KUB Malaysia Berhad Annual Report 2021

Statement of Directors’ Responsibility FOR THE AUDITED FINANCIAL STATEMENTS The Directors are required by the Companies Act, 2016 to prepare the financial statements for each financial year which have been made out in accordance with the applicable accounting standards and the requirements of the Companies Act, 2016 in Malaysia. The Directors are responsible to ensure that the financial statements give a true and fair view of the state of affairs of KUB Group and the Company at the end of the financial period, and of the results and cash flows of KUB Group and the Company for the financial period. In preparing the financial statements, the Directors have: • Adopted appropriate accounting policies and applied them consistently; • Made judgements and estimates that are reasonable and prudent; and • Prepared the financial statements on a going concern basis. The Directors are responsible to ensure that KUB Group and the Company keep accounting records which disclose the financial position and performance of KUB Group and the Company with reasonable accuracy, enabling them to ensure that the financial statements comply with the Companies Act, 2016. The Directors are responsible for taking such reasonable steps to safeguard the assets of KUB Group and the Company, to detect and prevent fraud and other irregularities. 42 KUB MALAYSIA BERHAD