise dealt with in the report or financial statements which would render
any amount stated in the financial statements of the Group and of the Company misleading.
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
Significant events during the financial year are disclosed in Note 39 to the financial statements.
SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD
Significant events subsequent to the end of the reporting period are disclosed in Note 40 to the financial statements.
AUDITORS
The auditors, BDO, have expressed their willingness to continue in office.
Signed on behalf of the Board in accordance with a resolution of the Directors.
…................................................
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Chiang Sang Sem
Datuk Chiang Heng Kieng
Group Executive Chairman
Group Managing Director
cum Chief Executive Officer
Kuala Lumpur
10 October 2016
Directors’ report
(Continued)
