FINANCIAL STATEMENTS The Directors have pleasure in submitting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2022. 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 its subsidiaries are disclosed in Note 8 to the financial statements. There have been no significant changes in the nature of these activities of the Company and of its subsidiaries during the financial year. Financial results Group Company RM’000 RM’000 Profit for the financial year 400,402 100,268 Attributable to: Owners of the Company 398,662 100,268 Non-controlling interests 1,740 - 400,402 100,268 Reserves and provisions There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial statements. Dividends Since the end of the last financial year, the Company paid: RM’000 In respect of the financial year ended 31 December 2021: - a final dividend of 1.03 sen per ordinary share, paid on 21 September 2022 76,071 In respect of the financial year ended 31 December 2022: - a first interim single tier dividend of 0.25 sen per ordinary share, paid on 25 November 2022 18,595 94,666 On 27 February 2023, the Directors recommended the payment of a final single-tier dividend of 1.17 sen per ordinary share in respect of the current financial year, subject to the approval of the shareholders at the forthcoming Annual General Meeting. Issue of shares and debentures During the financial year, the Company increased its issued and paid-up share capital from RM854,894,698 to RM904,076,762 by issuance of 68,954,436 new ordinary shares from the exercise of Dividend Reinvestment Plan (“DRP”) at an exercise price of RM0.715 per share amounting to RM49,182,065 as disclosed in Note 24 to the financial statements. DIRECTORS’ REPORT 139
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