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49<br />
N O T E S T O T H E A C C O U N T S<br />
30 APRIL 1998<br />
20 TAXATION<br />
Malaysian taxation based on results for the year<br />
Group Company<br />
1998 1997 1998 1997<br />
RM’000 RM’000 RM’000 RM’000<br />
- current 128,088 103,914 126,773 96,535<br />
- deferred tax (513) 1,300 - -<br />
- (over)/under provision in prior years (8,069) - 25 -<br />
119,506 105,214 126,798 96,535<br />
Share of taxation in associated companies 193 - -<br />
119,525 105,217 126,798 96,535<br />
The Company has sufficient tax credit under Section 108 of the Income Tax Act, 1967 to frank the<br />
payment of dividends out of all its retained profits.<br />
21 DIVIDENDS<br />
Group and Company<br />
1998 1997<br />
RM’000 RM’000<br />
Interim of 18% less 28% income tax<br />
(1997: 15% less 30% income tax)<br />
74,294 59,567<br />
Proposed final of 50% less 28% income tax<br />
(1997: 36% less 30% income tax)<br />
206,036 143,186<br />
22 EARNINGS PER SHARE<br />
280,330 202,753<br />
Earnings per share is calculated by dividing Group profit after taxation of RM334,400,000<br />
(1997: RM238,323,000) on the weighted average number of 571,038,000 (1997: 565,798,000) ordinary<br />
shares of RM1.00 each in issue during the year.<br />
23 CAPITAL COMMITMENTS<br />
Group<br />
1998 1997<br />
RM’000 RM’000<br />
Capital expenditure for fixed assets<br />
- Approved and contracted for 37,148 236<br />
- Approved but not contracted for 7,186 288<br />
44,334 524
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