Serba Dinamik Annual Report 2019

204 2019 ANNUAL REPORT FINANCIAL STATEMENTS SERBA DINAMIK HOLDINGS BERHAD DIRECTORS’ RESPONSIBILITY STATEMENT FOR THE AUDITED FINANCIAL STATEMENTS The Directors are required by the Companies Act 2016 ("CA") to prepare the financial statements for each financial year which have been made out in accordance with the applicable Malaysian Financial Reporting Standards ("MFRSs)", the International Financial Reporting Standards ("IFRSs") and the requirements of the CA in Malaysia. The Directors are responsible to ensure that the financial statements give a true and fair view of the state of affairs of the Group and of the Company at the end of the financial year, and of the results and cash flows of the Group and of the Company for the financial year. In preparing the financial statements, the Directors have: adopted appropriate accounting policies and applied them consistently; made judgements and estimates that are reasonable and prudent; and prepared the financial statements on a going concern basis. The Directors are responsible to ensure that the Group and the Company keep accounting records which disclose the financial position of the Group and of the Company with reasonable accuracy, enabling them to ensure that the financial statements comply with the CA. The Directors are responsible for taking such steps as are reasonably open to them to safeguard the assets of the Group and of the Company, and to detect and prevent fraud and other irregularities. F I N A N C I A L S T A T E M E N T C H A P T E R 0 7 7 . 1