PRG Holdings Berhad Annual Report 2020

PRG HOLDINGS BERHAD 58 Directors’ Report DIRECTORS’ REPORT The Directors hereby submit their report and the audited financial statements of the Group and of the Company for the financial year ended 31 December 2020. PRINCIPAL ACTIVITIES The Company is principally engaged in investment holding and the provision of management services. 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 of the Group and of the Company during the financial year. RESULTS Group Company RM’000 RM’000 Loss for the financial year from continuing operations (33,265) (18,311) Profit for the financial year from discontinued operations 5,710 - Loss for the financial year (27,555) (18,311) Attributable to: Owners of the parent: - from continuing operations (19,018) (18,311) - from discontinued operations 5,757 - (13,261) (18,311) Non-controlling interests (14,294) - (27,555) (18,311) DIVIDEND No dividend has been paid, declared or proposed by the Company since the end of the previous financial year. The Directors do not recommend the payment of any dividend in respect of the financial year ended 31 December 2020. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the statements of changes in equity.