Change - S P Setia Berhad

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66 Annual report 2008 Directors’ Report FOR THE YEAR ENDED 31 OCTOBER 2008 DIRECTORS’ INTEREST IN SHARES AND WARRANTS (cont’d) --------------------------------------- No. of Warrants --------------------------------------- At 1.11.2007/ date of At appointment Subscription Acquired Disposed 31.10.2008 Tan Sri Abdul Rashid Bin Abdul Manaf – indirect – 1,150,000 – – 1,150,000 Tan Sri Dato’ Sri Liew Kee Sin – direct – 15,747,403 – – 15,747,403 – indirect – 9,970,235 5,000,000 – 14,970,235 Dato’ Voon Tin Yow – direct – 173,402 1,595,000 – 1,768,402 Yap Kok Weng – direct – 85,700 – – 85,700 Teow Leong Seng – direct – 1,822 – – 1,822 Khor Chap Jen – direct – 29,100 – – 29,100 – indirect – 12,500 – – 12,500 Chang Khim Wah – direct – 13,700 – – 13,700 Tan Sri Lee Lam Thye – indirect – 3,000 – – 3,000 By virtue of their interests in shares in the Company, Tan Sri Abdul Rashid Bin Abdul Manaf and Tan Sri Dato’ Sri Liew Kee Sin are also deemed to have interests in shares in all its subsidiary companies to the extent the Company has an interest. DIRECTORS’ BENEFITS Since the end of the previous financial year, no director of the Company has received or become entitled to receive any benefit (other than a benefit included in the aggregate amount of emoluments received or due and receivable by the directors shown in the financial statements or the fixed salary of a full-time employee of the Company) by reason of a contract made by the Company or a related corporation with the director or with a firm of which the director is a member, or with a company in which the director has a substantial financial interest except for any benefit which may be deemed to have arisen from the transactions disclosed in note 46(a) to the financial statements. Neither during nor at the end of the financial year was the Company a party to any arrangements whose object is to enable 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.
67 S P <strong>Setia</strong> <strong>Berhad</strong> Group Directors’ Report FOR THE YEAR ENDED 31 OCTOBER 2008 OTHER STATUTORY INFORMATION (a) Before the income statements and balance sheets of the Group and of the Company were made out, the directors took reasonable steps: (i) to ascertain the action taken in relation to the writing off of bad debts and the making of allowance for doubtful debts and satisfied themselves that all known bad debts had been written off and adequate allowance had been made for doubtful debts; and (ii) to ensure that any current assets 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. (b) At the date of this report, the directors are not aware of any circumstances: (i) which would render the amount written off for bad debts or the amount of the allowance for doubtful debts in the financial statements of the Group and of the Company inadequate to any substantial extent; or (ii) which would render the values attributed to the current assets in the financial statements of the Group and of the Company misleading; or (iii) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate. (c) At the date of this report, there does not exist: (i) any charge on the assets of the Company or its subsidiary companies which has arisen since the end of the financial year which secures the liabilities of any other person; or (ii) any contingent liability of the Company or its subsidiary companies which has arisen since the end of the financial year. (d) No contingent or other liability of the Company or its subsidiary companies has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year which, in the opinion of the directors, will or may affect the ability of the Company or its subsidiary companies to meet their obligations as and when they fall due. (e) 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 of the Company which would render any amount stated in the respective financial statements misleading. (f) In the opinion of the directors: (i) the results of the operations of the Group and of the Company for the financial year were not substantially affected by any item, transaction or event of a material and unusual nature; and (ii) 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 of the Company for the financial year in which this report is made.
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group directory HEAD OFFICE S P SET
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Change - S P Setia Berhad

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