Utusan Melayu (Malaysia) Bhd - Announcements

Directors’ R EPORT for the year ended 31 December 1999
The Directors submit their report together with the audited accounts of the Group and of the Company for the financial year ended
31 December 1999.
PRINCIPAL ACTIVITIES
The principal activities of the Company during the financial year are to carry out the business of publication, printing and distribution
of newspapers, magazines and books. The principal activities of the subsidiary companies during the financial year are set out in note
15 to the accounts. There have been no significant changes in the nature of these activities during the financial year.
FINANCIAL RESULTS
The Group The Company
RM RM
Profit for the financial year after taxation and minority interests 13,050,706 11,721,195
Unappropriated profit brought forward 47,184,519 40,552,690
Profit available for appropriation 60,235,225 52,273,885
Dividends (4,456,675) (4,456,675)
55,778,550 47,817,210
Transfer to capital reserve (360,000) —
Unappropriated profit carried forward 55,418,550 47,817,210
In the opinion of the Directors, the results of the operations of the Group and of the Company during the financial year have not
been substantially affected by any item, transaction or event of a material and unusual nature.
DIVIDENDS
Dividends paid, declared or proposed since the end of the Company’s previous financial year were as follows:-
(a) In respect of the financial year ended 31 December 1999:
A proposed final dividend of 8% less tax at 28% 4,456,675
MOVEMENTS ON RESERVES AND PROVISIONS
There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the notes to
the accounts.
RM
Utusan Melayu (Malaysia) Berhad
31