131 F INANC IAL Statements Sect ion 05 Annual Report 2022 The directors of RANHILL UTILITIES BERHAD have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the financial year ended 31 December 2022. PRINCIPAL ACTIVITIES The principal activity of the Company is investment holding. The principal activities and other information of the subsidiaries, joint ventures and associates are set out in Notes 20, 21 and 22 to the financial statements respectively. There have been no significant changes in the nature of the principal activities of the Group and of the Company during the financial year. RESULTS OF OPERATIONS The results of operations of the Group and of the Company for the financial year are as follows: Group Company RM’000 RM’000 Profit for the year 142,217 54,012 Profit attributable to: Owners of the parent 95,252 54,012 Non-controlling interest 46,965 - 142,217 54,012 In the opinion of the directors, the results of operations of the Group and of the Company during the financial year have not been substantially affected by any item, transaction or event of a material and unusual nature other than other income of RM128,393,000 in relation to government grant recognised by the Group as disclosed in Note 24(d) to the financial statements. DIVIDENDS The amounts of dividends paid and to be paid by the Company since 31 December 2021 were as follows: RM’000 In respect of the financial year ended 31 December 2021 as reported in the directors’ report of that year: Third interim dividend (single-tier) by way of dividend-in-specie via a share dividend distribution of up to 6,420,500 treasury shares on the basis of 0.5 share dividend for every 100 ordinary shares held equivalent to a gross cash dividend of 0.29 sen per ordinary share, declared on 25 February 2022 and distributed on 20 April 2022. 3,751 In respect of the financial year ended 31 December 2022: First interim dividend of 0.5 sen on 1,288,638,058 ordinary shares, amounting to a dividend payable of RM6,443,000 has been declared on 16 December 2022 and paid on 18 January 2023. 6,443 10,194 Directors’ Report
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