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FINANCIAL STATEMENTS
Axiata Group Berhad | Annual Report 2016
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DIRECTORS' BENEFITS
Since the end of the previous financial year, none of the Director has received or become entitled to receive any benefit (except for the Directors’ fees,
remuneration and other emoluments as disclosed in Note 7(d) 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/she is a member, or with a company in which he/she has a substantial financial interest.
During and at the end of the financial year, no arrangement subsisted to which the Company or any of its related corporations, was a party, being arrangements
with the object(s) of enabling the Directors of the Company to acquire benefits by means of the acquisition of shares in, or debentures of the Company or
any other body corporate other than the Axiata Share Scheme of the Company, details as disclosed in Note 14(a) to the financial statements.
STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS
Before the statements of comprehensive income and financial position of the Group and the Company 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 have
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 of the 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:
(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 the 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 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 of the Group and Company 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 and the Company to meet its 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 the Company which has arisen since the end of the year which secures the liability of any other person; or
(b) any contingent liability of the Group and the Company which has arisen since the end of the 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 of the Group
and the Company, 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 the Company's operations during the financial year were not substantially affected by any item, transaction or event
of a material and unusual nature other than as disclosed in the financial statements; and
(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 and the Company for the financial year in which this report is
made.