Download - Axiata Group Berhad - Investor Relations

Directors’ ReportDIRECTORS’ INTERESTS (CONTINUED)Other than as disclosed above, in accordance with the register of Directors’ shareholdings, none of the other Directors inoffice at the end of the financial year have any direct or indirect interest in any shares and options over ordinary shares inthe Company, or its related corporations during the financial year.DIRECTORS' BENEFITSSince the end of the previous financial year, none of the Director has received or become entitled to receive any benefit(except for the Directors’ fees, remuneration and other emoluments as disclosed in Note 8(c) to the financial statements)by reason of a contract made by the Company or a related corporation with the Director or with a firm of which he is amember, or with a company in which he has a substantial financial interest.During and at the end of the financial year, no arrangement subsisted to which the Company or any its related corporations,was a party, being arrangements with the object(s) of enabling the Directors of the Company to acquire benefits by meansof the acquisition of shares in, or debentures of the Company or any other body corporate other than the Performance-Based ESOS of the Company and the 2008 Demerger Special ESOS of the former holding company, details as disclosed inNote 14(a) and (b) respectively to the financial statements.STATUTORY INFORMATION ON THE FINANCIAL STATEMENTSBefore the income statements and balance sheets of the Group and Company were made out, the Directors took reasonablesteps:(a)(b)to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowancefor doubtful debts and have satisfied themselves that all known bad debts had been written off and that adequateallowance had been made for doubtful debts; andto ensure that any current assets which were unlikely to be realised at their book value in the ordinary course ofbusiness had been written down to their expected realisable values.At the date of this report, the Directors are not aware of any circumstances:(a)(b)(c)which would render the amounts written off for bad debts or the amount of the allowance for doubtful debts in thefinancial statements of the Group and Company inadequate to any substantial extent; orwhich would render the values attributed to current assets in the financial statements of the Group and Companymisleading; orwhich have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group andCompany misleading or inappropriate.Annual Report 2009 • 161