DIRECTORS’ REPORT OTHER STATUTORY INFORMATION (CONT’D.) (f) In the opinion of the directors: (i) no contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year; as the plan to address the Group’s liquidity constraints, set out in Note 2.1 to the financial statements, is expected to be achievable; which will or may substantially affect the ability of the Group or of the Company to meet their obligations when they fall due; (ii) the results of the operations of the Group and of the Company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature other than the provision for foreseeable losses on land held for sales as disclosed in Note 43 to the financial statements; and (iii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year and the date of this report which is likely to affect substantially the results of the operations of the Group or of the Company for the financial year in which this report is made. SIGNIFICANT AND SUBSEQUENT EVENTS In addition to the significant events disclosed elsewhere in this report, other significant and subsequent events are disclosed respectively in Notes 43 and 44 to the financial statements. AUDITORS The auditors, Ernst & Young PLT, have expressed their willingness to continue in office. Auditors’ remunerations of the Group and of the Company are RM1,497,000 and RM437,000 respectively. INDEMNIFICATION OF AUDITORS To the extent permitted by law, the Company has agreed to indemnify its auditors, Ernst & Young PLT, as part of the terms of its audit engagement against claims by third parties arising from the audit. No payment has been made to indemnify Ernst & Young PLT during or since the financial year. Signed on behalf of the Board in accordance with a resolution of the directors dated 26 April 2023. Dion Tan Yong Chien Jared Ang Tzer Shen 148 ANNUAL REPORT 2022
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