Annual Report - Bina Puri

Responsibility Statement by the Board of DirectorsThe Directors are collectively responsible for ensuring that the financial statements are drawn up in accordance with therequirements of the applicable Approved Accounting Standards in Malaysia, the provisions of the Companies Act, 1965 andthe Listing Requirements of the Bursa Malaysia Securities Berhad.The Directors have to ensure that the financial statements for each financial year present a true and fair view of the state ofaffairs of the Group and the Company at the end of the financial year and of the results and cash flows of the Group and theCompany.In preparing the financial statements, the Directors have:1. selected suitable accounting policies and applied them consistently;2. made judgements and estimates that are reasonable and prudent;3. ensure that all applicable accounting standards have been followed; and4. prepared financial statements on the going concern basis as the Directors have a reasonable expectation, having madeenquiries, that the Group and the Company have adequate resources to continue in operational existence for theforeseeable future and that the Group and the Company have secured significant projects.The Directors have also taken the necessary steps, as are reasonably open to them, to ensure that appropriate systems arein place for the assets of the Group and the Company to be adequately safeguarded through the prevention and detectionof fraud and other irregularities and material misstatements.32 BINA PURI HOLDINGS BHDAnnual Report 2007