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Annual Report 2013
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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 2013.
Principal activities
The principal activities of the Company consist of steel fabrication, civil construction, hot dip galvanising and the manufacture
of LPG cylinders. The principal activities of the subsidiaries are set out in Note 13 to the financial statements.
There have been no significant changes in the nature of the principal activities during the financial year.
Results
Group
Company
RM
RM
Profit net of tax
34,956,566
26,057,255
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Profit attributable to:
Owners of the parent
33,457,777
26,057,255
Non-controlling interests
1,498,789
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34,956,566
26,057,255
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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.
Reserves and provisions
There were no material transfers to or from reserves and provisions during the financial year other than as disclosed in the
financial statements.
Dividends
The amounts of dividends paid by the Company since 31 December 2012 were as follows:
RM
In respect of the financial year ended 31 December 2012 as reported in the
directors’ report of that year:
First and final dividend of 10% less 25% taxation, on 257,792,000 ordinary shares
of RM0.50 each, declared on 22 February 2013 and paid on 5 June 2013
9,667,200
In respect of the financial year ended 31 December 2013:
Interim dividend of 5%, comprising 1% (tax-exempt) and 4% (taxable
at 25%), on 257,792,000 ordinary shares of RM0.50 each, declared
on 31 October 2013 and paid on 9 December 2013
5,155,840
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14,823,040
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At the forthcoming Annual General Meeting, a final single tier dividend in respect of the financial year ended 31 December
2013, of 10% on 257,792,000 ordinary shares of RM0.50 each, amounting to a dividend payable of RM12,889,600 (5 sen
per ordinary share) will be proposed for shareholders’ approval. The financial statements for the current financial year do
not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an
appropriation of retained earnings in the financial year ending 31 December 2014.