Pg 108 - Berjaya Corporation Berhad

Directors’ Reportfor the year ended 30 April 2008The Directors have pleasure in presenting their report together with the audited financial statements of the Group and of theCompany for the financial year ended 30 April 2008.PRINCIPAL ACTIVITIESThe principal activities of the Company are investment holding and provision of management services to its subsidiary companies.The principal activities of the Group are:• operations of Toto betting under Section 5 of the Pool Betting Act, 1967;• leasing of on-line lottery equipment;• manufacture and distribution of computerised lottery systems;• property investment and development; and• investment holding.Details of the subsidiaries are disclosed in Note 4 to the financial statements.There have been no significant changes in the nature of the above principal activities during the financial year.RESULTSGroupRM’000CompanyRM’000Profit for the year 358,749 298,668Attributable to:Equity holders of the Company 348,663 298,668Minority interests 10,086 -358,749 298,668There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the financialstatements.In the opinion of the Directors, the results of the operations of the Group and of the Company during the financial year were notsubstantially affected by any item, transaction or event of a material and unusual nature other than the effects arising from thechanges in accounting policies due to adoption of the new and revised FRSs as disclosed in Note 2.3 to the financial statements.DIVIDENDSThe amount of dividends paid by the Company since 30 April 2007 were as follows:In respect of the financial year ended 30 April 2007 as reported in the Directors’ Report of that year:RM’000Fourth interim gross dividend of 7.5 sen per share on 1,263,430,072 ordinaryshares with voting rights, less income tax of 27%, paid on 30 August 2007 69,173Berjaya Sports Toto Berhad (9109-K) Annual Report 2008 29