67 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY (Cont’d) (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 in 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 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 will or may affect the ability of the Group and 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 this report or the financial statements which would render any amount stated in the financial statements of the Group and of the Company misleading. AUDITORS The auditors, BDO PLT (LLP0018825-LCA & AF 0206), have expressed their willingness to continue in office. The details of auditors’ remuneration of the Company and its subsidiaries for the financial year ended 31 December 2021 are disclosed in Note 6 to the financial statements. Signed on behalf of the Board in accordance with a resolution of the Directors. Loh Wee Hian Sean S. Hesh Director Director Kuala Lumpur 28 March 2022 DIRECTORS’ REPORT CONT’D
RkJQdWJsaXNoZXIy NDgzMzc=