MKH Annual Report 2018

79 MKH Berhad Annual Report 2018 STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS Before financial statements of the Group and of the Company were prepared, the directors took reasonable steps: (i) to ascertain that proper action had been taken in relation to the writing o of bad debts and the making of allowance for doubtful debts and had satisfied themselves that all known bad debts had been written o and that adequate allowance had been made for doubtful debts; and (ii) to ensure that any current assets which were unlikely to realise in the ordinary course of business including 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: (i) which would render the amount written o for bad debts or amount of the allowance for doubtful debts in the financial statements of the Group and of the Company inadequate to any substantial extent; or (ii) which would render the values attributed to current assets in the financial statements of the Group and of the Company misleading; or (iii) which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate; or (iv) not otherwise dealt with in this report or the financial statements which would render any amount stated in the financial statements misleading. At the date of this report, there does not exist: (i) any charge on the assets of the Group or of the Company which has arisen since the end of the financial year which secures the liability of any other person; or (ii) any contingent liability of the Group or 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 a ect the ability of the Group and of the Company to meet their obligations when they fall due. In the opinion of the directors: (i) the results of the operations of the Group and of the Company during the financial year were not substantially a ected by any item, transaction or event of a material and unusual nature; and (ii) there has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature likely to a ect substantially the results of the operations of the Group and of the Company for the financial year in which this report is made. DIRECTORS’ REPORT