L a p o r a n T a h u n a n 2 0 0 0 A n n u a l R e p o r t - ChartNexus

Directors’ ReportFor the financial period of seventeen months ended 31 December 2000The Directors are pleased to submit to the members their annual report and the audited financial statements of the Groupand of the Company for the financial period of seventeen months ended 31 December 2000.PRINCIPAL ACTIVITIESThe principal activities of the Company are investment holding and the provision of management services.The principal activities of the subsidiary companies are set out in Note 11 to the financial statements.There were no significant changes in the nature of these activities during the financial period.CHANGE IN ACCOUNTING REFERENCE DATEThe financial year end of the Company was changed from 31 July to 31 December so as to be co-terminous with the financialyear end of its major shareholders, PERNAS International Holdings Berhad and CapitaLand Limited.This has resulted in the current financial period to be of seventeen months instead of the customary twelve months.FINANCIAL RESULTSThe financial results of the Group and of the Company for the financial period of seventeen months ended 31 December2000 are as follows:GroupRMCompanyRMProfit from ordinary activities after taxation 9,173,200 14,341,336Minority interest (3,751,734) –Net profit attributable to shareholders 5,421,466 14,341,336DIVIDENDSRMThe dividends paid by the Company during the financial periodunder review were as follows:In respect of the financial year ended 31 July 1999, as shown in the Directors’ Reportof that financial year:– special dividend of 2.5 sen gross per share, tax exempt, paid on 20 December 1999 5,786,151– final dividend of 2.5 sen gross per share, tax exempt, paid on 6 March 2000 5,786,301In respect of the financial period of seventeen months ended 31 December 2000:– interim dividend of 2.5 sen gross per share, less tax of 28%, paid on 30 November 2000 4,168,60315,741,055The Directors now recommend the payment of a final dividend of 5.0 sen gross per share, less tax of 28%, amounting toRM8,337,205 in respect of the current financial period, subject to the approval of the members at the forthcoming AnnualGeneral Meeting of the Company.32