Yinson Annual Report 2018

Directors’ Report The Directors have pleasure in submitting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 January 2018. PRINCIPAL ACTIVITIES The principal activities of the Company are investment holding and provision of management services. The principal activities of the Group are disclosed in Note 19 to the financial statements. There have been no significant changes in the nature of these activities during the financial year. FINANCIAL RESULTS Group Company RM’000 RM’000 Profit for the financial year 292,073 87,385 Attributable to: Owners of the Company 292,179 87,385 Non-controlling interests (106) – 292,073 87,385 DIVIDENDS Dividends paid and proposed since the end of the previous financial year are as follows: RM’000 In respect of the financial year ended 31 January 2018: Interim single tier dividend of 4.0 sen per share, paid on 22 December 2017 43,527 In respect of the financial year ended 31 January 2017: Final single tier dividend of 2.0 sen per share, paid on 18 August 2017 21,764 65,291 On 29 March 2018, the Directors declared a special dividend of 4.0 sen per share for the financial year ended 31 January 2018, amounting to approximately RM43.5 million, which is payable on 8 June 2018. The entitlement date for the dividend payment is 23 May 2018. This dividend will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 January 2019. The Directors recommend a final single tier dividend of 2.0 sen per share in respect of the current financial year for shareholders’ approval at the forthcoming Annual General Meeting. The current financial statements do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 January 2019. RESERVES AND PROVISIONS All material transfers to or from reserves and provisions during the financial year are disclosed in the financial statements. 88 Yinson Holdings Berhad Annual Report 2018 Accountability