2001 Annual Report - Kian Joo Can

D I R E C T O R S ’
R e p o r t
The Directors have pleasure in presenting their report together with the audited financial statements of the Group and of
the Company for the year ended 31 December 2001.
PRINCIPAL ACTIVITIES
The principal activities of the Company are that of manufacture and distribution of tin cans and investment holding.
The principal activities of the Group include the manufacture and distribution of tin cans, 2-piece aluminium beverage
cans, polyethelene terephalate products and corrugated fibreboard cartons, provision of engineering services, letting of
property and provision of share registration and management services.
There have been no significant changes in the nature of these activities during the year.
FINANCIAL RESULTS
Group
RM'000
Company
RM'000
Profit after taxation 31,555 22,929
Minority interest (1,372) -
Profit after taxation and minority interest 30,183 22,929
Dividends (11,572) (11,572)
Retained profit for the year 18,611 11,357
All material transfers to or from reserves or provisions during the year are shown 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
have not been substantially affected by any item, transaction or event of a material and unusual nature.
DIVIDENDS
The dividends paid or declared by the Company since the date of the last report were as follows:-
In respect of the financial year ended 31 December 2000
as shown in the Directors' Report of that financial year:-
RM'000
Final dividend of 10%, tax exempt 5,786
In respect of the financial year ended 31 December 2001:-
Interim dividend of 10%, tax exempt 5,786
The Directors now recommend a final dividend of 10%, tax exempt, amounting to RM5,786,000 in respect of the current
financial year, subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company.
EMPLOYEES' SHARE OPTION SCHEME
The Employees' Share Option Scheme ("Scheme") was approved by the shareholders at an Extraordinary General
Meeting held on 31 January 2002.
22 . Annual Report / 2001 KIAN JOO CAN FACTORY BERHAD (3186-P)