PRG Holdings Berhad Annual Report 2019

ANNUAL REPORT 2019 67 OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY (continued) (II) FROM THE END OF THE FINANCIAL YEAR TO THE DATE OF THIS REPORT (continued) (d) In the opinion of the Directors: (i) there has not arisen 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 will 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 this report or the financial statements which would render any amount stated in the financial statements of the Group and of the Company misleading. SUBSIDIARIES Details of subsidiaries are set out in Note 10 to the financial statements. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR Significant events during the financial year are disclosed in Note 38 to the financial statements. SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD Significant events subsequent to the end of the reporting period are disclosed in Note 39 to the financial statements. AUDITORS The auditors, BDO PLT (LLP0018825-LCA & AF 0206), have expressed their willingness to continue in office. The details of auditors’ remuneration of the Company and its subsidiaries for the financial year ended 31 December 2019 are disclosed in Notes 26 and 30 to the financial statements. Signed on behalf of the Board in accordance with a resolution of the Directors. ................................................................. Dato’ Lua Choon Hann Director Petaling Jaya 6 May 2020 ........................................................ Dato’ Wee Cheng Kwan Director DIRECTORS’ REPORT cont’d