Change - S P Setia Berhad

63
S P Setia Berhad Group
DIRECTORS’
REPORT
FOR THE YEAR ENDED 31 OCTOBER 2008
The directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the
financial year ended 31 October 2008.
PRINCIPAL ACTIVITIES
The Company is engaged in business as building contractors. It is also an investment holding company. The principal activities of the
subsidiary companies are indicated in note 7 to the financial statements.
There have been no significant changes in the nature of these activities during the financial year.
RESULTS
Group
RM’000
Company
RM’000
Profit attributable to shareholders of the Company 213,456 7,745
Retained earnings brought forward 897,999 810,231
Profit available for appropriation 1,111,455 817,976
Dividends (165,519) (165,519)
Retained earnings carried forward 945,936 652,457
DIVIDENDS
During the financial year, the Company paid the following dividends:
(a)
(b)
A final dividend of 15 sen per ordinary share of RM0.75 each less 26% income tax amounting to RM112,853,530 in respect of
the financial year ended 31 October 2007, as proposed in the directors’ report for that year; and
An interim dividend of 7 sen per ordinary share of RM0.75 each less 26% income tax amounting to RM52,664,981 in respect of
the financial year ended 31 October 2008.
The directors now recommend a final dividend of 10 sen per ordinary share of RM0.75 each less 25% income tax amounting to
RM76,252,385 in respect of the financial year ended 31 October 2008.
RESERVES AND PROVISIONS
There were no material transfers to or from reserves or provisions during the financial year except as disclosed in the statements of
changes in equity set out on pages 74 and 79.