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107
Financial
Statements
& Others
Gamuda Berhad (29579-T)
Annual Report 2013
Warrants 2010/2015
Each Warrant 2010/2015 entitles the registered holder to subscribe for 1 new ordinary share in the Company at any
time on or after 26 May 2010 to 25 May 2015, at an exercise price of RM2.66 in accordance with the Deed Poll dated
15 April 2010. Any Warrant 2010/2015 not exercised by the date of maturity will lapse thereafter and cease to be valid
for all purposes. As at the reporting date, 94,347,868 Warrants 2010/2015 remained unexercised.
The ordinary shares issued from the exercise of Warrants 2010/2015 shall rank pari passu in all respects with the
existing issued ordinary shares of the Company except that they shall not be entitled to any dividends, rights, allotments
and/or other distributions, the entitlement date of which is prior to the date of allotment of the new shares arising from
the exercise of Warrants 2010/2015.
Other statutory information
a. Before the income statements, 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
provision for doubtful debts and satisfied themselves that all known bad debts have been written off and that
adequate provision 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 any bad debts or the amount of the provision for doubtful debts in the financial
statements 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.
c.
At the date of this report, the directors are not aware of any circumstances which have arisen which would 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 financial statements of the Group and of the Company which would render any amount stated in the financial
statements misleading.
e.
As at the date of this report, there does not exist:
i.
any charge on the assets of the Group or 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 of the Group or of the Company which has arisen since the end of the financial year.
Director’s Report