OTHER STATUTORY INFORMATION (a) Before the financial statements of the Group and of the Corporation were made out, the directors took reasonable steps: (i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for doubtful debts, and satisfied themselves that all known bad debts had been written off and that adequate provision had been made for doubtful debts; and (ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the ordinary course of business had been written down to an amount which they might be expected so to realise. (b) At the date of this report, the directors are not aware of any circumstances which would render: (i) the amount written off for bad debts or the amount of the provision for doubtful debts in the financial statements of the Group and of the Corporation inadequate to any substantial extent; and (ii) the values attributed to the current assets in the financial statements of the Group and of the Corporation misleading. (c) At the date of this report, the directors are 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 Corporation misleading or inappropriate. (d) At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or financial statements of the Group and of the Corporation which would render any amount stated in the financial statements misleading. (e) At the date of this report, there does not exist: (i) any charge on the assets of the Group or of the Corporation which has arisen since the end of the financial year which secures the liabilities of any other person; or (ii) any contingent liability of the Group or of the Corporation which has arisen since the end of the financial year. (f) In the opinion of the directors: (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 and of the Corporation 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 substantially affect the results of the operations of the Group or of the Corporation for the financial year in which this report is made. The Corporation has been granted a relief order pursuant to Section 255(1) of the Companies Act 2016 relieving the Corporation’s Directors from full compliance to the requirements under Section 253(2) of the Companies Act 2016. AUDITORS The auditors, Ernst & Young PLT have expressed their willingness to continue in office. The auditors’ remuneration are disclosed in Note 5 to the financial statements. Signed on behalf of the Board in accordance with a resolution of the directors dated 21 February 2022. Datuk Abu Huraira bin Abu Yazid Datuk Yee Yang Chien DIRECTORS’ REPORT DIRECTORS’ REPORT MISC Berhad 294 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 295 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
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