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TANJUNG OFFSHORE BERHAD

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<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

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