FGV Annual Report 2012

2 Felda Global Ventures Holdings Berhad The Directors are required by the Companies Act, 1965 (CA 1965) to prepare financial statements for each year in accordance with Financial Reporting Standards (FRS) in Malaysia which give a true and fair view of the state of affairs of the Group and the Company at the end of the financial year and of the results and cash flow of the Group and the Company for the financial year. In preparing the financial statements for the financial year ended 31 December 2012, the Directors have: • adopted appropriate accounting policies and applied them consistently; • made judgments and estimates that are reasonable and prudent; • considered that all applicable approved accounting standards have been followed; and • ensured that the financial statements have been prepared on going concern basis. The Directors have the responsibility for ensuring that the Group and the Company keep accounting records which disclose reasonable accuracy the financial position of the Group and the Company which enable them to ensure the financial statement comply with the CA 1965 and FRS. The Directors also have the overall responsibilities for taking such steps as are reasonable available to them to safeguard the assets of the Group and the Company and to prevent and detect fraud and other irregularities. Statement on Directors’ Responsibility