My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 92 The directors hereby submit their report and the audited financial statements of the Group and of the Company for the financial period ended 31 December 2019. PRINCIPAL ACTIVITIES The Company is principally engaged in the businesses of development and implementation of the Electronic Government Services project and the provision of other related services for the Electronic Government Services project, as well as investment holding. The principal activities of the subsidiaries are set out in Note 6 to the financial statements. CHANGE OF FINANCIAL YEAR END The Company changed its financial year end from 30 September to 31 December during the current financial period. RESULTS The Group The Company RM’000 RM’000 Profit after taxation for the financial period 302,156 265,885 Attributable to:- Owners of the Company 303,090 265,885 Non-controlling interests (934) - 302,156 265,885 DIVIDENDS Dividends paid or declared by the Company since 30 September 2018 are as follows:- RM’000 In respect of the financial period ended 30 September 2018 A final dividend of 1.40 sen per ordinary share, approved by the shareholders at the Annual General Meeting held on 14 March 2019, paid on 5 June 2019 48,781 In respect of the financial period ended 31 December 2019 A first interim dividend of 0.50 sen per ordinary share, paid on 23 August 2019 17,421 66,202 At the forthcoming Annual General Meeting, a final dividend of 2.0 sen per ordinary share amounting to approximately RM69.3 million in respect of the current financial period will be proposed for shareholders’ approval. The financial statements for the current financial period do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for as a liability in the financial year ending 31 December 2020. DIRECTORS’ REPORT