2012 Annual Report - Media Prima Berhad

The Board has received assurance from the Group
Managing Director and Chief Financial Officer that the
Group’s risk management and internal controls system
are operating adequately and effectively in all material
aspects, based on the risk management and internal
controls system of the Group.
The Board is satisfied that the risk management and
internal controls system are operating adequately and
effectively. Based on the assessment of the Group’s
risk management and internal controls system for the
year under review and up to date of approval of this
statement, no significant control failures or weaknesses
that would result in material loss, contingency or
uncertainty requiring disclosure in the Group’s annual
report were noted.
Where exceptions were noted, they were not material
in the context of this report and corrective actions
have been taken. This statement, prepared for
inclusion in the Annual Report of the Company for
the year ended 31 December 2012 has been reviewed
by the Audit Committee prior to their recommendation
to the Board for approval.
This statement is made on the recommendation of
the Audit Committee to the Board of Directors and as
per the Board’s resolution dated 20 February 2013.
D. ASSOCIATED COMPANY
The state of risk management and internal control of
Malaysian Newsprint Industries Sdn Bhd (MNI), an
associated company of Media Prima Berhad is
excluded from this statement. However, two Senior
Managements from Media Prima Berhad namely
Encik Mohamad Ariff Ibrahim and Encik Mohammad
Azlan Abdullah are appointed to MNI’s Board, attend
its Board meetings and review the key financial
information of the Company. These directors report
to the Media Prima Berhad Board in the event that
the Company does not appropriately manage
significant risks.
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E. REVIEW OF THE STATEMENT BY
EXTERNAL AUDITORS
This Statement on Risk Management and Internal
Control has been reviewed by the External Auditors
as required by Paragraph 15.23 of the Main Market
Listing Requirement of Bursa Malaysia Securities
Berhad for the inclusion in the annual report of Media
Prima Berhad for the year ended 31 December 2012.
Their review was performed in accordance with
Recommended Practice Guide (RPG) 5 issued by the
Malaysian Institute of Accountants. RPG 5 does not
require the External Auditors to form an opinion on
the adequacy and effectiveness of the risk management
and internal controls system.
The External Auditors have reported to the Board that
nothing has come to their attention that causes them
to believe that the statement is inconsistent with their
understanding of the process adopted by the Board
in reviewing the adequacy and integrity of risk
management and internal controls system of
the Group.
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2012
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