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Fima Corporation Berhad
(21185-P)
financial statements
76
DIRECTORS’ REPORT
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 2017.
PRINCIPAL ACTIVITIES
The principal activities of the Company are those of property management and investment holding.
The principal activities of the subsidiaries and associate are production of security and confidential documents, oil palm production
and processing and production and sale of bank notes. Information on the subsidiaries and associate are described in Notes 16 and
17 to the financial statements, respectively.
RESULTS
Group Company
RM’000
RM’000
Profit net of tax
35,007
21,538
Profit for the year attributable to:
- Equity holders of the Company
37,715
21,538
- Non-controlling interests
(2,708)
-
35,007
21,538
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 amounts of dividends paid by the Company since 31 March 2016 were as follows:
RM’000
In respect of the financial year ended 31 March 2016 as reported in the directors’ report for that year:
Single-tier final dividend of 15%, paid on 19 September 2016
18,086
In respect of the financial year ended 31 March 2017:
Single-tier interim dividend of 10%, paid on 30 December 2016
12,058
30,144
The directors recommend the payment of a single-tier final dividend and special dividend of 7.5 sen and 5.0 sen per share respectively
on 241,151,830 ordinary shares, amounting to a total of RM30,144,000, which subject to the shareholders’ approval at the forthcoming
Annual General Meeting will be paid on a date to be determined. The financial statements for the current financial year do not reflect this
proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in shareholders’ equity as an appropriation
of retained earnings in the next financial year ending 31 March 2018.