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FINANCIAL STATEMENTS
Axiata Group Berhad | Annual Report 2016
115
DIRECTORS’
RESPONSIBILITY STATEMENT
The Directors are required by the Companies Act, 1965 to prepare financial statements for each financial year which have been made out in accordance with
Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 1965 so as to exhibit a
true and fair view of the financial position of the Group and of the Company as of 31 December 2016 and of their financial performance and cash flows for
the financial year then ended.
In preparing the financial statements, the Directors have:
•
Selected and applied the appropriate and relevant accounting policies on a consistent basis;
•
Made judgments and accounting estimates that are reasonable and prudent in the circumstances; and
•
Prepared the annual audited financial statements on a going concern basis.
The Directors are responsible to ensure that the Group and the Company keep accounting records which disclose with reasonable accuracy the financial
position of the Group and the Company.
The Directors also have the overall responsibilities to take such steps to safeguard the assets of the Group and for the establishment, designation,
implementation and maintenance of appropriate accounting and internal control systems for the prevention and detection of fraud and other irregularities
relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.