02.06.2013 Views

TANJUNG OFFSHORE BERHAD

TANJUNG OFFSHORE BERHAD

TANJUNG OFFSHORE BERHAD

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U)<br />

ANNUAL REPORT 2009<br />

DIRECTORS’ REPORT<br />

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2009<br />

ITEMS OF A MATERIAL AND UNUSUAL NATURE<br />

The results of the operations of the Group and of the Company for the fi nancial year ended 31 December 2009 were not, in the<br />

opinion of the directors, substantially affected by any item, transaction or event of a material and unusual nature.<br />

There has not arisen in the interval between the end of the fi nancial year and the date of this report any item, transaction or event of<br />

a material and unusual nature likely, in the opinion of the directors, to affect substantially the results of the operations of the Group<br />

and of the Company for the current fi nancial year.<br />

CURRENT ASSETS<br />

Before the income statement and the balance sheet of the Group and of the Company were made out, the directors have taken<br />

reasonable steps to ensure that any current assets which were unlikely to realise in the ordinary course of business their values<br />

as shown in the accounting records of the Group and of the Company had been written down to an amount which they might be<br />

expected to realise.<br />

At the date of this report, the directors are not aware of any circumstances that would render the values attributed to the current<br />

assets in the fi nancial statements of the Group and of the Company misleading.<br />

VALUATION OF ASSETS AND LIABILITIES<br />

As at the date of this report, the directors are not aware of any circumstances, which have arisen which render adherence to the<br />

existing methods of valuation of assets and liabilities of the Group and of the Company misleading or inappropriate.<br />

CONTINGENT AND OTHER LIABILITIES<br />

At the date of this report, there does not exist:<br />

i) any charge on the assets of the Company which has arisen since the end of the fi nancial year which secures the liabilities of<br />

any other person; or<br />

ii) any contingent liabilities in respect of the Company which has arisen since the end of the fi nancial year, other than as disclosed<br />

in Note 31 to the fi nancial statements.<br />

No contingent or other liabilities has become enforceable, or is likely to become enforceable within the period of twelve months after<br />

the end of the fi nancial year which, in the opinion of the directors, will or may substantially affect the ability of the Group and of the<br />

Company to meet their obligations as and when they fall due.<br />

DIRECTORS AND THEIR SHAREHOLDINGS<br />

The directors in offi ce since the date of the last report and at the date of this report are as follows:<br />

Datuk Wira Syed Ali bin Tan Sri Syed Abbas Alhabshee<br />

Haji Omar bin Khalid<br />

Haji Hamidon bin Md Khayon<br />

Dato’ Ab Wahab bin Haji Ibrahim<br />

Edwanee Cheah bin Abdullah<br />

George William Warren Jr.<br />

Za’aba bin Sedek<br />

Haji Abdullah bin Hashim (Resigned w.e.f. 31 March 2010)<br />

58

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!