perspective perspective - ChartNexus

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10 EARNINGS AND NET TANGIBLE ASSETS PER SHARE (cont’d)
(a) Earnings per share (cont’d)
Diluted earnings per share
As at 31 December 2005, the Company has 8,838,100 (2004: 9,647,500) unissued ordinary shares outstanding under the
Employees’ Share Option Scheme (“ESOS”) for eligible employees and Executive Directors of the Group. In accordance with
the provisions laid down by FRS 1332004 “Earnings Per Share” (formerly known as MASB 13), options over ordinary shares
are dilutive when they would result in the issue of ordinary shares for less than fair value (determined based on the market
price of the ordinary shares). Since the exercise prices of options over ordinary shares are above the fair value of the
Company’s ordinary shares for the financial years 2005 and 2004, the options over ordinary shares are non-dilutive.
Accordingly, diluted earnings per share information is not presented in the financial statements.
(b) Net tangible assets per share
The net tangible assets per share is calculated by dividing the net tangible assets of the Group of RM746,401,879 (2004:
RM733,970,164) by the issued share capital of 231,957,933 shares, (which is net of 388,700 treasury shares) (2004: 232,034,733
shares, [which is net of 311,900 treasury shares]), at the end of the financial year.
11 DIVIDEND PER SHARE
Dividends declared and proposed in respect of ordinary shares of the Group and Company for the financial year are as follows:
2005 2004
Gross Amount of Gross Amount of
dividend dividend,net dividend dividend,net
per share of 28% tax per share of 28% tax
Sen RM’000 Sen RM’000
Interim dividend declared 2.5 4,176 - -
Proposed final dividend 5.0
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8,350
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7.5
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12,528
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7.5 12,526 7.5 12,528
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At the forthcoming Annual General Meeting (“AGM”) on 20 June 2006, a final dividend of 5.0 sen (2004: 7.5 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 will be proposed for shareholders’ approval. This final net dividend amounts to RM8,350,486.
These financial statements do not reflect this final dividend as a liability. The final dividend will be accrued as a liability only
after it has been approved by the shareholders at the forthcoming AGM.
12 PROPERTY, PLANT AND EQUIPMENT
Group
2005
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
for the financial year ended 31 December 2005
As at Disposals/ As at
1.1.2005 Additions write-off 31.12.2005
RM’000 RM’000 RM’000 RM’000
Cost/Valuation
Freehold land 332,308 – – 332,308
Buildings 17,042 3 – 17,045
Furniture, fittings and equipment 6,727 1,048 (239) 7,536
Motor vehicles 1,621 993 (392) 2,222
Plant and machinery 20 – – 20
Stable and equestrian equipment 100
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–
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(3)
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97
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357,818 2,044 (634) 359,228
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