FINANCIAL STATEMENTS (continued) 59 DIRECTORS’ REPORT 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 2022. PRINCIPAL ACTIVITIES The Company is principally engaged in investment holding activities whilst the principal activities and details of its subsidiaries are as stated in Note 8 to the financial statements. There has been no significant change in the nature of these activities during the financial year. RESULTS Group Company RM’000 RM’000 Profit for the financial year attributable to owners of the Company 841 5,139 DIVIDENDS No dividend has been proposed, declared or paid by the Company since the end of the previous financial year. The Directors do not recommend the payment of any final dividend in respect of the current financial year. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than those presented in the statements of changes in equity. ISSUE OF SHARES AND DEBENTURES During the financial year, the issued and fully paid-up ordinary shares of the Company was increased from 424,174,500 to 424,584,500 by way of issuance of 260,000 and 150,000 new ordinary shares pursuant to options exercised under the Employee’s Share Option Scheme (“ESOS”) at an exercise price of RM0.12 and RM0.10 respectively per ordinary share for cash. The newly issued ordinary shares rank pari passu in all respects with the existing ordinary shares of the Company. There were no other issues of shares during the financial year. The Company did not issue any debentures during the financial year. OPTIONS GRANTED OVER UNISSUED SHARES No options were granted to any person to take up unissued shares of the Company during the financial year apart from the issue of options pursuant to the ESOS as disclosed in Note 17 to the financial statements. 59 ANNUAL REPORT 2022
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