FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 140 HOW WE ARE GOVERNED STATEMENT ON DIRECTORS' RESPONSIBILITY The Directors are required by the Companies Act, 1965 (Act) to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Group and the Company at the end of the financial year and the results and the cash flows of the Group and the Company for the financial year. As required by the Act and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the financial statements have been prepared in accordance with the Financial Reporting Standards issued by the Malaysian Accounting Standards Board and the provisions of the Act. The Directors consider that in preparing the financial statements for the financial year ended 31 December 2016 set out on pages 162-339, the Group has used the appropriate accounting policies, consistently applied and supported by reasonable and prudent judgements and estimates. The Directors have responsibility for ensuring that proper accounting records are kept. The accounting records should disclose with reasonable accuracy the financial position of the Group and the Company to enable the Directors to ensure that the financial statements comply with the Act. The Directors have the general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Group and to prevent and detect fraud and other irregularities. This statements is made in accordance with a resolution of the Board of Directors dated 17 April 2017.