Frontken Berhad Annual Report 2018

48 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 Information Other than the Financial Statements and Auditors’ Report Thereon =QN MR[NL]X[\ XO ]QN ,XVYJWb J[N [N\YXW\RKUN OX[ ]QN X]QN[ RWOX[VJ]RXW =QN X]QN[ RWOX[VJ]RXW LXVY[R\N\ ]QN RWOX[VJ]RXW RWLU^MNM RW ]QN JWW^JU [NYX[] K^] MXN\ WX] RWLU^MN ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb JWM X^[ J^MR]X[\۴ [NYX[] ]QN[NXW 8^[ XYRWRXW XW ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb MXN\ WX] LX_N[ ]QN X]QN[ RWOX[VJ]RXW JWM `N MX WX] NaY[N\\ JWb OX[V XO J\\^[JWLN LXWLU^\RXW ]QN[NXW 2W LXWWNL]RXW `R]Q X^[ J^MR] XO ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb X^[ [N\YXW\RKRUR]b R\ ]X [NJM ]QN X]QN[ RWOX[VJ]RXW JWM RW MXRWP \X LXW\RMN[ `QN]QN[ ]QN X]QN[ RWOX[VJ]RXW R\ VJ]N[RJUUb RWLXW\R\]NW] `R]Q ]QN ࠰WJWLRJU statements of the Group and of the Company or our knowledge obtained in the audit or otherwise appears to be materially VR\\]J]NM 2O KJ\NM XW ]QN `X[T `N QJ_N YN[OX[VNM `N LXWLU^MN ]QJ] ]QN[N R\ J VJ]N[RJU VR\\]J]NVNW] XO ]QR\ X]QN[ RWOX[VJ]RXW `N J[N [NZ^R[NM ]X [NYX[] ]QJ] OJL] @N QJ_N WX]QRWP ]X [NYX[] RW ]QR\ [NPJ[M Responsibilities of Directors for the Financial Statements =QN MR[NL]X[\ XO ]QN ,XVYJWb J[N [N\YXW\RKUN OX[ ]QN Y[NYJ[J]RXW XO ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb ]QJ] PR_N J ][^N JWM OJR[ _RN` RW JLLX[MJWLN `R]Q 6JUJb\RJW /RWJWLRJU ;NYX[]RWP <]JWMJ[M\ 2W]N[WJ]RXWJU /RWJWLRJU ;NYX[]RWP <]JWMJ[M\ JWM ]QN [NZ^R[NVNW]\ XO ]QN ,XVYJWRN\ *L] RW 6JUJb\RJ =QN MR[NL]X[\ J[N JU\X [N\YXW\RKUN OX[ \^LQ RW]N[WJU LXW][XU J\ ]QN MR[NL]X[\ MN]N[VRWN R\ WNLN\\J[b ]X NWJKUN ]QN Y[NYJ[J]RXW XO ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb ]QJ] J[N O[NN O[XV VJ]N[RJU VR\\]J]NVNW] `QN]QN[ M^N ]X O[J^M X[ N[[X[ 2W Y[NYJ[RWP ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb ]QN MR[NL]X[\ J[N [N\YXW\RKUN OX[ J\\N\\RWP ]QN 0[X^Y۴\ JWM ]QN ,XVYJWb۴\ JKRUR]b ]X LXW]RW^N J\ J PXRWP LXWLN[W MR\LUX\RWP J\ JYYURLJKUN VJ]]N[\ [NUJ]NM ]X PXRWP concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or the ,XVYJWb X[ ]X LNJ\N XYN[J]RXW\ X[ QJ_N WX [NJUR\]RL JU]N[WJ]R_N K^] ]X MX \X Auditors’ Responsibilities for the Audit of the Financial Statements 8^[ XKSNL]R_N\ J[N ]X XK]JRW [NJ\XWJKUN J\\^[JWLN JKX^] `QN]QN[ ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb J\ J `QXUN J[N O[NN O[XV VJ]N[RJU VR\\]J]NVNW] `QN]QN[ M^N ]X O[J^M X[ N[[X[ JWM ]X R\\^N JW J^MR]X[\۴ [NYX[] ]QJ] RWLU^MN\ X^[ XYRWRXW ;NJ\XWJKUN J\\^[JWLN R\ J QRPQ UN_NU XO J\\^[JWLN K^] R\ WX] J P^J[JW]NN ]QJ] JW J^MR] LXWM^L]NM RW JLLX[MJWLN with approved standards on auditing in Malaysia and International Standards on Auditing will always detect a material VR\\]J]NVNW] `QNW R] NaR\]\ 6R\\]J]NVNW]\ LJW J[R\N O[XV O[J^M X[ N[[X[ JWM J[N LXW\RMN[NM VJ]N[RJU RO RWMR_RM^JUUb X[ RW ]QN JPP[NPJ]N ]QNb LX^UM [NJ\XWJKUb KN NaYNL]NM ]X RW࠱^NWLN ]QN NLXWXVRL MNLR\RXW\ XO ^\N[\ ]JTNW XW ]QN KJ\R\ XO ]QN\N ࠰WJWLRJU \]J]NVNW]\ *\ J YJ[] XO JW J^MR] RW JLLX[MJWLN `R]Q JYY[X_NM \]JWMJ[M\ XW J^MR]RWP RW 6JUJb\RJ JWM 2W]N[WJ]RXWJU <]JWMJ[M\ XW *^MR]RWP `N NaN[LR\N Y[XON\\RXWJU S^MPNVNW] JWM VJRW]JRW Y[XON\\RXWJU \LNY]RLR\V ]Q[X^PQX^] ]QN J^MR] @N JU\X# x 2MNW]ROb JWM J\\N\\ ]QN [R\T\ XO VJ]N[RJU VR\\]J]NVNW] XO ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb `QN]QN[ M^N ]X O[J^M X[ N[[X[ MN\RPW JWM YN[OX[V J^MR] Y[XLNM^[N\ [N\YXW\R_N ]X ]QX\N [R\T\ JWM XK]JRW J^MR] N_RMNWLN ]QJ] R\ \^O࠰LRNW] JWM JYY[XY[RJ]N ]X Y[X_RMN J KJ\R\ OX[ X^[ XYRWRXW =QN [R\T XO WX] MN]NL]RWP J VJ]N[RJU VR\\]J]NVNW] [N\^U]RWP O[XV O[J^M R\ QRPQN[ ]QJW OX[ XWN [N\^U]RWP O[XV N[[X[ J\ O[J^M VJb RW_XU_N LXUU^\RXW OX[PN[b RW]NW]RXWJU XVR\\RXW\ VR\[NY[N\NW]J]RXW\ X[ ]QN X_N[[RMN XO RW]N[WJU LXW][XU x Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate RW ]QN LR[L^V\]JWLN\ K^] WX] OX[ ]QN Y^[YX\N XO NaY[N\\RWP JW XYRWRXW XW ]QN NOONL]R_NWN\\ XO ]QN 0[X^Y۴\ JWM ]QN ,XVYJWb۴\ RW]N[WJU LXW][XU x Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related MR\LUX\^[N\ VJMN Kb ]QN MR[NL]X[\ Independent Auditors’ Report To The Member Of Frontken Corporation Berhad (cont’d)