BIMB Integrated Annual Report 2019

CONTINGENT AND OTHER LIABILITIES At the date of this report, there does not exist: (a) any charge on the assets of the Group or of the Company that has arisen since the end of the financial year and which secures the liabilities of any other person, or (b) any contingent liability in respect of the Group or of the Company that has arisen since the end of the financial year other than those incurred in the ordinary course of the business. No contingent liability or other liability of any company in the Group has become enforceable, or is likely to become enforceable within the period of twelve months after the end of the financial year which, in the opinion of the Directors, will or may substantially affect the ability of the Group and of the Company to meet their obligations as and when they fall due. CHANGE OF CIRCUMSTANCES 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 that would render any amount stated in the financial statements of the Group and of the Company misleading. ITEMS OF AN UNUSUAL NATURE In the opinion of the Directors, the results of the operations of the Group and of the Company for the financial year have not been substantially affected by any item, transaction or event of a material and unusual nature. There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature, likely to affect substantially the results of the operations of the Group and of the Company for the current financial year in which this report is made. COMPLIANCE WITH BANK NEGARA MALAYSIA’S POLICY DOCUMENT ON FINANCIAL REPORTING AND GUIDELINES In the preparation of the financial statements, the Directors have taken reasonable steps to ensure that Bank Negara Malaysia (“BNM”)’s expectations on financial reporting have been complied with, including those as set out in the Financial Reporting for Islamic Banking Institutions and Circular on the Application of MFRS. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR The significant events during the financial year are as disclosed in Note 57 to the financial statements. SUBSEQUENT EVENTS The subsequent events during the financial year are as disclosed in Note 58 to the financial statements. DIRECTORS Directors of the Company who served during the financial year until the date of this report are: Tan Sri Ambrin bin Buang (Chairman) Mohd Tarmidzi bin Ahmad Nordin Noraini binti Che Dan Datuk Nik Mohd Hasyudeen bin Yusoff Zahari @ Mohd Zin bin Idris (appointed on 03.02.2020) Tan Sri Ismail bin Adam (retired on 03.01.2020) DIRECTORS’ REPORT for the financial year ended 31 december 2019 164 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance