BHS Industries Berhad - Annual Report 2015 - page 33

32 A N N U A L R E P O R T 2 0 1 5
Directors’ benefits
Since the end of the previous nancial year, no director
has received or become entitled to receive any bene t
(other than a bene t included in the aggregate amount
of emoluments received or due and receivable by the
directors as shown in the financial statements) by
reason of a contract made by the Company or a related
corporation with the director or with a rm of which
the director is a member, or with a company in which
the director has a substantial nancial interest except
for any bene t which may be deemed to have arisen
by virtue of the transactions between the related
corporations and companies in which certain directors
of the Company have interests as disclosed in Note 28.1
to the nancial statements.
ere were no arrangements during or at the end of the
nancial year, which had the object of enabling directors
to acquire bene ts by means of the acquisition of shares
in, or debentures of, the Company or any other body
corporate.
Other statutory information
Before the nancial statements of the Group and the
Company were made out, the directors took reasonable
steps:
(a) to ascertain that action had been taken in relation
to the writing oƒ of bad debts and the making
of provision for doubtful debts and had satis ed
themselves that all known bad debts had been
written oƒ and that adequate provision had been
made for doubtful debts; and
(b) to ensure that any current assets which were
unlikely to realise their book values in the ordinary
course of business had been written down to their
expected realisable values.
At the date of this report, the directors are not aware of
any circumstances:
(a) which would render the amount written oƒ for bad
debts or the amount of the provision for doubtful
debts in the nancial statements of the Group
and the Company inadequate to any substantial
extent;
(b) which would render the values attributed to
current assets in the nancial statements of the
Group and the Company misleading; and
D i re c to r s ’ R epo r t
(c) which have arisen which render adherence to the
existing method of valuation of assets or liabilities
of the Group and the Company misleading or
inappropriate.
In the interval between the end of the nancial year and
the date of this report:
(a) no item, transaction or event of a material and
unusual nature has arisen which, in the opinion of
the directors, would substantially aƒect the results
of the operations of the Group and the Company
for the nancial year in which this report is made;
and
(b) no charge has arisen on the assets of the Group
and the Company which secures the liability of any
other person nor have any contingent liabilities
arisen in the Group and the Company.
No contingent or other liability of the Group and the
Company has become enforceable or is likely to become
enforceable within the period of twelve months after
the end of the nancial year which, in the opinion of
the directors, will or may aƒect the ability of the Group
and the Company to meet their obligations as and when
they fall due.
At the date of this report, the directors are not aware of
any circumstances not otherwise dealt with in this report
or the nancial statements, which would render any
amount stated in the nancial statements misleading.
Auditors
e auditors, Messrs Russell Bedford LC & Company,
have indicated their willingness to continue in o‹ce.
Signed on behalf of the Board
in accordance with a resolution of the directors,
________________________________
DATO’ LIM THIAM HUAT
________________________________
KOO THIAM YOONG
Kuala Lumpur
Dated: 26 October 2015