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108
DIRECTORS’ REPORT
for the financial year ended 31 December 2005
The Directors are pleased to submit to the members their annual report and the audited financial statements of the Group and
Company for the financial year ended 31 December 2005.
PRINCIPAL ACTIVITIES
The principal activities of the Company are investment holding and the provision of management services.
The principal activities of the subsidiary companies of the Group are as stated in Note 13 to the financial statements.
There were no significant changes in the nature of these activities during the financial year.
FINANCIAL RESULTS
The financial results of the Group and Company for the financial year ended 31 December 2005 are as follows:
Group Company
RM’000 RM’000
Profit from ordinary activities after tax 33,728 16,985
Minority interests (4,517)
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Net profit for the financial year 29,211 16,985
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DIVIDENDS
The dividends paid by the Company since 31 December 2004 were as follows:
RM’000
In respect of the financial year ended 31 December 2004:
- final dividend of 7.5 sen gross per ordinary share,
less income tax of 28%, paid on 27 September 2005 12,528
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In respect of the financial year ended 31 December 2005:
- interim dividend of 2.5 sen gross per ordinary share,
less income tax of 28%, paid on 22 February 2006 4,176
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The Directors now recommend the payment of a final dividend of 5.0 sen gross per ordinary share on 231,957,933 ordinary
shares (which is net of 388,700 treasury shares), less income tax of 28%, in respect of the financial year ended 31 December 2005.
This final net dividend amounting to RM8,350,486 is subject to the approval of the members at the forthcoming Annual General
Meeting of the Company.
RESERVES AND PROVISIONS
All material transfers to or from reserves and provisions during the financial year are as disclosed in the financial statements.
EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”)
The Company had implemented an Employees’ Share Option Scheme (“ESOS”) for its eligible employees and Executive Directors of
the Group.
The ESOS was approved by the shareholders at an Extraordinary General Meeting held on 25 June 2003.
Details of the ESOS are as set out in Note 26 to the financial statements.
The Company has been granted exemption by Companies Commission of Malaysia pursuant to Section 169(11) of Companies Act, 1965
from having to disclose the list of options holders and details of their holdings other than options holders who hold options over
200,000 ordinary shares and above. The Company has also been granted exemption from having to disclose the list of Directors and
details of their holdings of options over ordinary shares.