‘Company No: 1011948 -T MRUNCIT COMMERCE SDN. BHD. (1011948 - T) (Incorporated in Malaysia) DIRECTORS’ REPORT AND AUDITED FINANCIAL STATEMENTS, 31 DECEMBER 2016‘Company No: 1011948 -T MRUNCIT COMMERCE SDN. BHD. (Incorporated in Malaysia) CONTENTS DIRECTORS’ REPORT STATEMENT BY DIRECTORS STATUTORY DECLARATION INDEPENDENT AUDITORS’ REPORT STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME STATEMENT OF FINANCIAL POSITION STATEMENT OF CHANGES IN EQUITY STATEMENT OF CASH FLOWS, ‘NOTES TO THE FINANCIAL STATEMENTS, PAGE 10 ul 12 13 14-25Company No: 1 1011948 -T MRUNCIT COMMERCE SDN. BHD. (Incorporated in Malaysia) DIRECTORS’ REPORT ‘The Directors hereby submit their report together with the audited financial statements of the Company for the financial year ended 31 December 2016. PRINCIPAL ACTIVITIES ‘The principal activities of the Company are developing and selling software and e-commerce. There ‘have been no significant changes in the nature of these activities during the financial year. RESULTS RM Loss for the financial year 291,610 DIVIDENDS No dividend has been paid, declared or proposed by the Company since the end of the previous financial year. The Directors do not recommend the payment of any final dividend in respect of the current financial year. RESERVES AND PROVISIONS ‘There were no material transfers to or from reserves or provisions during the financial year. DIRECTORS ‘The names of the Directors of the Company in office since the date of the last report and at the date of this report are: Loh Wee Hian Leong Kah Chern Lee Chin Wee Ng Chin Kong DIRECTORS’ BENEFITS: Since the end of the previous financial year, none of the Directors of the Company have received or become entitled to receive any benefit by reason of a contract made by the Company or a related corporation with the Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest except for remuneration received by the Directors in their capacity as Directors of the related company. There were no arrangements during and at the end of the financial year, to which the Company is a party, which had the object of enabling the Directors to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate.