E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 4
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DIRECTORS’ REPORT
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 2014.
PRINCIPAL ACTIVITIES
The principal activities of the Company are the development, provision and maintenance of computer software
application solutions for the financial services industry. The principal activities of the subsidiaries are set out in
Note 11 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 for the financial year
8,844,012
8,380,038
Attributable to:
Owners of the parent
8,628,159
8,380,038
Non-controlling interests
215,853
-
8,844,012
8,380,038
DIVIDENDS
Dividends paid, declared or proposed since the end of the previous financial year were as follows:
Company
RM
In respect of the financial year ended 31 December 2014:
First interim tax exempt dividend of 1.5 sen per ordinary share, paid on 28 March 2014
3,101,521
Second interim tax exempt dividend of 1.0 sen per ordinary share, paid on
22 December 2014
2,067,681
5,169,202
The Directors do not recommend the payment of any final dividend in respect of the current financial year.
On 24 February 2015, the Directors declared a tax exempt first interim dividend of 1.0 sen per ordinary share of
RM0.10 each in respect of the financial year ending 31 December 2015.
RESERVES AND PROVISIONS
There were no material transfers to or from reserves or provisions during the financial year.
ISSUE OF SHARES AND DEBENTURES
During the financial year, the Company increased its authorised share capital from RM25,000,000 comprising
250,000,000 ordinary shares of RM0.10 each to RM50,000,000 comprising 500,000,000 ordinary shares of RM0.10
each by the creation of an additional 250,000,000 ordinary shares of RM0.10 each.
There were no other issues of shares or debentures during the financial year.
