Page 83 - EXIM-BANK-AR20

Section 06 Financial Statements
81

OTHER STATUTORY INFORMATION
(a) Before the statements of financial position, statements of profit and loss and statements of comprehensive income 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) As at the date of this report, there does not exist:

(i) any charge on the assets of the Group and 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 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 and of the Bank to meet its
obligations as and when they fall due; 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 and of the
Bank for the financial year in which this report is made.

(g) Before the statements of financial position, statements of profit and loss and statement of comprehensive income of the
Group and the Bank were made out, the Directors took reasonable steps to ascertain that there was adequate provision for its
Insurance and Takaful liabilities in accordance with the valuation method as prescribed by Bank Negara Malaysia.

(h) For the purpose of paragraph (e) and (f) above, contingent and other liabilities do not include liabilities arising from contract of
Insurance or certificates of Takaful underwritten in the ordinary course of business of the Group and the Bank.