MISC Annual Report 2017

161 Financial Statements DIRECTORS' INTERESTS (CONT'D.) Number of ordinary shares 1 January 2017/Date of appointment Bought Sold 31 December 2017 Fellow subsidiary - PETRONAS Chemicals Group Berhad Direct Dato’ Ab. Halim bin Mohyiddin 5,000 - - 5,000 Datuk Manharlal Ratilal 20,000 - - 20,000 Datuk Nasarudin Md Idris 10,000 - - 10,000 Mohd Yusri bin Mohamed Yusof 6,000 - - 6,000 Number of ordinary shares 1 January 2017 Bought Sold 31 December 2017 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 Other than as disclosed above, none of the other directors in office at the end of the financial year had any interest and deemed interests in shares in the Corporation or its related corporations during the financial year. INDEMNITY AND INSURANCE COSTS During the financial year, the Corporation maintained a Directors' and Officers' Liability Insurance for the purpose of Section 289 of the Companies Act, 2016. The total insured limit for the Directors and Officers Liability Insurance effected for the Directors and Officers of the Corporation was RM142 million per occurrence and in the aggregate. The insurance premium for the Corporation is RM257,000. INDEMNIFICATION OF AUDITORS To the extent permitted by law, the Corporation has agreed to indemnify its auditor, Ernst & Young, as part of the terms of its audit engagement against claims by third parties arising from the audit for an unspecified amount. No payment has been made to indemnify Ernst & Young during or since the financial year. DIRECTORS ’ REPORT