Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

The directors have pleasure in presenting their report together with the audited fi nancial statements of the Group
and of the Company for the fi nancial year ended 31 December 2011.
Principal Activities
The Company is principally an investment holding company. It also provides centralised treasury and administrative
services to the Group.
The Group is principally engaged in clinker and cement manufacturing, construction, road maintenance, quarry
operations, property development, trading and services.
The principal activities of the subsidiaries are more particularly set out in Note 19 to the fi nancial statements.
There have been no signifi cant changes in the nature of the principal activities during the fi nancial year.
Results
Group Company
RM’000 RM’000
Profi t attributable to:
- Owners of the Company 120,021 143,853
- Non-controlling interests 24,461 -
Profi t net of tax 144,482 143,853
In the opinion of the directors, the results of the operations of the Group and of the Company during the fi nancial
year were not substantially affected by any item, transaction or event of a material and unusual nature, other than
as disclosed in the fi nancial statements.
Reserves
There were no material transfers to or from reserves or provisions during the fi nancial year other than as disclosed
in the fi nancial statements.
Dividends
The amount of dividend paid by the Company since 31 December 2010 were as follows:
Directors’ Report
In respect of the fi nancial year ended 31 December 2010 as reported in the directors’ report of that year:
RM’000
First and fi nal dividend of 5% less 25% taxation, on 329,480,840 ordinary shares,
declared on 26 May 2011 and paid on 22 July 2011 12,355
Special dividend of 5% less 25% taxation, on 329,480,840 ordinary shares,
declared on 26 May 2011 and paid on 22 July 2011 12,356
24,711
At the forthcoming Annual General Meeting, a fi rst and fi nal dividend in respect of the fi nancial year ended 31
December 2011 of 15% less 25% taxation on 329,480,840 ordinary shares, amounting to a dividend payable
of RM37,066,595 (11.25 sen net per ordinary share) will be proposed for shareholders’ approval. The fi nancial
statements for the current fi nancial year do not refl ect this proposed dividend. Such dividend, if approved by the
shareholders, will be accounted for in equity as an appropriation of retained earnings in the fi nancial year ending
31 December 2012.
Annual Report 2011 67