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Representation Letter
Representation Letter
Dear Sirs,
We confirm to the best of our knowledge and belief, and having made appropriate
enquiries of other directors and officials of AG ENGINEERING & CONSTRUCTION
SDN. BHD., the following representation made to you during your audit of the financial
statements of the Company for the financial year ended 31 December 2022 for the
purpose of expressing an opinion as to whether the financial statements comply with the
Companies Act, 2016 and give true and fair view of the state of affairs of the Company as
at 31 December 2022 and of its results and cash flow for the year then ended.
All minutes of the meetings of shareholders, directors and committees of directors (or
summaries of actions of recent meetings for which minutes have not yet been prepared)
and all financial and accounting records and related data have been made available to
you. We are not aware of any financial statements, transactions or material agreements
not fairly described and properly recorded in the financial and accounting records
underlying the financial statements.
We have perform due enquiries to identify parties related to the Company or related
corporation if any, including any director or with firm of which the director is a member
and / or with a company in which the director has a substantial financial interest, and any
transactions between the Company and related parties. We confirm that there are no
related party transactions and relationship to be disclosed except as those disclosed in the
financial statements.
We also confirm that all the Company’s transactions have been reflected in the
accounting records of the Company at 31 December 2022.
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ASSETS
General
2. The assets shown in the Company’s books and financial statements at 31 December
2022 were owned by the Company and were free from any encumbrances.
(a) After taking into account all capital expenditure on additions thereto, but no
expenditure properly chargeable to revenue.
(b) After eliminating the cost and accumulated depreciation relating to items sold or
scrapped.
(c) After providing for depreciation and obsolescence on bases and at rates
calculated to reduce the net book amount of each asset to its estimated residual
value by the end of its probable useful life in the Company’s business.
LIABILITIES
General
5. All liabilities have been taken up in the books of account, including the liability for
all purchases to which title has passed prior to the stated date.
Taxation
6. The amounts included in the statement of financial position in respect of taxation are
adequate to cover all unpaid taxation liabilities, agreed or estimated, arising in
respect of profits earned to the date of the statement of financial position.
Contingent Liabilities
7. We are not aware of any pending litigation involving this company.
8. All contingent liabilities have been provided or noted in the financial statements.
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Commitments
10. There was no purchase commitments in excess of normal requirements or at prices
in excess of the prevailing market prices, or agreements to repurchase items
previously sold.
13. There were no other commitments or obligations which might adversely affect the
Company.
15. There were no defaults in principal, interest, sinking fund or redemption provisions
with respect to any issue of share, loan or capital or credit agreement, or any breach
of covenant of an agreement.
16. Except as disclosed in the financial statements, the results for the year were not
materially affected by :-
17. There has been no material changes since the date of the statement of financial
position in respect of the items stated above.
18. Since the date of the statement of financial position, no events have occurred which,
though properly excluded from the financial statements, are of such importance that
they should be disclosed to shareholders through some other medium.
Yours faithfully,
For AG ENGINEERING & CONSTRUCTION SDN. BHD.
_____________________________
Mohd Azlan Bin Mohd Ghani
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