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85

KUMPULAN FIMA BERHAD

(11817-V) |

Annual Report

2016

The directors have pleasure in presenting their report together with the audited financial statements of the Group

and of the Company for the financial year ended 31 March 2016.

PRINCIPAL ACTIVITIES

The principal activities of the Company are those of investment and property holding.

The principal activities of the subsidiaries and the associates are described in Notes 40 and 41 respectively to the

financial statements.

There have been no significant changes in the nature of the principal activities during the financial year.

RESULTS

Group Company

RM’000

RM’000

Profit net of tax

80,003

51,891

Profit attributable to:

Owners of the parent

56,731

51,891

Non-controlling interests

23,272

-

80,003

51,891

There were no material transfers to or from reserves or provisions during the financial year other than as disclosed

in the financial statements.

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

as disclosed in the financial statements.

DIVIDENDS

The amount of dividend paid by the Company since 31 March 2015 was as follows:

RM’000

In respect of the financial year ended 31 March 2015 as reported in the

directors’ report for that year:

Final dividend of 8.5% single tier paid on 22 October 2015.

23,528

At the forthcoming Annual General Meeting, a final dividend in respect of financial year ended 31 March 2016,

of 9.0% single tier amounting to dividend payable of approximately RM24,927,000 (9.0 sen net dividend per

ordinary share) will be proposed for shareholders’ approval. The financial statements for the current year 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 March 2017.