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STATEMENT OF DIRECTORS’ RESPONSIBILITY<br />

IN RESPECT OF THE AUDITED FINANCIAL STATEMENTS<br />

Pursuant to Paragraph 15.26(a) of the Listing Requirements of Bursa Malaysia<br />

The Directors are required by law to prepare financial statements for each financial year in accordance with<br />

the applicable approved accounting standards in Malaysia and give a true and fair view of the state of affairs<br />

of the Group and of the Company at the end of the financial year and of the results and the cash flows of the<br />

Group and of the Company for the financial year.<br />

In preparing the financial statements of the Group and of the Company, the Directors have adopted<br />

appropriate accounting policies and applied them consistently and prudently. The Directors have also<br />

ensured that those applicable accounting standards have been followed and confirmed that the financial<br />

statements have been prepared on a going concern basis.<br />

The Directors are responsible for ensuring that the Company keeps accounting records which disclose with<br />

reasonable accuracy the financial position of the Group and of the Company and which enable them to<br />

ensure that the financial statements are in compliance with the provisions of the Companies Act, 1965.<br />

The Directors are also responsible for taking such steps that are reasonably open to them to safeguard the<br />

assets of the Group and to prevent and detect fraud and other irregularities.<br />

057<br />

SapuraCrest Petroleum Berhad<br />

Annual Report 2010

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