APM AUTOMOTIVE HOLDINGS BERHAD
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Directors’ benefits
Since the end of the previous financial year, no Director of the Company has received nor become entitled to receive
any benefit (other than a benefit included in the aggregate amount of emoluments received or due and receivable by
Directors as shown in the financial statements or the fixed salary of a full time employee of the Company or of related
corporations) by reason of a contract made by the Company or a related corporation with the Director or with a firm
of which the Director is a member, or with a company in which the Director has a substantial financial interest, other
than certain Directors who have significant financial interest in companies which traded with certain companies in the
Group in the ordinary course of business as disclosed in Note 31 to the financial statements.
There were no arrangements during and at the end of the financial year which had the object of enabling Directors of
the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other
body corporate.
Issue of shares and debentures
There were no changes in the authorised, issued and paid-up capital of the Company during the financial year. There
were no debentures issued during the financial year.
Treasury shares
During the financial year, the Company repurchased 2,000 of its issued ordinary shares from the open market at an
average price of RM6.13 per ordinary share. The total consideration paid for the repurchase including transaction
costs was RM12,257. The ordinary shares repurchased are being held as treasury shares in accordance with Section
67A of the Companies Act, 1965.
As at 31 December 2014, the Company held as treasury shares a total of 5,914,000 of its 201,600,000 issued ordinary
shares. Such treasury shares are held at a carrying amount of RM12,818,000 and further relevant details are disclosed
in Note 16 to the financial statements.
Options granted over unissued shares
No options were granted to any person to take up unissued shares of the Company during the financial year.
Other statutory information
Before the financial statements of the Group and of the Company were made out, the Directors took reasonable steps
to ascertain that:
i)
all known bad debts have been written off and adequate provision made for doubtful debts, and
ii)
any current assets which were unlikely to be realised in the ordinary course of business have been written down
to an amount which they might be expected so to realise.
At the date of this report, the Directors are not aware of any circumstances:
i)
that would render the amount written off for bad debts or the amount of the provision for doubtful debts in the
Group and in the Company inadequate to any substantial extent, or
ii)
that would render the value attributed to the current assets in the financial statements of the Group and of the
Company misleading, or
iii)
which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group
and of the Company misleading or inappropriate, or
iv)
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.
DIRECTORS’
REPORT
For the Year Ended 31 December 2014
