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268 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

DIRECTORS’ REPORT

STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS
Before the financial statements of the Group and of the Company were prepared, 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 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

(b) to ensure that any current assets, other than debts, which were unlikely to be realised in the ordinary course of business
including the values of current assets as shown in the accounting records of the Group and the Company had been written
down to an amount which the current assets might be expected so to realise.
At the date of this report, the Directors are not aware of any circumstances:
(a) which would render the amounts written off for bad debts or the amount of the provision for doubtful debts inadequate to
any substantial extent; or
(b) which would render the values attributed to current assets in the financial statements of the Group and the Company
misleading; or

(c) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group and the
Company misleading or inappropriate.
No contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve (12) months
after the end of the financial year which, in the opinion of the Directors, will or may affect the ability of the Group or the Company
to meet their obligations when they fall due.
At the date of this report, there does not exist:

(a) any charge on the assets of the Group and of the Company which has arisen since the end of the financial year which secures
the liability of any other person; or
(b) any contingent liability of the Group and of the Company which has arisen since the end of the financial year.

At the date of this report, the Directors are not aware of any circumstances not otherwise dealt with in this report or the financial
statements which would render any amount stated in the financial statements misleading.
In the opinion of the Directors:
(a) the results of the Group’s and of the Company’s operations during the financial year were not substantially affected by any
item, transaction or event of a material and unusual nature.
(b) there has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or
event of a material and unusual nature likely to affect substantially the results of the operations of the Group or the Company
for the financial year in which this report is made.

IMMEDIATE HOLDING COMPANY
The Directors regard FGV Holdings Berhad, a company incorporated in Malaysia and listed on the Main Market of Bursa Malaysia
Securities Berhad, as the immediate holding company.