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72
Directors’ Report
The Directors have pleasure in presenting their report and the audited financial statements for the Group and
the Company for the financial year ended 31 December 2004.
PRINCIPAL ACTIVITIES
Boustead Holdings Berhad was incorporated in Malaysia in 1960 as an investment holding company. During the
year, the Company was involved in oil palm plantation through the acquisition of oil palm estate and mill from a
Subsidiary, Boustead Plantations Berhad. The Group currently comprises more than eighty Subsidiary and
Associated Companies, the principal activities of which are given on pages 139 to 142.
There have been no significant changes in the nature of these activities during the financial year, except as
disclosed above.
RESULTS
Group Company
RM’000 RM’000
Profit after taxation 175,960 193,604
Minority interests (56,800) —
Profit attributable to shareholders 119,160 193,604
There were no material transfers to or from reserves or provisions during the financial year other than as
disclosed in the statements of changes in equity.
In the opinion of the Directors, the results of the operations of the Group and of the Company during the financial
year were not substantially affected by any item, transaction or event of a material and unusual nature, other than
the effects arising from the impairment loss and amortisation of reserve on consolidation referred to in Note 5 to
the financial statements.
DIVIDENDS
Since the end of the previous financial year, the Company paid the following dividends:
(a) A final dividend of 17.5% per share less tax paid on 11 June 2004, amounting to RM36,176,000 in
respect of the previous financial year as proposed in the Directors’ Report of that year;
(b) a first interim dividend of 10.0% per share less tax paid on 8 November 2004, amounting to
RM20,799,000 in respect of the financial year under review; and
(c) a second interim dividend of 10.0% per share less tax paid on 12 January 2005, amounting to
RM20,856,000 in respect of the financial year under review.