66 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 EXECUTIVES’ SHARE SCHEME (Cont’d) The details of the options over the ordinary shares of the Company are as follows: Number of options over ordinary shares Outstanding as at 1.1.2021 Outstanding as at 31.12.2021 Exercisable as at 31.12.2021 Movements during the financial year Granted Bonus issue Exercised Forfeited* Date of offer 6 April 2018 - first tranche - - - - - - - - second tranche 120,000 - - (120,000) - - - - third tranche 1,419,000 - - (1,419,000) - - - 1,539,000 - - (1,539,000) - - - Option price 0.72 - - 0.72 - - - * Due to resignation DIRECTORS’ REMUNERATION The details of Directors’ remuneration are disclosed in Note 8 to the financial statements. INDEMNITY AND INSURANCE FOR DIRECTORS, OFFICERS AND AUDITORS The Group and the Company effected Directors’ liability insurance during the financial year to protect the Directors of the Group and of the Company against potential costs and liabilities arising from claims brought against the Directors. The amount of insurance premium paid by the Company for the financial year 2021 was RM31,005 (2020: RM30,525). There were no indemnity given to or insurance effected for the auditors of the Group and of the Company during the financial year. OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY (I) AS AT THE END OF THE FINANCIAL YEAR (a) Before the financial statements of the Group and of the Company were prepared, 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 have 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 other than debts, which were unlikely to realise their book values in the ordinary course of business have been written down to their estimated realisable values. (b) In the opinion of the Directors, the results of the operations of the Group and of the Company during the financial year have not been substantially affected by any item, transaction or event of a material and unusual nature. DIRECTORS’ REPORT CONT’D
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