Additional Compliance Information OTHER INFORMATION (a) Recurrent Related Party Transactions (RRPT) of revenue nature The shareholders of the Company approved the Proposed Renewal of Shareholders’ Mandate for RRPT of a revenue or trading nature during its AGM held on 30 August 2022. The Company is also seeking shareholders’ approval to renew the Shareholders’ Mandate for RRPT and New Shareholders’ Mandate for additional RRPT of a revenue or trading nature in the forthcoming AGM. The details of the RRPT entered into or to be entered by the Company or its subsidiaries with related parties are included in the Circular/Statement to Shareholders. (b) Share Buy-Back The shareholders of the Company approved the Proposed Renewal of Share Buy-Back Authority during its AGM held on 30 August 2022. The Company is also seeking shareholder approval to renew the Share Buy-Back Authority in the forthcoming AGM. The details of the Share Buy-Back are included in the Circular/Statement to Shareholders. (c) Audit fees and Non-audit fees The amount of audit fees and non-audit fees of the external auditors, for the financial year ended 31 March 2023 were as follows:- Audit fees Non-audit fees Group RM’000 Company RM’000 Group RM’000 Company RM’000 KPMG PLT Malaysia 1,866 158 129 30 Overseas affiliates of KPMG PLT Malaysia 305 - 113 - Other auditors 580 - - - ADDITIONAL COMPLIANCE INFORMATION In compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following additional information is provided:- During the financial year under review, there were no: i) material contracts between the Company and its subsidiaries that involve directors’ or major shareholders’ interests; and ii) contract of loans between the Company and its subsidiaries that involve directors’ or major shareholders’ interests. STATEMENT OF DIRECTORS’ RESPONSIBILITY In preparing those financial statements, the Directors have: • adopted and consistently applied suitable accounting policies; • made judgements and estimates that are prudent and reasonable; • ensured applicable financial reporting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and • prepared it on the going concern basis unless it is inappropriate to presume that the Group and the Company will continue in business. The Directors are responsible in ensuring proper accounting records are kept, which disclose with reasonable accuracy at any time the financial position of the Group and of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2016. The Directors are also responsible to take such steps to safeguard the assets of the Group and of the Company and hence, the prevention and detection of fraud and other irregularities. Directors are required by Companies Act 2016 to prepare financial statements for each financial year which give a true and fair view of the financial position of the Group and of the Company at the end of the financial year and of the financial performance of the Group and of the Company for the financial year then ended. QL RESOURCES BERHAD INTEGRATED ANNUAL REPORT 2023 SEC. L E A D E R S H I P & G OVERNANCE 6 111 110 PG. PG.
RkJQdWJsaXNoZXIy NTkwNzg=