The issue date for 53,458,666 Rights Issue of warrants was 29 February 2008. The warrants will expire on 28 February 2018. The exercise period for the warrants 2008/2018 is ten (10) years commencing from and inclusive of the date of issue of the Warrants 2008/2018. Warrants 2008/2018 which are not exercised during the exercise period shall thereafter lapse and cease to be valid. OTHER STATUTORY INFORMATION 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 which would render any amount stated in the financial statements of the Group and of the Company misleading. In the opinion of the Directors: a. the results of the operations of the Group and of the Company for the financial year were not substantially affected by any item, transaction or event of a material and unusual nature; and b. there has not arisen in the interval between the end of the financial year and the date of this report, any such 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 financial year in which this report is made. SUBSEQUENT EVENT The subsequent event is as disclosed in Note 36 to the financial statements. DIRECTORS’ REPORT (Cont’d)
26 ± ANNUAL REPORT 2014 AUDITORS The auditors, Messrs. STYL Associates, have indicated their willingness to continue in office. Signed on behalf of the Board in accordance with a resolution of the Directors, ______________________________________ ____________________________________ MICHAEL MOO KAI WAH JOHN LEE YAN HONG @ JOHN LEE DIRECTORS’ REPORT (Cont’d)
27 ± ANNUAL REPORT 2014 STATEMENT BY DIRECTORS Pursuant to Section 169(15) of the Companies Act, 1965 We, MICHAEL MOO KAI WAH and TEO KIEW LEONG , two of the Directors of BORNEO OIL BERHAD, state that, in the opinion of the Directors, the accompanying financial statements of the Group and of the Company, together with the notes thereto, are drawn up in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia so as to give a true and fair view of the financial position of the Group and of the Company as at 31 January 2014 and of their financial performance and cash ﬂows for the year then ended. The supplementary information set out in Note 38, which is not part of the financial statements, is prepared in all material respects, in accordance with Guidance on Special Matter No. 1 “Determination of Realised and Unrealised Profits or Losses in the Context of Disclosure Pursuant to Bursa Malaysia Securities Berhad Listing Requirements” as issued by the Malaysian Institute of Accountants and the directive of Bursa Malaysia Securities Berhad. Signed on behalf of the Board in accordance with a resolution of the Directors, STATUTORY DECLARATION Pursuant to Section 169(16) of the Companies Act, 1965 I, MICHAEL MOO KAI WAH, the Director primarily responsible for the financial management of BORNEO OIL BERHAD, do solemnly
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