Asia Media Annual Report 2018

18 | P a g e 8. STATEMENT OF DIRECTORS’ RESPONSIBILITIES The directors are required by the Companies Act, 2016 (“the Act”) to prepare financial statements which give a true and fair view of the state of affairs of the Group and of the Company as at the end of each financial year. The directors ensure that suitable accounting policies have been used and applied consistently, and that reasonable and prudent judgments and estimates have been made, in the preparation of the financial statements. The directors also ensure that applicable approved accounting standards have been followed. The directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy the financial position of the Group and of the Company and to enable them to ensure that the financial statements comply with the Act. However, the current Board of Directors wishes to highlight that no important documents needed for the finalisation of Annual Report for FYE2018 were found and handed over by the previous Management. Therefore, the current Directors are unable to satisfy themselves that the audited financial statements of the Group and the Company as at 1 January 2018, and audited financial statements of the Group and the Company as at 31 December 2018 do not contain material misstatements that may materially affect the financial performance, cash flows and financial position of the Group and the Company. This statement is made in accordance with a resolution of the Board dated 25 October 2019.