Kenanga Investment Bank Berhad Annual Report 2021 134 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD Directors’ Report The Directors have pleasure in presenting their report together with the audited financial statements of Kenanga Investment Bank Berhad (“the Bank” or “KIBB”) and its subsidiaries (“the Group” or “Kenanga Group”) for the financial year ended 31 December 2021. PRINCIPAL ACTIVITIES The Bank is principally engaged in the investment banking business, provision of stockbroking and related financial services. The principal activities of the subsidiaries are described in Note 13 to the financial statements. There were no significant changes in the nature of the principal activities during the financial year. RESULTS Group RM'000 Bank RM'000 Profit after taxation and zakat 105,222 94,816 Share of results in associates and a joint venture 13,593 - Profit for the financial year 118,815 94,816 Attributable to: Equity holders of the Bank 118,390 94,816 Non-controlling interests 425 - 118,815 94,816 There were no material transfers to or from reserves or provisions during the financial year other than those that have been disclosed in the statements of profit or loss and other comprehensive income and the statements of changes in equity. In the opinion of the Directors, the results of the operations of the Group and of the Bank during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature. DIVIDENDS During the financial year, an interim single tier dividend of 8.80 sen per ordinary shares on 729,698,099 ordinary shares in respect of the financial year ended 31 December 2020, which amounted to RM64,213,435 was paid on 20 April 2021. Subsequent to financial year end, on 24 February 2022, the Directors declared a total single tier interim dividend of 10.50 sen per share in respect of the financial year ended 31 December 2021 comprising ordinary interim dividend of 4.00 sen per share and special interim dividend of 6.50 sen per share amounting to a dividend payable of approximately RM77,255,073. This is computed based on issued and paid-up capital as at 31 December 2021 of 735,762,599 ordinary shares. The actual amount of dividend to be paid will depend on the number of shares in issue at the date of entitlement. The financial statements for the current financial year do not reflect this interim dividend. Such dividend will be accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2022.
RkJQdWJsaXNoZXIy NDgzMzc=