Notes to the Financial Statements for the Financial Year Ended 30 September 2024 Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 275 34. DIVIDENDS (CONT’D) A first interim single tier dividend of 4.0 sen per ordinary share in respect of the financial year ended 30 September 2024 amounting to RM23,087,315 was declared on 28 November 2024 and to be paid on 10 January 2025. The financial statements for the current financial year do not reflect the dividend. Such dividend will be accounted in equity as an appropriation of retained earnings in the financial year ending 30 September 2025. The directors do not recommend any final dividend payment in respect of the financial year ended 30 September 2024. 35. FINANCIAL GUARANTEES The Group The Company 2024 2023 2024 2023 RM RM RM RM Corporate and bank guarantees given by the Company to financial institutions and creditors for banking and credit facilities granted to the subsidiaries: Outstanding as at financial year end - - 338,235,048 294,295,816 Corporate guarantees given by the Company to financial institutions for banking facilities granted to an associate: Outstanding as at financial year end 20,497,435 21,881,888 20,497,435 21,881,888 The financial guarantees represent corporate and bank guarantees, which have not been recognised since the fair value on initial recognition were immaterial. The directors are of the opinion that the financial guarantees are not likely to be called upon and regard the value of the credit enhancement provided by the financial guarantees as minimal.
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