Financial Statements - Berjaya Corporation Berhad

Directors’ Report
For The Year Ended 30 April 2001
The directors hereby submit their report together with the audited financial statements of the Company and of the Group for the
financial year ended 30 April 2001.
PRINCIPAL ACTIVITIES
The principal activities of the Company consist of investment holding and provision of management services.
The principal activities of the subsidiary and associated companies are described in Note 42 to the financial statements.
There were no significant changes in the Group’s activities during the year other than the acquisition or disposal of subsidiary
companies as disclosed in Note 42 to the financial statements.
RESULTS
Group
RM’000
Company
RM’000
Loss before taxation (321,533) (587,319)
Taxation (166,914) -
(488,447) (587,319)
Minority interests (104,803) -
Loss attributable to shareholders (593,250) (587,319)
DIVIDENDS
The amount of dividends paid or declared by the Company since 30 April 2000 were as follows:
In respect of the financial year ended 30 April 2000 as proposed in the directors’ report of that year -
RM’000
Final dividend of 1 sen per share less tax paid on 18 January 2001 10,787
The directors do not recommend the payment of any dividend in respect of the current financial year.
RESERVES AND PROVISIONS
There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the statements
of changes in equity and Note 23 to the financial statements.
BAD AND DOUBTFUL DEBTS
Before the income statements and balance sheets were made out, the directors took reasonable steps to ascertain that action had
been taken in relation to the writing off of bad debts and the making of provision for doubtful debts and satisfied themselves that
all known bad debts had been written off and that adequate provision had been made for doubtful debts.
At the date of this report, the directors are not aware of any circumstances which would render the amount written off as bad debts
or the amount of provision for doubtful debts in the financial statements of the Company and of the Group inadequate to any
substantial extent.
CURRENT ASSETS
Before the income statements and balance sheets were made out, the directors took reasonable steps to ensure that any current
asset which was unlikely to be realised in the ordinary course of business including its value as shown in the accounting records of
the Company or of the Group has been written down to an amount which it might be expected so to realise.
At the date of this report, the directors are not aware of any circumstances which would render the values attributed to the current
assets in the financial statements of the Company and of the Group misleading.
67 BERJAYA GROUP BERHAD