DIRECTORS’ REPORT
(CONT’D)
OTHER STATUTORY INFORMATION
Before the financial statements of the Group and of the Company were made out, the directors took reasonable
steps:
(i)
to ascertain that proper action had been taken in relation to the writing off of bad debts and the making
of provision for doubtful debts and satisfied themselves that all known bad debts had been written off and
that adequate provision had been made for doubtful debts, and
(ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting
records in the ordinary course of business had been written down to an amount which they might be
expected to realise.
At the date of this report, the directors are not aware of any circumstances:
(i)
that would render the amount written off for bad debts or the amount of the provision for doubtful debts in
the Group and in the Company inadequate to any substantial extent, and
(ii) that would render the value attributed to the current assets in the financial statements of the Group and of
the Company misleading, and
(iii) that would render any amount stated in the financial statements of the Group and of the Company
misleading, and
(iv) which have arisen which render adherence to the existing methods of valuation of assets or liabilities of the
Group and of the Company misleading or inappropriate.
At the date of this report, there does not exist:
(i)
any charge on the assets of the Group and of the Company that has arisen since the end of the financial
year which secures the liabilities of any other person, and
(ii) any contingent liability in respect of the Group and of the Company that has arisen since the end of the
financial year.
No contingent liability or other liability of the Group and of the Company has become enforceable, or is likely
to become enforceable, within the period of twelve months after the end of the financial year which, in the
opinion of the directors, will or may substantially affect the ability of the Group and of the Company to meet
their obligations as and when they fall due.
EVENTS AFTER REPORTING PERIOD
Details of events after reporting period are disclosed in Note 33 to the financial statements.
•
Pentamaster Corporation Berhad
(572307-U)
Annual Report 2014
33
