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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
SHARE OPTIONS
No options have been granted by the Company to any parties during the financial year to take up unissued shares of the
Company.
No shares have been issued during the financial year by virtue of the exercise of any option to take up unissued shares of the
Company. As of the end of the financial year, there were no unissued shares of the Company under options.
OTHER FINANCIAL INFORMATION
Before the financial statements of the Group and of the Company were made out, the directors took reasonable steps:
(a) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance
for impairment losses on receivables, and had satisfied themselves that all known bad debts had been written off and
that adequate allowance had been made for impairment losses on receivables; and
(b) to ensure that any current assets which were unlikely to realise their book values in the ordinary course of business had
been written down to their estimated realisable values.
At the date of this report, the directors are not aware of any circumstances:
(a) which would cause the amount written off for bad debts or the amount of allowance for impairment losses on receivables
in the financial statements of the Group and of the Company to be inadequate to any substantial extent; or
(b) which would render the values attributed to current assets in the financial statements of the Group and of the Company
misleading; or
(c) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group and
of the Company misleading or inappropriate; or
(d) not otherwise dealt with in this report or financial statements which would render any amount stated in the financial
statements of the Group and of the Company misleading.
Other than the contingent liability as disclosed in Note 27 to the financial statements, at the date of this report, there does
not exist:-
(a) any charge on the assets of the Group and of the Company which has arisen since the end of the financial year which
secures the liability of any other person; or
(b) any contingent liability of the Group and of the Company which has arisen since the end of the financial year.
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, in the opinion of the directors, will or may substantially affect the ability of the Group
and of the Company to meet their obligations as and when they fall due.
In the opinion of the directors, 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 and of the Company for the succeeding financial year.
Directors’ Report
(cont’d)