Sasbadi Annual Report 2019

PAGE 50 SASBADI HOLDINGS BERHAD FINANCIAL STATEMENTS (continued) Directors’ report for the year ended 31 August 2019 The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the financial year ended 31 August 2019. Principal activities The Company is principally engaged in investment holding activities whilst the principal activities of its subsidiaries are as stated in Note 6 to the financial statements. There has been no significant change in the nature of these activities during the financial year. Subsidiaries The details of the Company’s subsidiaries are disclosed in Note 6 to the financial statements. Results Group Company RM’000 RM’000 Net profit for the year attributable to: Owners of the Company 3,264 174 Reserves and provisions There were no material transfers to or from reserves and provisions during the financial year under review except as disclosed in the financial statements. Dividends There were no dividends paid since the end of the previous financial year. The Directors do not recommend any final dividend to be paid in respect of the financial year under review. Directors of the Company Directors who served during the financial year until the date of this report are: Dato’ Salleh Bin Mohd Husein Law King Hui Lee Swee Hang Dato’ Noor Rezan Binti Bapoo Hashim Lim Hun Soon @ David Lim Law Yi Chian The names of the Directors of subsidiaries are set out in the respective subsidiaries’ statutory financial statements and the said information is deemed incorporated herein by such reference and made a part hereof.