66 / 158
page
64
FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
DIRECTORS’ INTERESTS (CONTD.)
Number of Ordinary Shares of RM1.00 Each
Granted under the Restricted Share Grant Scheme
As at
As at
1 April
31 March
2015
Granted
Vested
2016
Kumpulan Fima Berhad
Penultimate Holding Company
Dato’ Roslan bin Hamir
-
60,000
(60,000)
-
The options and ordinary shares were granted pursuant to the Kumpulan Fima Berhad Employee Share Scheme
(“ESS”) which are subject to Bye-Laws governing their issues. The ESS will expire on 17 November 2016. The
salient features and terms of the ESS are disclosed in Note 25.
Other than as stated above, none of the other directors in office at the end of the financial year had any interests
in shares in the Company or its related corporations during the financial year.
TREASURY SHARES
During the financial year, the Company repurchased 84,000 of its issued ordinary shares.
As at 31 March 2016, the Company held as treasury shares a total of 3,996,200 of its 245,324,330 issued ordinary
shares of RM0.50 per share. Such treasury shares are held at a carrying amount of approximately RM3,789,000.
Further details are disclosed in Note 24 to the financial statements.
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 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 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) the amount written off for bad debts or the amount of the allowance for doubtful debts 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
(contd.)