ANNUAL REPORT 2021 163 FINANCIAL STATEMENTS DIRECTORS’ REPORT The directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2021. PRINCIPAL ACTIVITIES The principal activities of the Company are investment holding and provision of management services to its subsidiaries. The principal activities and other information of the subsidiaries, joint ventures and associates are described in Note 45 to the financial statements. RESULTS Group RM’000 Company RM’000 Profit after tax 43,360 41,412 Attributable to: Owners of the parent 42,003 41,412 Non-controlling interests 1,357 - 43,360 41,412 There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial statements. In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature other than the impairment loss on investment in a subsidiary company amounting to RM40.3 million for the Company and staff rationalisation cost incurred amounting to RM12.6 million for the Group as further disclosed in Notes 16(b) and Note 8, respectively to the financial statements. DIVIDENDS On 24 February 2022, the Board of Directors declared an interim dividend of 3.00 sen per ordinary share on 831,624,030 ordinary shares, amounting to RM24,948,721 in respect of financial year ended 31 December 2021, to be paid on 19 May 2022. The entitlement date is 21 April 2022. The financial statements for the current financial year do not reflect this dividend. This dividend will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 December 2022. The directors do not propose any final dividend for the financial year ended 31 December 2021. FINANCIAL STATEMENTS Directors’ Report 163 Statement by Directors 169 Statutory Declaration 169 Independent Auditors’ Report 170 Statements of Comprehensive Income 176 Statements of Financial Position 178 Statements of Changes in Equity 182 Statements of Cash Flows 185 Notes to the Financial Statements 187
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