Hatching For The Future - teo seng capital berhad

Teo Seng Capital Berhad
Directors’ Report
The directors have pleasure in submitting their report together with the audited financial statements of the Group and of the
Company for the financial year ended 31 March 2012.
PRINCIPAL ACTIVITIES
The Company is principally engaged in the business of investment holding and provision of management services. The
principal activities of the subsidiaries are set out in Note 7 to the financial statements.
There have been no significant changes in the nature of these principal activities during the financial year.
RESULTS
Group
RM
Company
RM
Profit after tax for the financial year 17,137,136 6,297,824
Attributable to :
Owners of the Company 17,262,160 6,297,824
Non-controlling interests (125,024) -
17,137,136 6,297,824
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
Dividend paid or declared by the Company since the end of the previous financial year were as follows :
A final single tier dividend of 7.00% equivalent to 1.40 sen per ordinary share approximately of RM 2,800,000 which was
proposed in respect of the financial year ended 31 March 2011 and dealt with in the previous directors’ report, was
declared on 27 July 2011 and subsequently paid on 23 November 2011. The payment was made to the shareholders
whose name appeared in the Company’s Records of Depositors on 1 November 2011.
The Board of Directors proposed a final single tier dividend of 8.75% equivalent to 1.75 sen per ordinary share
approximately of RM 3,500,000 in respect of the financial year ended 31 March 2012. The dividend is subject to the
approval of shareholders at the forthcoming Annual General Meeting of the Company and has not been included as a
liability in the financial statements. Such dividend, if approved by the shareholders, will be accounted for in equity as an
appropriation of retained profits for the financial year ending 31 March 2013.
Annual Report 2012
RESERVES AND PROVISIONS
There was no material transfers to or from reserves and provisions during the financial year save as disclosed in the
financial statements.
ISSUES OF SHARES AND DEBENTURES
There was no issue of shares and debentures during the financial year.
30