My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 206 ADDITIONAL COMPLIANCE INFORMATION DIRECTORS’ RESPONSIBILITY STATEMENT 1. Utilisation of Proceeds The Company did not implement any fund-raising exercise during the financial period. 2. Material Contracts There were no material contracts subsisting at the end of the FP2019 entered into by the Group involving the interests of the Directors and major shareholders. 3. Contracts Relating to Loans There were no contracts relating to loans by the Company involved Directors’ and major shareholders’ interests. 4. Recurrent Related Party Transactions Details of transactions with related parties undertaken by the Group during the FP2019 are disclosed in Note 46(b) to the Financial Statements. The Board is required by the Act to present the financial statements for each financial year which have been made out in accordance with the applicable approve accounting standards and give a true and fair view of the state of affairs, the results and cash flows of the Group and the Company. The Board is satisfied that in preparing the financial statements of the Group and the Company for the FP2019, the appropriate accounting policies were used and applied consistently, adopted to include new and revised MFRS where applicable. The Board is also at the view that relevant approved accounting standards have been followed in the preparation of these financial statements. The Directors are responsible for ensuring that the Company keeps proper accounting records which enable the financial position of the Group and the Company to be disclosed with reasonable accuracy and which enable them to ensure that the financial statements comply with the Act. The Directors have overall responsibility for taking such steps that are reasonably open to them to safeguard the assets of the Group to prevent and detect fraud and irregularities.