Utusan Melayu (Malaysia) Bhd - Announcements

Notes T O T HE A CCOUNTS for the year ended 31 December 1999
3. PRINCIPAL ACTIVITIES AND TURNOVER
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.
Turnover of the Group and of the Company represents advertising income, commission income and sales at invoiced value after
discounts, sales tax and returns and is made up of the following:-
42 Utusan Melayu (Malaysia) Berhad
The Group The Company
1999 1998 1999 1998
RM RM RM RM
Publishing and distribution 149,971,530 144,147,529 134,585,143 129,839,770
Printing 8,596,173 7,384,115 — —
Advertisements 125,470,215 104,674,856 71,077,625 58,664,702
Investment holding and management services 1,396,787 1,039,580 — —
Information technology and multimedia 11,866,711 5,081,226 — —
4. OPERATING PROFIT/(LOSS) BEFORE TAXATION
297,301,416 262,327,306 205,662,768 188,504,472
The Group The Company
1999 1998 1999 1998
RM RM RM RM
Operating profit/(loss) before taxation
is stated after charging:-
Directors’ remuneration:
Fees
– Directors of the Company 444,205 150,000 444,205 150,000
– Directors of subsidiary companies 143,643 90,000 — —
Other emoluments
– Directors of the Company 898,892 846,451 1,015,344 846,451
– Directors of subsidiary companies 241,325 261,900 — —
Depreciation of fixed assets 24,699,095 22,465,100 12,986,358 11,840,329
Rental of premises 1,966,701 1,886,252 1,074,474 1,861,061