Sasbadi Annual Report 2020

SASBADI HOLDINGS BERHAD 52 FINANCIAL STATEMENTS (continued) Issue of shares and debentures There were no changes in the issued and paid-up capital of the Company during the financial year. There were no debentures issued during the financial year. Options granted over unissued shares No options were granted to any person to take up unissued shares of the Company during the financial year apart from the issue of options pursuant to the Employees Share Option Scheme (“ESOS”) as disclosed in Note 16.6 and Note 19. Qualification of subsidiaries’ financial statements The auditors’ report on the audit of the financial statements of Company’s subsidiaries did not contain any qualification or any adverse comments. Indemnity and insurance costs During the financial year, Directors and Officers of Sasbadi Holdings Berhad, together with its subsidiaries, are covered under the Directors’ and Officers’ Liability Insurance in respect of liabilities arising from acts committed in their respective capacity as, inter alia, Directors and Officers of the Group subject to the terms of the policy. The total amount of Directors’ and Officers’ Liability Insurance effected for the Directors and Officers of the Group was RM5 million. The total amount of premium paid for the Directors’ and Officers’ Liability Insurance by the Group and the Company was RM12,000. There were no indemnity and insurance costs effected for auditors of the Group and Company during the financial year. Other statutory information Before the financial statements of the Group and of the Company were made out, the Directors took reasonable steps to ascertain that: i) all known bad debts have been written off and adequate provision made for doubtful debts, and ii) any current assets which were unlikely to be realised in the ordinary course of business have been written down to an amount which they might be expected so to realise.