pg. 235 Financial Statements Integrated Annual Report 2025 Other statutory information (Cont’d) (b) At the date of this report, the Manager is not aware of any circumstances which would render: (i) it necessary to write off any bad debts or the amount of the provision for doubtful debts inadequate to any substantial extent; and (ii) the values attributed to the current assets in the financial statements of the Group and of the Fund misleading. (c) At the date of this report, the Manager is not aware of any circumstances which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and of the Fund misleading or inappropriate. (d) At the date of this report, the Manager is not aware of any circumstances not otherwise dealt with in this report or financial statements of the Group and of the Fund which would render any amount stated in the financial statements misleading. (e) As at the date of this report, there does not exist: (i) any charge on the assets of the Group and of the Fund which has arisen since the end of the financial year which secures the liabilities of any other person; or (ii) any contingent liability in respect of the Group and of the Fund which has arisen since the end of the financial year. (f) In the opinion of the Manager: (i) no contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year which will or may affect the ability of the Group or of the Fund to meet their obligations when they fall due; and (ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year and the date of this report which is likely to affect substantially the results of the operations of the Group or of the Fund for the financial year in which this report is made. (g) As of 31 December 2025, the current liabilities of the Group and the Fund have exceeded the current assets by RM42,069,419 and RM44,201,400 respectively. In the opinion of the Manager, the Group will be able to meet their obligations and liabilities as and when they fall due on the basis that the Group will be able to repay their borrowings when it matures. As of 31 December 2025, the Group had borrowings of RM118,000,000 with contractual maturity dates in March 2026. Subsequent to year end, the Group obtained offer letter from the bank approving a one-year extension of the repayment tenure for the facilities. Accordingly, manager is of the view that the Group will be able to meet its repayment obligations as and when they fall due, and that the going concern basis of preparation remains appropriate. MANAGER’S REPORT
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