2004 - Hiap Teck Venture Berhad

Directors’ Report
The directors have pleasure in presenting their report together with the audited financial statements of the Group and of
the Company for the financial year ended 31 July 2004.
PRINCIPAL ACTIVITIES
The principal activities of the Company are investment and property holdings and the provision of management services.
The principal activities of the subsidiaries are disclosed in Note 4 to the financial statements.
There were no significant changes in the nature of these principal activities during the financial year.
RESULTS
GROUP
RM’000
COMPANY
RM’000
Profit for the year 41,346 7,537
There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the
statements of changes in equity.
In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year
were not substantially affected by any item, transaction or event of a material and unusual nature.
DIVIDENDS
Dividends paid by the Company since 31 July 2003 were as follows:
RM’000
Final dividend of 3% less 28% taxation in respect of the financial year
ended 31 July 2003 as dealt with in the directors' report for that year 3,536
Interim dividend of 2% less 28% taxation in respect of the
current financial year 2,357
At the forthcoming Annual General Meeting, a final 3% tax-exempt dividend in respect of the current financial year
amounting to RM4,911,000 will be proposed for shareholders’ approval. The financial statements for the current
financial year do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted
for in equity as an appropriation of retained profits in the financial year ending 31 July 2005.
DIRECTORS
The directors of the Company in office since the date of the last report and at the date of this report are:
Tan Sri Dato' Alwi bin Jantan
Kua Hock Lai
Mohamed Nizam bin Abdul Razak
Ong Eng Choon
Yeoh Chong Keat
Cheah Shu Boon
Law Sook Teng (f)
Tee Tuang Siong
Kua Swee Leong (Appointed on 12 November 2003)
Yoong Kah Yin (Appointed on 9 June 2004)
Toh Su Lin (f)
(Alternate director to Cheah Shu Boon)
Lu Kang Eing (Resigned on 12 November 2003)
18 HIAP TECK VENTURE BERHAD