Content2011 - PETRONAS Gas Berhad
Content2011 - PETRONAS Gas Berhad
Content2011 - PETRONAS Gas Berhad
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Directors’ Report<br />
For the Year ended 31 MarCh 2011<br />
134 petronas gas berhad (101671-h)<br />
The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the year ended<br />
31 March 2011.<br />
Principal Activities<br />
The principal activities of the Company in the course of the financial year remained unchanged and consist of separating natural gas into its<br />
components and storing, transporting and distributing such components thereof for a fee and the sale of industrial utilities.<br />
The principal activities of subsidiary, associate and jointly controlled entity are stated in Note 5, Note 6 and Note 7 to the financial statements<br />
respectively.<br />
There has been no significant change in the nature of these activities during the financial year.<br />
Results<br />
Group Company<br />
RM’000 RM’000<br />
Profit for the year 1,439,049 1,440,377<br />
Attributable to:<br />
Shareholders of the Company 1,439,251 1,440,377<br />
Minority interest (202) –<br />
Profit for the year 1,439,049 1,440,377<br />
Dividends<br />
During the financial year, the Company:<br />
i) as proposed in last year’s report, paid a final dividend of 30% per share under single tier system and 5% per share tax exempt in respect of<br />
the financial year ended 31 March 2010, altogether amounting to RM692,556,000 on 17 August 2010; and<br />
ii) paid an interim dividend of 15% per share under single tier system in respect of the financial year ended 31 March 2011 amounting to<br />
RM296,809,000 on 29 December 2010.<br />
The Directors propose a final dividend of 35% per share under single tier system amounting to RM692,556,000 in respect of the financial year<br />
ended 31 March 2011 for shareholders’ approval at the forthcoming Annual General Meeting.<br />
The financial statements do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as<br />
an appropriation of retained profits in the financial period ending 31 December 2011.<br />
Reserves and Provisions<br />
There were no material movements to or from reserves and provisions during the year other than as disclosed in the financial statements.
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