KENANGA ANNUAL REPORT 2017

OTHER STATUTORY INFORMATION (CONT’D.) (e) At the date of this report, there does not exist: (i) any charge on the assets of the Group or of the Bank which has arisen since the end of the financial year which secures the liabilities of any other person; or (ii) any contingent liability in respect of the Group and of the Bank which has arisen since the end of the financial year. (f) In the opinion of the Directors: (i) no contingent liability or other liability has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year which will or may affect the ability of the Group or of the Bank to meet their obligations as and when they fall due, other than those arising in the normal course of business as disclosed in Note 42 and Note 43 to the financial statements; and (ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year and the date of this report which is likely to affect substantially the results of the operations of the Group or of the Bank for the financial year in which this report is made. COMPLIANCE WITH BANK NEGARA MALAYSIA’S POLICY DOCUMENT ON FINANCIAL REPORTING The Directors have taken reasonable steps to ensure that the preparation of the financial statements of the Group and of the Bank are in compliance with the BNM’s Policy Document on Financial Reporting and the Guidelines on Classification and Impairment Provisions for Loan/Financing. SIGNIFICANT EVENTS AND SUBSEQUENT EVENTS Details of significant and subsequent events are disclosed in Note 53 to the financial statements. AUDITORS AND AUDITORS’ REMUNERATION The auditors, Messrs Ernst & Young, have expressed their willingness to continue in office. The auditors’ remuneration is disclosed in Note 33 to the financial statements. Signed on behalf of the Board in accordance with a resolution of the Board of Directors on 14 March 2018. Izlan Bin Izhab Jeremy Bin Nasrulhaq Kuala Lumpur, Malaysia Kenanga Investment Bank Berhad 80 directors’ report