ENRA Group Berhad Annual Report 2018

43 A N N U A L R E P O R T 2 0 1 8 UTILISATION OF PROCEEDS The Company did not raise any proceeds from corporate proposals during the financial year ended 31 March 2018. AUDIT AND NON-AUDIT FEES The amount of remuneration received and receivable by the Company’s auditors, or a firm or corporation affiliated to the Company’s auditors for services rendered to the Group and the Company for the financial year under review are as follows: Group Company RM’000 RM’000 Statutory audit fees: By the Company’s auditors 114 52 By a member firm of the Company’s auditors 74 - 188 52 Non-audit fees: By the Company’s auditors 45 42 By a member firm of the Company’s auditors 147 - By affiliated company of the Company’s auditors (tax related) 103 52 295 94 483 146 Included in the non-audit fees above for the Group and the Company, are fees for services that are non-recurring in nature of RM219,650 and RM58,000 respectively. The recurring non-audit fees comprise tax compliance fees, review of Statement of Risk Management and Internal Control, review of Housing Development Act Accounts and quarterly financial statements review. MATERIAL CONTRACTS INVOLVING INTERESTS OF THE DIRECTORS OR MAJOR SHAREHOLDERS There were no material contracts entered into by the Company and its subsidiaries involving the interest of the Directors and major shareholders which were still subsisting as at the end of the financial year or which were entered into since the end of the previous financial year. EMPLOYEES’ SHARE SCHEME (“ESS”) The Company’s ESS comprising an employees’ share option scheme and an employees’ share grant plan was approved by the shareholders at the Extraordinary General Meeting held on 9 February 2018. The ESS came into effect on 12 February 2018 and shall be in force for a period of five (5) years. The ESS may be extended for such period, at the sole and absolute discretion of the Board, provided always that such extension of the ESS shall not in aggregate exceed a duration of ten (10) years or such other period as may be prescribed by Bursa Malaysia Securities Berhad or any other authorities from the effective date of the ESS. As at 27 June 2018, no option or share grant has been awarded to any person pursuant to the ESS. ADDITIONAL COMPLIANCE INFORMATION as at 27 June 2018