ANNUAL REPORT 2016
33
Techno
Dex
Berhad
(627634-A)
WARRANTS 2013/2018 (continued)
During the last financial year, 530,000 Warrants 2013/2018 were converted into ordinary shares. As at 30 April 2016,
the total number of Warrants 2013/2018 which were unconverted amounted to 84,666,350 units. Details of the
Warrants 2013/2018 are disclosed in Note 16 to the financial statements.
There were no exercise of warrant during the current financial year end and since the end of the financial year.
The ordinary shares issued from the exercise of Warrants 2013/2018 shall rank pari passu in all respects with the
existing issued ordinary shares of the Company, save and except that they will not be entitled to any dividends, rights,
allotment, and/or other distributions that may be declared, made or paid prior to the date of allotment and issue of the
new shares arising from the exercise of Warrants 2013/2018.
OPTIONS GRANTED OVER UNISSUED SHARES
During the financial year, no options were granted by the Company to any person to take up any unissued shares in
the Company.
BAD AND DOUBTFUL DEBTS
Before the financial statements of the Group and of the Company were made out, the directors took reasonable
steps to ascertain that action had been taken in relation to the writing off of bad debts and the making of allowance
for impairment losses on receivables, and satisfied themselves that there are no known bad debts and that adequate
allowance had been made for impairment losses on receivables is required.
At the date of this report, the directors are not aware of any circumstances that would require the writing off of bad
debts, or further allowance for impairment losses on receivables in the financial statements of the Group and of the
Company.
CURRENT ASSETS
Before the financial statements of the Group and of the Company were made out, the directors took reasonable
steps to ascertain that any current assets other than debts, which were unlikely to be realised in the ordinary course
of business, including their value as shown in the accounting records of the Group and of the Company, 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 which would render the values attributed
to the current assets in the financial statements misleading.
VALUATION METHODS
At the date of this report, the directors are not aware of any circumstances which have arisen which render
adherence to the existing methods of valuation of assets or liabilities of the Group and of the Company misleading or
inappropriate.
CONTINGENT AND OTHER LIABILITIES
The contingent liabilities are disclosed in Note 33 to the financial statements. At the date of this report, there does not
exist:-
(a) any charge on the assets of the Group and of the Company that has arisen since the end of the financial year
which secures the liabilities of any other person; or
(b) any contingent liability of the Group and of the Company which has arisen since the end of the financial year.
DIRECTORS’
REPORT
(continued)
