The directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Corporation for the financial year ended 31 December 2016. Principal activities The principal activities of the Corporation consist of shipowning, ship operating and other activities related to shipping services, and owning and operating offshore floating terminals. The principal activities of the subsidiaries, associates and joint arrangements are stated in Notes 39, 40 and 41 to the financial statements respectively. There have been no significant changes in the nature of the principal activities during the financial year. Results Group Corporation RM’000 RM’000 Profit for the year 2,793,276 1,996,092 Attributable to: Equity holders of the Corporation 2,581,550 1,996,092 Non-controlling interests 211,726 – 2,793,276 1,996,092 There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial statements. In the opinion of the directors, the results of the operations of the Group and of the Corporation during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature. Financial Statements 155 directors’ report
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