Yinson Annual Report 2021

178 YINSON HOLDINGS BERHAD SECTION 06 : GOVERNANCE STATEMENT ON DIRECTORS’ RESPONSIBILITY The Directors are required to prepare financial statements which give a true and fair view of the financial position of the Group and of the Company as at 31 January 2021, and of the results and cash flows of the Group and of the Company for the financial year then ended, in accordance with the requirements of Malaysia Financial Reporting Standards (“MFRS”), International Financial Reporting Standards (“IFRS”) and the requirements of Companies Act 2016. In preparing the financial statements, the Directors have: t VTFE BQQSPQSJBUF BDDPVOUJOH QPMJDJFT UIBU BSF DPOTJTUFOUMZ BQQMJFE t NBEF KVEHNFOUT BOE FTUJNBUFT UIBU BSF QSVEFOU BOE SFBTPOBCMF XJUI BEWJDF GSPN DFSUBJO JOEVTUSZ QSPGFTTJPOBMT XIFSF applicable; t FOTVSFE UIBU BMM BQQMJDBCMF .'34 BOE *'34 SFQPSUJOH SFRVJSFNFOUT IBWF CFFO GPMMPXFE BOE t QSFQBSFE UIF mOBODJBM TUBUFNFOUT PO B HPJOH DPODFSO CBTJT The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Group and of the Company. The Directors are also responsible for safeguarding the assets of the Group and the Company by taking reasonable steps for preventing and detecting of fraud and other irregularities.