Events 2005 - ChartNexus
Events 2005 - ChartNexus
Events 2005 - ChartNexus
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Notes to the Financial Statements 31 December <strong>2005</strong><br />
28. DIVIDENDS<br />
<strong>2005</strong> 2004<br />
Gross Amount of Gross Amount of<br />
dividend dividend, dividend dividend,<br />
per share net of tax per share net of tax<br />
sen RM’000 sen RM’000<br />
First interim dividend paid 15.0 39,636 15.0 35,102<br />
Special dividend paid 5.0 18,350 – –<br />
Second interim dividend proposed 15.0 39,791 15.0 35,358<br />
Special dividend proposed 5.0 18,422 5.0 11,786<br />
40.0 116,199 35.0 82,246<br />
29. ACQUISITION OF A SUBSIDIARY COMPANY<br />
On 21 September <strong>2005</strong>, the Company has entered into a conditional sale and purchase agreement to acquire 70% equity interest<br />
in Rimakmur Sdn. Bhd. representing a total of 22,400 ordinary shares of RM1.00 each for a total cash consideration of<br />
RM7,178,639. The acquisition was completed on 9 November <strong>2005</strong>.<br />
(i) Effect on financial results<br />
The effect of this acquisition on the financial results of the Group was shown below:<br />
STAR PUBLICATIONS<br />
(MALAYSIA) BERHAD<br />
9.11.<strong>2005</strong><br />
to<br />
31.12.<strong>2005</strong><br />
RM’000<br />
Revenue –<br />
Other income –<br />
Operating costs (291)<br />
Loss before tax (291)<br />
Taxation –<br />
Net loss for the financial year (291)<br />
Decrease in Group’s net profit (291)<br />
149