FORGING AHEAD - Tradewinds Plantation Berhad

Address:
Tradewinds Plantation Berhad
Level 9, Menara HLA
No. 3, Jalan Kia Peng
50450 Kuala Lumpur
E-mail: twsplnt@tpb.com.my
Tel : 03-2177 9999
Fax : 03-2161 1701
At all times, shareholders may contact the Company Secretary
at the Company’s registered address and telephone number,
as aforementioned, to convey any concerns or make queries.
ACCOUNTABILITY AND AUDIT
A. FINANCIAL REPORTING
The Board aims to present a balanced and meaningful
assessment of the Group’s financial performance and
prospects, primarily through the annual financial statements
and the quarterly announcement of results.
In preparing the financial statements, the Directors have taken
the necessary steps to ensure that the Group has adopted all the
applicable accounting policies consistently. All financial
reporting standards which the Board considers to be applicable,
have been followed, subject to any explanations and material
departures disclosed in the notes to the financial statements.
The Board is assisted by the Audit Committee to review
information to be disclosed through the annual audited financial
statements and unaudited quarterly announcements of results to
shareholders to ensure accuracy, adequacy and completeness.
B. DIRECTORS’ RESPONSIBILITY STATEMENT
The Board is responsible for ensuring that the financial
statements of the Group give a true and fair view of the state
of affairs of the Group and the Company at the end of the
financial year and of the results and cash flows of the Group
and the Company for the financial year.
In preparing the financial statements, the Board has ensured
that all applicable approved financial reporting standards in
Malaysia and the provisions of the Act have been followed
and the financial statements was prepared on the going
concern basis as the Directors have a reasonable expectation,
having made enquiries that the Group and the Company have
adequate resources to continue in operational existence in the
foreseeable future.
The Directors are responsible for ensuring that the Company
keeps accounting records that disclose with reasonable
accuracy, the financial position of the Group and the Company
and which enable them to ensure that the financial statements
comply with the Act.
C. INTERNAL CONTROL
CORPORATE GOVERNANCE
The Board acknowledges its ultimate responsibility for the
Group’s system of internal controls and the need to review its
effectiveness regularly in order to safeguard the Group’s
assets and therefore the shareholders’ investments in the
Group.
The Statement on Internal Control as set out on pages 64 to 66
of this Annual Report provides an overview of the state of
internal control of the Company.
D. RELATIONSHIP WITH THE AUDITORS
The external auditors, Messrs BDO has continued to report to
the members of the Company on their findings which are
included as part of the Company’s financial reports with
respect to each year’s audit on the statutory financial
statements. In so doing, the Company has established a
transparent arrangement with the auditors to meet the auditors’
professional requirements. The Audit Committee has also
reviewed with the auditors the results of the annual audit and
the audit report of the Company.
This Statement is made in accordance with a resolution of the
Board of Directors dated 20 April 2011.
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
63