KENANGA ANNUAL REPORT 2019

109 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 other than those arising in the normal course of business as disclosed in Note 42 and Note 43 to the financial statements. (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 (12) 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. SIGNIFICANT AND SUBSEQUENT EVENT There was no significant event during the financial year and subsequent to the financial year ended 31 December 2019 other than the event disclosed in Note 56 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 of Directors in accordance with a resolution of the Board of Directors on 16 March 2020. Izlan Bin Izhab Jeremy Bin Nasrulhaq Kuala Lumpur, Malaysia DIRECTORS’ REPORT