Annual Report 2019

Directors’ report The directors hereby present their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2019. Principal activities The principal activity of the Company is that of an investment holding company. The principal activities of the subsidiaries are described in Note 12 to the financial statements. There were no significant changes in the nature of these activities during the financial year. Results Group Company RM’000 RM’000 (Loss)/profit net of tax (283,223) 2,937,876 (Loss)/profit net of tax attributable to: Owners of the Company (315,807) 2,937,876 Non-controlling interests 32,584 – (283,223) 2,937,876 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. Dividends The dividends on ordinary shares paid by the Company since 31 December 2018 were as follows: RM’000 In respect of the financial year ended 31 December 2018, Second interim tax exempt single-tier dividend of 12 sen per ordinary share each on 3,341,974,082 ordinary shares, paid on 10 April 2019 401,037 In respect of the financial year ended 31 December 2019, Special tax exempt single-tier dividend of 90 sen per ordinary share each on 3,341,974,082 ordinary shares, paid on 29 August 2019 3,007,776 3,408,813 The directors do not recommend the payment of any final dividend in respect of the current financial year. DIRECTORS’ REPORT 206 MORE THAN JUST AN AIRLINE >