Ibraco Berhad (2015)

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Information Report



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Annual Report
  I BRACO B ERHAD (011286-P) (Incorporated in Mala!ia) Director! Report and A#dited $inancial %tate&ent! '1 Dece&er 201   Company No: 011286-P  Ibraco Berhad (Incorporated in Malaysia) Directors:   Ng Cheng Chuan Chew Chiaw Han Dr. Sharifah Deborah Sophia Ibrahim Datuk (Dr.) Ting Ding Ing Ng Kee Tiong Guido Paul Philip Joseph Ravelli Liu Tow Hua Secretary: May Wong Mei Ling Yeo Puay Huang Registered office:   Ibraco House No. 898, Jalan Wan Alwi Tabuan Jaya, 93350 Kuching Sarawak Auditors:   Ernst & Young Principal bankers:   AmBank (M) Berhad Alliance Bank Berhad Hong Leong Bank Berhad HSBC Bank Malaysia Berhad Industrial and Commercial Bank of China (Malaysia) Berhad Malayan Banking Berhad Public Bank Berhad RHB Bank Berhad United Overseas Bank (Malaysia) Berhad Index Page Directors’ Report 1 - 6 Statement by Directors and Statutory Declaration 7 Independent Auditors’ Report 8 - 10 Statements of Profit or Loss and Other Comprehensive Income 11 Statements of Financial Position 12 - 13 Statements of Changes in Equity 14 -17 Statements of Cash Flows 18 - 20 Notes to the Financial Statements 21 - 110 Supplementary Information 111   - 1 - Company No: 011286-P  Ibraco Berhad (Incorporated in Malaysia) 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 December 2015. Principal activities  The Company is engaged in realty development and investment holding. The principal activities of the subsidiaries are set out in Note 13 to the financial statements. 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 Group Company RM RM Profit net of tax 52,466,306 34,242,388 ======== ======== Profit attributable to: Owners of the Company 45,958,997 34,242,388 Non-controlling interests 6,507,309 - ––––––––– ––––––––– 52,466,306 34,242,388 ======== ======== 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 amount of dividends paid by the Company since 31 December 2014 was as follows: RM In respect of the financial year ended 31 December 2015: Interim single-tier dividend of 7% on 496,405,652 ordinary shares, declared on 20 November 2015 and paid on 14 December 2015 17,374,198 ========   - 2 - Company No: 011286-P  Ibraco Berhad (Incorporated in Malaysia) Directors’ Report   Directors  The names of the directors of the Company in office since the date of the last report and at the date of this report are: Ng Cheng Chuan Chew Chiaw Han Dr. Sharifah Deborah Sophia Ibrahim Datuk (Dr.) Ting Ding Ing Ng Kee Tiong Guido Paul Philip Joseph Ravelli Liu Tow Hua Chew Pok Oi (Alternate director to Dr. Sharifah Deborah Sophia Ibrahim, resigned on 22 May 2015) Directors’ benefits Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Company was a party, whereby the directors might acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate, other than those arising from the share options granted under the Employees’ Share Option Plan. Since the end of the previous financial year, no director has received or become entitled to receive a benefit (other than benefits included in the aggregate amount of emoluments received or due and receivable by the directors or the fixed salary of a full time employees’ of the Company as shown in Note 9 the financial statements) by reason of a contract made by the Company or a related corporation with any director or with a firm of which the director is a member, or with a company in which the director has a substantial financial interest, except as disclosed in Note 30 to the financial statements.
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