ANNUAL REPORT 2008 - KNM Steel Sdn Bhd

NOTES TO THE
FINANCIAL STATEMENTS (CONT’D)
22. Earnings per ordinary share – Group (cont’d)
22.2 Diluted earnings per ordinary share (Cont’d)
Group
2008 2007
sen
sen
Diluted earnings per ordinary share 8.71 5.05
The previous year’s earnings per ordinary share has been restated based on the profit attributable
to ordinary shareholders of RM188,133,000 and the weighted average number of ordinary shares
outstanding during the year of 3,722,899,000 ordinary shares after taking into consideration the bonus
issue of 2,637,394,000 ordinary shares of RM0.25 each which had also affected the share options.
The average market value of the Company’s shares for purpose of calculating the dilutive effect of shares
options was based on quoted market prices for the period the options were outstanding.
23. Dividend
Dividend recognised in the current year by the Company are:
Sen per Total
share amount Date of
(net) RM’000 payment
2008
Interim 2007 ordinary (net of tax) 2.96 31,065 18 April 2008
2007
Final 2006 ordinary (tax exempt) 5.00 12,952 1 August 2007
On 24 February 2009, the Board of Directors declared an interim dividend of 1 sen per ordinary share less tax
at 25% totaling RM29,524,538 and 0.5 sen per ordinary share tax exempt totaling RM19,683,029 in respect
of the year ended 31 December 2008. The dividend was paid on 18 March 2009.
24. Contingent liabilities - unsecured
Group
Company
2008 2007 2008 2007
RM’000 RM’000 RM’000 RM’000
Guarantees and contingencies relating
to borrowings of subsidiaries – – 4,071,083 1,429,981
KNM GROUP BERHAD
97
ANNUAL REPORT 2008