INDEPENDENT AUDITORS9 REPORT TO THE MEMBERS OF SASBADI HOLDINGS BERHAD (continued) (Incorporated in Malaysia) Key Audit Matters (continued) Key Audit Matter of the Company (continued) Impairment assessment of investments in subsidiaries (continued) Audit response (continued) Our audit procedures included the following: (continued) c. Verified projected profit margins, revenue growth rates and terminal values to support the key assumptions in projections by corroborating information from other areas of our audit; d. Verified pre-tax discount rate used by management for each subsidiaries by comparing to market rate, weighted average cost of capital of the Group and relevant risk factors; and e. Performed sensitivity analysis of our own to stress test the key assumptions in the impairment model. Information Other than the Financial Statements and Auditors9 Report Thereon The Directors of the Company are responsible for the other information. The other information comprises the information included in the annual report, but does not include the financial statements of the Group and of the Company and our auditors9 report thereon. Our opinion on the financial statements of the Group and of the Company does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements of the Group and of the Company, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements of the Group and of the Company or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsible Corpor-|; bঞ;mv_br Integrity & Honesty Accountable P-u|m;uv_br Excellence & Inno-ঞom Financial Statements (continued) 85
RkJQdWJsaXNoZXIy NDgzMzc=