Quality - UAC Berhad

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Notes to The Financial StatementsFor The Financial Year Ended 31 December 20058 FINANCE COSTGroupCompany2005 2004 2005 2004RM'000 RM'000 RM'000 RM'000This comprised interest expense on:- bankers' acceptances 0 3 0 09 TAXATIONGroupCompany2005 2004 2005 2004RM'000 RM'000 RM'000 RM'000Based on the profit of the financial year:Malaysian income tax 11,224 13,429 11,151 13,383Deferred taxation- Origination and reversal of temporary differences 1,867 254 11 (99)13,091 13,683 11,162 13,284Overprovision of income tax in respect ofprevious financial years (875) (121) (875) (121)12,216 13,562 10,287 13,163The explanation of the relationship between tax expense and profit from ordinary activities before taxation is as follows:GroupCompany2005 2004 2005 2004RM'000 RM'000 RM'000 RM'000Profit from ordinary activities before taxation 40,406 48,934 41,881 50,125Tax calculated at the Malaysian income tax rateof 28% (2004: 28%) 11,314 13,701 11,727 14,035Tax effects of:Expenses not deductible for tax purposes 358 280 349 248Income not subject to tax (132) (158) (132) (811)Reinvestment allowances (782) (188) (782) (188)Temporary difference on tax losses not recognised 368 48 0 0Reversal of deductible temporary difference notexpected to be utilised 1,965 0 0 0Overprovision in respect of previous financial years (875) (121) (875) (121)Tax expense 12,216 13,562 10,287 13,16364 <strong>UAC</strong> BERHAD (5149-H) (Incorporated in Malaysia)
Notes to The Financial StatementsFor The Financial Year Ended 31 December 200510 EARNINGS PER SHARE (SEN)aBasic earnings per share (sen)Basic earnings per share of the Group is calculated by dividing the net profit for the financial year by theweighted average number of ordinary shares in issue during the financial year.2005 2004Net profit for the financial year (RM'000) 28,259 35,402Weighted average number of ordinary shares in issue ('000) 73,478 72,963Basic earnings per share (sen) 38.5 48.5bDiluted earnings per share (sen)For the diluted earnings per share calculation, the weighted average number of ordinary shares in issue isadjusted to assume conversion of all dilutive potential ordinary shares arising from share options granted toemployees. No adjustment is made to net profit for the financial year for the share options calculation.2005 2004Net profit for the financial year (RM'000) 28,259 35,402Weighted average number of ordinary shares in issue ('000) 73,478 72,963Adjustment for share options ('000) 239 358Weighted average number of ordinary shares for diluted earnings per share ('000) 73,717 73,321Diluted earnings per share (sen) 38.3 48.311 DIVIDENDSGroup & Company2005 2004RM'000 RM'000PaidInterim of 12 sen per share less tax at 28% (2004: 12 sen per share less taxat 28% and a special dividend of 5 sen per share less tax at 28%) in respectof financial year ended 31 December 2005 6,358 8,958Final of 12 sen per share less tax at 28% and 6 sen per share tax exempt(2004: 12 sen per share less tax at 28% and 6 sen per share tax exempt)in respect of financial year ended 31 December 2004 10,749 10,68617,107 19,644A proposed final dividend of 12 sen per share less tax at 28% and 6 sen per share tax exempt in respect of thefinancial year ended 31 December 2005 (2004: 12 sen per share less tax at 28% and 6 sen per share tax exempt)will be recognised in the financial statements upon the approval by shareholders at the forthcoming AnnualGeneral Meeting.<strong>UAC</strong> BERHAD (5149-H) (Incorporated in Malaysia) 65
Page 2 and 3:
ContentsNotice of Annual General Me
Page 4 and 5:
Notice of Annual General MeetingPro
Page 6 and 7:
Corporate DataDIRECTORSJen (B) Tan
Page 10 and 11:
Profile of DirectorsJen (B) Tan Sri
Page 12 and 13:
Profile of DirectorsDatuk Alladin H
Page 14 and 15: Profile of DirectorsTan Leh KiahAge
Page 16 and 17: Chairman’s StatementTHE BUSINESS
Page 18 and 19: Chairman’s StatementIn line with
Page 20 and 21: Chairman’s StatementY. Bhg. Dato'
Page 22 and 23: Penyata PengerusiPERSEKITARAN PERNI
Page 24 and 25: Penyata PengerusiSelaras dengan kel
Page 26 and 27: Penyata PengerusiY. Bhg. Dato' Siew
Page 28 and 29: Corporate Governance StatementThe C
Page 30 and 31: Corporate Governance StatementThe a
Page 32 and 33: Report of The Audit CommitteeThe Bo
Page 34 and 35: Report of The Audit CommitteeMEETIN
Page 36 and 37: Statement on Internal ControlINTROD
Page 38 and 39: Statement on Internal ControlENTERP
Page 41 and 42: Financial StatementsDirectors’ Re
Page 43 and 44: Directors’ ReportFor The Financia
Page 45 and 46: Directors’ ReportFor The Financia
Page 47 and 48: Report of The AuditorsTo The Member
Page 49 and 50: Balance SheetsAs At 31 December 200
Page 51 and 52: Company Statement of Changes in Equ
Page 53 and 54: Company Cash Flow StatementFor The
Page 55 and 56: Notes to The Financial StatementsFo
Page 63: Notes to The Financial StatementsFo
Page 67: Notes to The Financial StatementsFo
Page 82 and 83: Statements of ShareholdingsAs At 27
Page 84 and 85: Notes84
Page 86: fold hereAffixStampHereUAC BERHAD3r
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Quality - UAC Berhad

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