Datasonic Group Berhad
(Company No. 809759-X)
60
DIRECTORS’ REPORT
(Continued)
RESERVES AND PROVISIONS
There were no material transfers to or from reserves or provisions during the financial year other than those
disclosed in the financial statements.
ISSUES OF SHARES AND DEBENTURES
During the financial year:-
(a) there were no changes in the authorised and issued and paid-up share capital of the Company;
and
(b) there were no issues of debentures by the Company.
OPTIONS GRANTED OVER UNISSUED SHARES
During the financial year, no options were granted by the Company to any person to take up any unissued
shares in the Company.
BAD AND DOUBTFUL DEBTS
Before the financial statements of the Group and of the Company were made out, the directors took
reasonable steps to ascertain that actions had been taken in relation to the writing off of bad debts and
the making of allowance for impairment losses on receivables, and satisfied themselves that there are no
known bad debts and that adequate allowance had been made for impairment losses on receivables.
At the date of this report, the directors are not aware of any circumstances that would require the writing off
of bad debts, or the additional allowance for impairment losses on receivables in the financial statements
of the Group and of the Company.
CURRENT ASSETS
Before the financial statements of the Group and of the Company were made out, the directors took
reasonable steps to ascertain that any current assets other than debts, which were unlikely to be realised
in the ordinary course of business, including their value as shown in the accounting records of the Group
and of the Company, have been written down to an amount which they might be expected so to realise.
At the date of this report, the directors are not aware of any circumstances which would render the values
attributed to the current assets in the financial statements of the Group and of the Company misleading.
VALUATION METHODS
At the date of this report, the directors are not aware of any circumstances which have arisen which render
adherence to the existing methods of valuation of assets or liabilities of the Group and of the Company
misleading or inappropriate.