KENANGA ANNUAL REPORT 2020

114 5 1 2 3 4 6 7 FINANCIAL STATEMENTS DIRECTORS’ INTERESTS According to the register of Director’s shareholdings, the interests of Directors in office at the end of the financial year in shares o the Bank, are as follows: The Bank Number of ordinary shares At At Direct interest: 1.1.2020 Addition Disposal 31.12.2020 Luigi Fortunato Ghirardello 631,700 - - 631,700 Dato’ Richard Alexander John Curtis 1,100,000 - - 1,100,000 Norazian Binti Ahmad Tajuddin Kanagaraj Lorenz 42,000 170,300 - 212,300 Jeremy Bin Nasrulhaq - 187,900 - 187,900 Other than as disclosed above, none of the other Directors in office at the end of the financial year had any interest in shares of the Bank or its related corporations during the financial year. OTHER STATUTORY INFORMATION (a) Before the financial statements of the Group and of the Bank were made out, the Directors took reasonable steps: (i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance for doubtful debts and satisfied themselves that all known bad debts had been written off and that adequate allowance had been made for doubtful debts; and (ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the ordinary course of business had been written down to an amount which they might be expected so to realise. (b) At the date of this report, the Directors are not aware of any circumstances which would render: (i) the amount written off for bad debts or the amount of the allowance for doubtful debts in the financial statements of the Group and of the Bank inadequate to any substantial extent; and (ii) the values attributed to current assets in the financial statements of the Group and of the Bank misleading. (c) At the date of this report, the Directors are not aware of any circumstances which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and of the Bank misleading or inappropriate. (d) At the date of this report, the Directors are not aware of any circumstances not otherwise dealt with in this report or financial statements of the Group and of the Bank which would render any amount stated in the financial statements misleading. (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. DIRECTORS ’ REPORT