Directors’ interests (cont’d.) Number of ordinary shares of RM0.50 each 1 January 31 December 2016 Bought Sold 2016 Subsidiary - Malaysia Marine and Heavy Engineering Holdings Berhad Direct Dato’ Ab. Halim bin Mohyiddin 5,000 – – 5,000 Datuk Nasarudin Md Idris 10,000 – – 10,000 Dato’ Halipah binti Esa 10,000 – – 10,000 Dato’ Kalsom binti Abd. Rahman 90,000 – – 90,000 Indirect Dato’ Halipah binti Esa# 10,000 – – 10,000 # Deemed interest by virtue of Director’s family members’ shareholding. Other than as disclosed above, none of the other directors in office at the end of the financial year had any interest in shares in the Corporation or its related corporations during the financial year. Other statutory information (a) Before the income statements, statements of comprehensive income, and statements of financial position of the Group and of the Corporation 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 so to realise. (b) At the date of this report, the directors are not aware of any circumstances which would render: (i) the amount written off for bad debts or the amount of the provision for doubtful debts in the financial statements of the Group and of the Corporation inadequate to any substantial extent; and (ii) the values attributed to the current assets in the financial statements of the Group and of the Corporation misleading. Financial Statements 159
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