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fInanCIal StatementS
Directors’ interests (cont’d.)
(12)
Rozana Zeti and Rozilawati are deemed interested by virtue of the following:
(i)
Their shareholdings in BHR of more than 20%. BHR is the major shareholder of Nationwide Express Holding Berhad
(“NEHB”);
(ii)
Their mother, Puan Sri Datin Hamidah binti Abdul Rahman’s direct shareholding in NEHB; and
(iii)
Rozilawati’s indirect shareholding of 3,806,512 held under M&A Nominees (Tempatan) Sdn. Bhd..
Rozilawati and Rozana Zeti, by virtue of their interests in shares of the Company, are also deemed to be interested in shares of all
the subsidiaries of the Company to the extent that the Company has an interest.
Other than as stated above, none of the other directors in office at the end of the financial year had any interest in shares in the
Company or its related corporations during the financial year.
Treasury shares
During the financial year, the Company repurchased 296,300 of its issued ordinary shares.
As at 31 March 2018, the Company held as treasury shares a total of 296,300 of its 282,231,600 issued ordinary shares. Such
treasury shares are held at a carrying amount of approximately RM440,000. Further details are disclosed in Note 26 to the financial
statements.
Holding company
The holding company is BHR Enterprise Sdn. Bhd., which is incorporated in Malaysia.
Other statutory information
(a)
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:
(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 there were no known bad debts and that adequate allowance had been
made for doubtful debts; and
(ii)
to ensure that any current assets which were unlikely to realise their values 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)
it necessary to write off any bad debts or the amount of allowance for doubtful debts of the Group and of the Company
inadequate to any substantial extent; and
(ii)
the values attributed to the current assets in the financial statements of the Group and of the Company misleading.
Directors’ Report