Eng - IOI Group

Directors’ Report cont’dDirectors’ BenefitsDuring and at the end of the financial year, no arrangement subsisted to which the Company is a party, with the object or objects ofenabling Directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or anyother body corporate, except for the share options granted to Directors of the Company pursuant to the Company’s ESOS.Since the end of the previous financial year, none of the Directors of the Company has received or become entitled to receive any benefit(other than the benefits as disclosed in Note 43 to the financial statements) by reason of a contract made by the Company or by a relatedcorporation with a Director, or with a firm of which the Director is a member, or with a company in which the Director has a substantialfinancial interest except for any benefits which may be deemed to have arisen by virtue of the significant related party transactions asdisclosed in Note 43 to the financial statements.Statutory Information on the Financial StatementsBefore the income statements and balance sheets of the Group and of the Company were made out, the Directors took reasonablesteps:i. to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance for doubtfuldebts, and have satisfied themselves that all known bad debts had been written off and that adequate allowance had been madefor doubtful debts; andii.to ensure that any current assets, other than debts, which were unlikely to realise their book values in the ordinary course ofbusiness of the Group and of the Company have been written down to an amount which they might be expected so to realise.As at the date of this report, the Directors are not aware of any circumstances:i. which would render the amounts written off for bad debts or the amount of the allowance for doubtful debts in the financialstatements of the Group and of the Company inadequate to any substantial extent; orii.which would render the values attributed to current assets in the financial statements of the Group and of the Company misleading;oriii.which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and of theCompany misleading or inappropriate.113ANNUAL REPORT 2007IOI Corporation Berhad