Maxis Berhad | Annual Report 2013

Maxis Berhad | Annual Report 2013 72 DIRECTORS’ REPORT Continued DIRECTORS’ INTERESTS According to the Register of Directors’ shareholdings, particulars of interests of the Directors who held office at the end of the financial year in shares in the Company are as follows: NUMBER OF ORDINARY SHARES OF RM0.10 EACH IN THE COMPANY AS AT AS AT 1.1.2013 BOUGHT SOLD 31.12.2013 Raja Tan Sri Dato’ Seri Arshad bin Raja Tun Uda 750,000 (1) – – 750,000 (1) Robert William Boyle 100,000 (2) – – 100,000 Dato’ Mokhzani bin Mahathir 751,000 (3) – – 751,000 (3) Augustus Ralph Marshall 750,000 (1) – – 750,000 (1) Chan Chee Beng 750,000 – – 750,000 (1) Notes: (1) Held through a nominee, namely CIMSEC Nominees (Tempatan) Sdn. Bhd. (2) Held through a nominee, namely CIMSEC Nominees (Asing) Sdn. Bhd. (3) Includes deemed interest in 1,000 shares in the Company held by spouse pursuant to Section 134(12)(c) of the Companies Act, 1965 Other than as those disclosed above, according to the Register of Directors’ shareholdings, none of the Directors in office at the end of the financial year held any interest in shares and options over shares in the Company and its related corporations during the financial year. IMMEDIATE HOLDING, INTERMEDIATE HOLDING, PENULTIMATE HOLDING AND ULTIMATE HOLDING COMPANIES The Directors regard BGSM Equity Holdings Sdn. Bhd. as the immediate holding company, BGSM Management Sdn. Bhd. as the intermediate holding company, Maxis Communications Berhad as the penultimate holding company and Binariang GSM Sdn. Bhd. as the ultimate holding company. All these companies are incorporated and domiciled in Malaysia. STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS Before the statements of profit or loss, statements of comprehensive income and statements of financial position 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 and satisfied themselves that all known bad debts had been written off and that adequate allowance had been made for impairment; and (b) to ensure that any current assets, other than debts, which were unlikely to realise in the ordinary course of business, their values as shown in the accounting records of the Group and of the Company had been written down to an amount which they might be expected so to realise. At the date of this Report, the Directors are not aware of any circumstances: (a) which would render the amounts written off for bad debts or the amount of the allowance for impairment in the financial statements of the Group and of the Company 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.