2018 UEM Edgenta Annual Report

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 2018. 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 Company RM’000 RM’000 Profit after tax 152,361 36,949 Attributable to: Owners of the parent 148,430 36,949 Non-controlling interests 3,931 – 152,361 36,949 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 amounting to RM129.0 million, as further disclosed in Note 17 to the financial statements. DIVIDENDS The amounts of dividends paid by the Company since 31 December 2017 were as follows: RM’000 In respect of the financial year ended 31 December 2017 as reported in the directors’ report of that year: Single tier special dividend of 18.00 sen on 831,624,030 ordinary shares declared on 20 February 2018 and paid on 18 April 2018 149,692 Single tier second interim dividend of 5.00 sen on 831,624,030 ordinary shares declared on 20 February 2018 and paid on 17 May 2018 41,582 In respect of the financial year ended 31 December 2018: Single tier interim dividend of 6.00 sen on 831,624,030 ordinary shares declared on 29 August 2018 and paid on 31 October 2018 49,897 241,171 On 25 February 2019, the Board of Directors has declared a single tier second interim dividend of 8.00 sen per ordinary share, on 831,624,030 ordinary shares, amounting to RM66,529,922, to be paid on 9 May 2019. The entitlement date is 18 April 2019. The financial statements for the current financial year do not reflect this dividend. The dividend will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 December 2019. The Directors do not recommend the payment of any final dividend in respect of the current financial year. Management Discussion & Analysis UEM Edgenta Berhad Annual Report 2018 About UEM Edgenta Chairman’s Statement 130