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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

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