The system can only provide reasonable assurance against misstatement, loss or fraud as certain threats and risks are externally driven, unforeseen and beyond the control of the Group. The internal audit function adopts a risk-based approach in identifying areas of priority and carries out its work according to an audit plan approved by the Audit Committee.
The Board of Directors recommends a special 10 sen single-tier dividend for the financial year under review. Written notice of the meeting together with the agenda shall be given to the members of the Committee and external auditors where applicable.
He was promoted to Admin Senior Executive in July, Risk Management Framework The Board, through Senior Management and Audit Committee, ensures that there is an on-going process for identifying, evaluating and managing significant risks faced by the Group.
Through these associations, products of the Group were donated to single parent families, handicapped associations and families under poverty.
He does not have any conflict of interest with the Company nor convictions for any offences over the past 10 years. When necessary, the Board members may seek external professional advice, whether as a full Board or in their individual capacity, to enable them to discharge their duties with adequate knowledge at the expense of the Company.
Operating units meetings are conducted regularly to review financial performance, business development and deliberate on management issues. The results of the audit and recommendations for improvement co-developed with Management were presented at the Audit Committee Meetings.
We look forward to another year of success as we work together to greater heights for the Group. He has no convictions for any offences over the past 10 years.
All Directors may gain full access to the advice and services of the Company Secretary, who is responsible for ensuring that Board procedures are followed and that relevant rules and regulations are complied with. The dates and attendees of the meetings held are stated below: The cost incurred for the internal audit function in the financial year ended 31 December, amounted to RM57, Significant issues are highlighted and discussed at Board meetings.
Chairman of the Audit Committee, Woon Chin Chan, is a seminar speaker by profession and has conducted numerous seminars organised by Bursatra Sdn. The AGM serves as the primary forum to foster dialogue with shareholders. The Audit Committee reviewed through the findings of the Internal Auditors to ensure that any major weaknesses are recognized and rectified on a timely basis, and an effective and efficient internal control system is well maintained.
Re-election Article 76 of the Articles of Association of the Company provides that all the Directors of the Company shall retire from office once at least in every three 3 years but shall be eligible for re-election. Accordingly, these systems can only provide reasonable and not absolute assurances against material misstatement or loss.
Internal Audit Function The responsibility for reviewing the adequacy and integrity of the internal control system has been delegated by the Board to the Audit Committee.
After registering a slower 5. The External Auditors regarded this Statement to be consistent with their understanding of the process adopted by the Board while reviewing the adequacy and integrity of the internal control of the Group. I would also like to thank our esteemed customers, suppliers, selling agents, financiers, business associates and shareholders for their continuous support and confidence in us and our business.
He is a member of the Remuneration Committee. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Hup Seng Industries Berhad (P). All Rights Reserved. site by soulizensoulizen. Annual Report Hup Seng Industries Berhad (Company No: P) 23 b) Contracts Relating to Loan There were no contracts relating to a loan by the Company and its subsidiaries in respect of the preceding terms. Directors or Management by the relevant regulatory bodies during the financial year 31 December Hup Seng Industries Berhad is a public listed company on the main market of Bursa Malaysia.
Our group manufactures and sells crackers, biscuits, cookies and beverage mix. ANNUAL REPORT HUP SENG INDUSTRIES BERHAD (P) CHAIRMAN’S STATEMENT REvIEw OF THE FInAnCIAl PERFORmAnCE The Group’s revenue for the financialyear ended 31 December rose RM million to RM million which represented an increase of % of that registered in the preceding year of RM million.
because hup seng is a good counter and somemore its share price very cheap with dividend yield also higher than FD: ILoveDividend Posts: Joined: Dec ANNUAL REPORT ANNUAL REPORT ANNUAL REPORT ANNUAL REPORT ANNUAL REPORT ANNUAL REPORT ANNUAL REPORT Nov 05, · Updated annual income statement for Hup Seng Industries Bhd - including HUPSENG income, sales & revenue, operating expenses, EBITDA and more.Hup seng annual report