EXCEL FORCE MSC BERHAD Annual Report 2023

EXCEL FORCE MSC BERHAD 39 The directors are required by the Companies Act 2016 to prepare financial statements which give a true and fair view of the state of affairs of the Group and the Company at the end of each financial year and of their results and cash flows for the financial year then ended. In preparing the financial statements, the directors have: • adopted appropriate accounting policies and applied them consistently; • made judgements and estimates that are reasonable; • ensured that applicable accounting standards have been complied with; and • applied the going concern basis. The directors are responsible for ensuring that the Group and the Company keep proper accounting records, which disclose with reasonable accuracy on the financial position of the Group and of the Company, and which enable them to ensure that the financial statements comply with the provisions of the Companies Act 2016. The directors are responsible for taking reasonable steps to safeguard the assets of the Group and the Company and to prevent and detect other irregularities. Statement of Directors’ Responsibility In Respect of the Audited Financial Statements

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