Financial Statements 207 Integrated Annual Report 2023 FINANCIAL STATEMENTS 207 Directors’ Report 212 Statements of Financial Position 213 Statements of Profit or Loss and Other Comprehensive Income 214 Consolidated Statement of Changes in Equity 216 Statement of Changes in Equity 217 Statements of Cash Flows 222 Notes to the Financial Statements 306 Statement by Directors 306 Statutory Declaration 307 Independent Auditors’ Report DIRECTORS’ REPORT For the year ended 31 December 2023 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 2023. PRINCIPAL ACTIVITIES The Company is principally engaged in investment holding activities whilst the principal activities of the subsidiaries are as stated in Note 7 to the financial statements. There has been no significant change in the nature of these activities during the financial year. SUBSIDIARIES The details of the Company’s subsidiaries are disclosed in Note 7 to the financial statements. RESULTS Group RM’000 Company RM’000 Profit for the year attributable to: Owners of the Company 1,215,268 625,331 Non-controlling interests 302,724 - 1,517,992 625,331 RESERVES AND PROVISIONS There were no material transfers to or from reserves and provisions during the financial year under review except as disclosed in the financial statements. DIVIDENDS Since the end of the previous financial year, the amount of dividends paid by the Company were as follows: i) In respect of the financial year ended 31 December 2022 as reported in the Directors’ Report of that year, a fourth interim ordinary dividend of 1.75 sen per ordinary share totalling RM144,193,000 declared on 24 February 2023 and paid on 31 March 2023. ii) In respect of the financial year ended 31 December 2023: • a first interim ordinary dividend of 1.75 sen per ordinary share totalling RM144,193,000 declared on 30 May 2023 and paid on 30 June 2023. • a second interim ordinary dividend of 1.75 sen per ordinary share totalling RM144,193,000 declared on 29 August 2023 and paid on 29 September 2023. • a third interim ordinary dividend of 1.75 sen per ordinary share totalling RM144,193,000 declared on 28 November 2023 and paid on 29 December 2023. Subsequent to the end of the current financial year, the Directors declared a fourth interim ordinary dividend of 1.75 sen per ordinary share totalling RM144,193,000 on 28 February 2024 in respect of the financial year ended 31 December 2023, which was paid on 29 March 2024. The Directors do not recommend any final dividend to be paid for the financial year under review.
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