perspective perspective - ChartNexus

110
DIRECTORS’ BENEFITS (cont’d)
DIRECTORS’ REPORT (cont’d)
Since the end of the previous financial year, no Director has received or become entitled to receive a benefit (other than the Directors’
remuneration as disclosed in Note 7 to the financial statements) by reason of a contract made by the Company or a related corporation
with the Director or with a firm of which he is a member, or with a company in which he has a substantial financial interest except
as disclosed in Note 28 to the financial statements.
DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES
According to the Register of Directors’ Shareholdings, particulars of interests of Directors who held office at the end of the financial
year in the shares and options over ordinary shares in the Company are as follows:
Number of ordinary shares of RM1.00 each
As at As at
1.1.2005 Acquired Disposed 31.12.2005
’000 ’000 ’000 ’000
Shareholdings in the name of the Director
Dato’ Ng Eng Tee 7,888 1,600 (1,600) 7,888
Ng Eng Soon 7,151 – – 7,151
Shareholdings in which the Director is deemed
to have an interest
Dato’ Ng Eng Tee 21,829 216 – 22,045
Ng Eng Soon 17,829 – – 17,829
As at
Number of options over ordinary shares of RM1.00 each
As at
1.1.2005 Granted Exercised Lapsed 31.12.2005
’000 ’000 ’000 ’000 ’000
Dato’ Ng Eng Tee 500 – – – 500
Dato’ Ng Eng Tee and Ng Eng Soon by virtue of their direct and indirect interests in the Company, are deemed to have an interest in
the shares of the subsidiary companies to the extent the Company has an interest.
Other than as disclosed above, according to the Register of Directors’ Shareholdings, the Directors in office at the end of the financial
year did not hold any interest in shares, options over ordinary shares or debentures in the Company and its related corporations during
the financial year.
STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS
Before the income statements and balance sheets were made out, the Directors took reasonable steps:
(a) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance for doubtful
debts and satisfied themselves that all known bad debts had been written off and that adequate allowance had been made for
doubtful debts; and
(b) to ensure that any current assets, other than debts, which were unlikely to realise in the ordinary course of business their values
as shown in the accounting records of the Group and Company had been written down to an amount which they might be
expected so to realise.
At the date of this report, the Directors are not aware of any circumstances:
for the financial year ended 31 December 2005
(a) which would render the amounts written off for bad debts or the amount of the allowance for doubtful debts in the financial
statements of the Group and Company inadequate to any substantial extent; or
(b) which would render the values attributed to current assets in the financial statements of the Group and Company misleading; or
(c) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group and Company
misleading or inappropriate.