52 / 178
50
GHL Systems Berhad
(293040-D)
Annual report 2015
DIRECTORS’ INTERESTS (continued)
Number of ordinary shares of PHP100 each
Balance
Balance
as at
as at
1.1.2015
Bought
Sold
31.12.2015
Shares in a subsidiary, GHL Systems Philippines, Inc.
Loh Wee Hian
1
-
-
1
Kanagaraj Lorenz
1
-
-
1
By virtue of his interest in the shares of the Company, Loh Wee Hian is also deemed to be interested in the
ordinary shares of all the subsidiaries to the extent that the Company has an interest.
None of the other Directors holding office at the end of the financial year held any interest in ordinary shares and
options over ordinary shares in the Company or ordinary shares of its related corporations during the financial
year.
DIRECTORS’ BENEFITS
Since the end of the previous financial year, none of the Directors have received or become entitled to receive
any benefit (other than a benefit included in the aggregate amount of emoluments received or due and
receivable by the Directors as shown in the financial statements) by reason of a contract made by the Company
or a related corporation with the Director or with a firm of which the Director is a member, or with a company
in which the Director has a substantial financial interest other than those as disclosed in Note 33 to the financial
statements.
There were no arrangements during and at the end of the financial year, to which the Company is a party,
which had the object of enabling Directors to acquire benefits by means of the acquisition of shares in or
debentures of the Company or any other body corporate except for the share options granted pursuant to the
ESS disclosed in Note 32 to the financial statements.
OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY
(I) AS AT THE END OF THE FINANCIAL YEAR
(a) Before the statements of profit or loss and other comprehensive income and statements of financial
position of the Group and of the Company were made out, the Directors took reasonable steps:
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the
making of provision for doubtful debts and have satisfied themselves that all known bad debts
had been written off and that adequate provision had been made for doubtful debts; and
(ii) to ensure that any current assets other than debts, which were unlikely to realise their book values
in the ordinary course of business had been written down to their estimated realisable values.
(b) In the opinion of the Directors, the results of the operations of the Group and of the Company during
the financial year have not been substantially affected by any item, transaction or event of a material
and unusual nature.
Directors’
Report