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Directors’ Report (cont’d)
Directors’ interests
According to the register of directors’ shareholdings, the interests of directors in office at the end of the financial year in shares
in the holding company, the Company and its related corporations during the financial year were as follows:
Holding Company
The Straits Trading Company Limited
70
Building on Success: Developing Resources for the Future
Number of ordinary shares of SGD1 each
1 January 31 December
2011 Bought Sold 2011
Direct interest
Mr. Norman Ip Ka Cheung 23,640 – – 23,640
Indirect interest
Mr. Norman Ip Ka Cheung 25,644 – – 25,644
The Company
Number of ordinary shares of RM1 each
1 January 31 December
2011 Bought Sold 2011
Direct interest
Mr. Norman Ip Ka Cheung 250,000 – – 250,000
Dato’ Seri Dr Mohd. Ajib Anuar 800,000 9,000 – 809,000
En. Razman Ariffin 67,000 – – 67,000
Mr. Lim Sit Chen Lam Pak Ng – 5,000 – 5,000
Indirect interest
Dato’ Seri Dr Mohd. Ajib Anuar – 200,000 – 200,000
Mr. Chew Kwee San – 460,000 – 460,000
Mr. Mark Christopher Greaves – 10,000 – 10,000
None of the other directors in office at the end of the financial year had any interest in shares in the holding company, the
Company or its related corporations during the financial year.
Other statutory information
(a) Before the income statements and statements of financial position of the Group and of the Company were made out, the
directors took reasonable steps:
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for
doubtful debts and satisfied themselves that all known bad debts had been written off and that adequate provision had
been made for doubtful debts; and
(ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the
ordinary course of business had been written down to an amount which they might be expected so to realise.
(b) At the date of this report, the directors are not aware of any circumstances which would render:
(i) the amount written off as bad debts or the amount of provision for doubtful debts in the financial statements of the Group
and of the Company inadequate to any substantial extent; and
(ii) the values attributed to current assets in the financial statements of the Group and of the Company misleading.