FIMA CORPORATION ANNUAL REPORT 2019

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 it necessary to write off any 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.

render adherence to the existing method of valuation of assets or liabilities of the Group and of the Company

misleading or inappropriate.

(d) At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this

report or the financial statements which would render any amount stated in the financial statements of the

Group and of the Company misleading.

(e) As at the date of this report, there does not exist:

(i) any charge on the assets of the Group and of the Company which has arisen since the end of the financial

year which secures the liabilities of any other person; or

(ii) any contingent liability in respect of the Group or of the Company which has arisen since the end of the

financial year.

(f) In the opinion of the directors:

(i) no contingent liability or other liability has become enforceable or is likely to become enforceable within

the period of twelve months after the end of the financial year which will or may affect the ability of the

Group and of the Company to meet their obligations as and when they fall due; and

(ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end

of the financial year and the date of this report which is likely to affect substantially the results of the

operations of the Group and of the Company for the financial year in which this report is made.