Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 254 DIRECTORS’ RESPONSIBILITY STATEMENT 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 applicable Malaysian Financial Reporting Standards (“MFRS”), the International Financial Reporting Standards (“IFRS”) 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 the Group and of the Company at the end of the financial year, and of the financial performance and cash flows of the Group and of the Company for the financial year then ended. The directors consider that, in preparing the financial statements for the financial year ended 31 December 2023, the Group and the Company 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 the Group and the Company keep accounting records which disclose the financial position of the Group and of the Company with reasonable accuracy, enabling them to ensure that the financial statements comply with the applicable MFRS, IFRS and the requirements of the Companies Act 2016 in Malaysia. The directors are satisfied that they have met their obligations to present a balanced and fair assessment of the Group’s and of the Company’s position and prospects in the Directors’ Report on pages 255 to 260 and the Audited Financial Statements from pages 268 to 393 of this Annual Report.
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