GHL Systems Berhad Annual Report 2015

GHL Systems Berhad

(293040-D)

Annual report 2015

OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY (continued)

(II) FROM THE END OF THE FINANCIAL YEAR TO THE DATE OF THIS REPORT

(i) which would render the amounts written off for bad debts or the amount of the provision for

doubtful debts in the financial statements of the Group and of the Company inadequate to any

material extent;

(ii) which would render the values attributed to current assets in the financial statements of the Group

and of the Company misleading; and

(iii) which have arisen which would render adherence to the existing method of valuation of assets or

liabilities of the Group and of the Company misleading or inappropriate.

(d) In the opinion of the Directors:

(i) there has not arisen in 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 financial

year in which this report is made; and

(ii) no contingent or other liability has become enforceable, or is likely to become enforceable, within

the period of twelve (12) months after the end of the financial year which would or may affect the

ability of the Group and of the Company to meet their obligations as and when they fall due.

(III) AS AT THE DATE OF THIS REPORT

(e) There are no charges on the assets of the Group and of the Company which have arisen since the end

of the financial year to secure the liabilities of any other person.

(f) There are no contingent liabilities of the Group and of the Company which have arisen since the end

of the financial year.

(g) The Directors are not aware of any circumstances not otherwise dealt with in the report or financial

statements which would render any amount stated in the financial statements of the Group and of the

Company misleading.

Directors’

Report