FGV Audited Financial Statements 2020

DIRECTORS’ INTEREST IN SHARES AND DEBENTURES According to the Register of Directors’ Shareholdings required to be kept under Section 59 of the Companies Act 2016, none of the Directors who held office at the end of the financial year held any shares or debentures in the Company or its subsidiaries during the financial year except as follows: Shareholdings in FGV Holdings Number of ordinary shares At 1.1.2020 Acquired Vested (Disposed) At 31.12.2020 Datuk Wira Azhar Abdul Hamid 1,000,000 - - (1,000,000) - Dr. Mohamed Nazeeb P. Alithambi 7,000 - - - 7,000 AUDITORS’ REMUNERATION Details of auditors’ remuneration are set out in Note 13 to the financial statements. DIRECTORS’ REMUNERATION Details of Directors’ remuneration are set out in Note 14 to the financial statements. INDEMNITY AND INSURANCE FOR DIRECTORS AND OFFICERS The Company maintains a corporate liability insurance for the Directors and Officers of the Group throughout the financial year, which provides appropriate insurance cover for the Directors and Officers of the Group. The total amount of insurance premium paid by the Group during the financial year amounted to RM1,850,500 (2019: RM1,130,000). STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS Before the financial statements of the Group and of the Company were prepared, the Directors took reasonable steps: (a) 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 (b) to ensure that any current assets, which were unlikely to be realised in the ordinary course of business including the values of current assets as shown in the accounting records of the Group and of the Company had been written down to an amount which the current assets might be expected so to realise. At the date of this report, the Directors are not aware of any circumstances: (a) which would render the amounts written off for bad debts or the amount of the allowance for doubtful debts in the financial statements of the Group and of the Company inadequate to any substantial extent; or (b) which would render the values attributed to current assets in the financial statements of the Group and of the Company misleading; or (c) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate. Directors’ Report 4 FGV HOLDINGS BERHAD Audited Financial Statement 2020