GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 55 The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the financial year ended 31 December 2017. PRINCIPAL ACTIVITIES The principal activities of the Company are those of investment holding, developing and selling in-house software programmes, sale and rental of Electronic Data Capture (“EDC”) equipment and its related software and services, inclusive of installation, training and maintenance. The principal activities of the subsidiaries are disclosed in Note 14 to the financial statements. There have been no significant changes in the nature of these activities during the financial year. RESULTS Group Company RM RM Profit/(Loss) for the financial year 20,504,618 (179,560) Profit/(Loss) attributable to: Owners of the parent 20,451,147 (179,560) Non-controlling interests 53,471 - 20,504,618 (179,560) DIVIDENDS Company RM In respect of financial year ended 31 December 2016: Interim dividend of 0.005 sen per ordinary share, paid on 20 February 2017 3,266,537 The Directors do not recommend the payment of any final dividend for the financial year ended 31 December 2017. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than the effects of adoption of Companies Act, 2016 in Malaysia as disclosed in Note 22 to the financial statements. DIRECTORS’ REPORT