Serba Dinamik Annual Report 2019

328 2019 ANNUAL REPORT ADDITIONAL INFORMATION SERBA DINAMIK HOLDINGS BERHAD 1. Imposition of Sanctions and/or penalties Aside from penalties imposed by the Inland Revenue Board detailed in Note 24 of the financial statements on page 290 and publicly announced on 26 February 2019, there were no other material sanctions/or penalties imposed on the Company and its subsidiaries, its Directors, or Management. 2. Variation in results from estimates, forecasts or unaudited results announced The Company did not release any profit estimates, forecasts or projections for the FYE2019 and there was no material variation between the audited results for the FYE2019 and the unaudited results previously announced. 3. Audit and Non-audit Fees The amount of audit and non-audit fees paid to the external auditors by the Group and the Company for the FYE2019 are as follows: The non-audit fees paid/payable to the external auditors during the FYE2019 amounted to RM659,000, in which the services rendered by the external auditors are not prohibited by regulatory and other professional requirements and are based on globally practiced guidelines on auditors’ independence. KPMG was engaged due to its expertise and experience, as well as its existing knowledge of the Group’s businesses. 4. Material Contracts To the best of the Board’s knowledge, there are no material contracts involving the Group with any of the major shareholders or directors in office during the FYE2019. 5. Utilisation of proceed from Corporate Proposal Undertaken in FYE2019. Kindly refer to segment of Management Discussion & Analysis on page 70. 6. RRPT Kindly refer to Note 31 of the financial statements from page 311 to 312. O T H E R C O M P L I A N C E I N F O R M A T I O N C H A P T E R 0 8 8 . 1 TYPE OF FEE Audit fees Non-Audit Fees RM 562,000 550,000 92,000 17,000 SERVICES Statutory Audit Review of the interim financial information, issuance of international Capital Markets Association ("ICMA") Comfort Letter in relation to issuance of USD Denominated International Sukuk Tax Audit Others