Page 89 - S P Setia Annual Report 2013
P. 89

Annual Report 2013 S P SETIA BERHAD GROUP Financial Statements | 87





DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






OtHeR StatUtORY inFORmatiOn (cOnt’D)

(b) At the date of this report, the directors are not aware of any circumstances:
(i) which would render the amount written off for bad debts or the amount of the allowance for doubtful debts in the fnancial statements
of the Group and of the Company inadequate to any substantial extent; or
(ii) which would render the values attributed to the current assets in the fnancial statements of the Group and of the Company misleading;
or

(iii) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group and of the Company
misleading or inappropriate.

(c) 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 fnancial year which secures the liabilities
of any other person; or

(ii) any contingent liability of the Group or of the Company which has arisen since the end of the fnancial year.
(d) No contingent or other liability of the Group or of the Company has become enforceable or is likely to become enforceable within the period
of twelve months after the end of the fnancial year which, in the opinion of the directors, will or may affect the ability of the Group or of the
Company to meet their obligations as and when they fall due.

(e) At the date of this report, the directors are not aware of any circumstances, not otherwise dealt with in this report or the fnancial statements
of the Group and of the Company which would render any amount stated in the respective fnancial statements misleading.

(f) In the opinion of the directors:

(i) the results of the operations of the Group and of the Company for the fnancial year were not substantially affected 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 fnancial year and the date of this report any item, transaction or event of a
material and unusual nature likely to affect substantially the results of the operations of the Group and of the Company for the fnancial
year in which this report is made.


HOlDinG cOmPanY
The directors regard Permodalan Nasional Berhad, a company incorporated in Malaysia, as the Company’s holding company.


aUDitORS
The auditors, Mazars, Chartered Accountants, have expressed their willingness to continue in offce.


Signed on behalf of the directors in accordance with a directors’ resolution dated 12 December 2013


tan SRi DatO’ SRi lieW Kee Sin DatO’ VOOn tin YOW
Director Director


Kuala Lumpur
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