BIMB Integrated Annual Report 2017

CONTINGENT AND OTHER LIABILITIES At the date of this report, there does not exist: (a) any charge on the assets of the Group or of the Company that has arisen since the end of the financial year and which secures the liabilities of any other person, or (b) any contingent liability in respect of the Group or of the Company that has arisen since the end of the financial year other than those incurred in the ordinary course of the business. No contingent liability or other liability of any company in the Group has become enforceable, or is likely to become enforceable within the period of twelve months after the end of the financial year which, in the opinion of the Directors, will or may substantially affect the ability of the Group and of the Company to meet their obligations as and when they fall due. CHANGE OF CIRCUMSTANCES At the date of this report, the Directors are not aware of any circumstances, not otherwise dealt with in this report or the financial statements that would render any amount stated in the financial statements of the Group and of the Company misleading. ITEMS OF AN UNUSUAL NATURE In the opinion of the Directors, the results of the operations of the Group and of the Company for the financial year have not been substantially affected by any item, transaction or event of a material and unusual nature. There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature, likely to affect substantially the results of the operations of the Group and of the Company for the current financial year in which this report is made. COMPLIANCE WITH BANK NEGARA MALAYSIA’S POLICY DOCUMENT ON FINANCIAL REPORTING AND GUIDELINES In the preparation of the financial statements, the Directors have taken reasonable steps to ensure that Bank Negara Malaysia (“BNM”)’s expectations on financial reporting have been complied with, including those as set out in the Financial Reporting for Islamic Banking Institutions, Circular on the Application of MFRS and Revised Financial Reporting Requirements for Islamic Banks and the Guidelines on Classification and Impairment Provision for Loans/Financing. SUBSEQUENT EVENTS DURING THE FINANCIAL YEAR The subsequent events during the financial year are as disclosed in Note 53 to the financial statements. DIRECTORS Directors of the Company who served during the financial year until the date of this report are: Tan Sri Haji Ambrin bin Buang (appointed on 02.02.2018) (Chairman) Tan Sri Samsudin bin Osman (retired on 31.01.2018) (Chairman) Tan Sri Ismail bin Adam Datuk Zaiton binti Mohd Hassan (retired on 01.02.2018) Datuk Rozaida binti Omar Mohd Tarmidzi bin Ahmad Nordin Noraini binti Che Dan Rifina binti Md Ariff Zahari @ Mohd Zin bin Idris (retired on 17.05.2017) DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 156 BIMB HOLDINGS BERHAD Integrated Annual Report 2017