FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 149 FINANCIAL REPORT DIRECTORS' REPORT DIRECTORS' INTEREST IN SHARES AND DEBENTURES (CONTINUED) Number of ordinary shares of RM1.00 each granted under LTIP Grant Date Type Grant At 1.1.2016 Granted (Forfeited) At 31.12.2016 Dato' Zakaria Arshad 1.7.2016 RS - 147,100 - 147,100 At the date of the report, 44,100 RS of the Director has vested pursuant to the first vesting date on 31 March 2017. Shareholdings in MSM Malaysia Holdings Berhad, a subsidiary of the Group Number of ordinary shares of RM0.50 each At 1.1.2016 Acquired (Disposed) At 31.12.2016 Tan Sri Hj Mohd Isa Dato' Hj Abdul Samad 20,000 - - 20,000 Tan Sri Dr. Sulaiman Bin Mahbob 20,000 - - 20,000 Datuk Dr. Omar Salim 20,000 - - 20,000 Other than as disclosed above, according to the Register of Directors' Shareholdings, the Directors in office at the end of the financial year did not hold any interest in shares and options over shares in the Company, or shares, options over shares and debentures of its related corporations during the financial year. STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS Before the statements of comprehensive income and statements of financial position of the Group and of the Company were made out, 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, other than debts, which were unlikely to realise in the ordinary course of business their values as shown in the accounting records of the Group and of the Company had been written down to an amount which they 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. No contingent 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, in the opinion of the Directors, will or may affect the ability of the Group or the Company to meet their obligations when they fall due.