Padini Holdings Berhad-Financial Statements

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Company No. 50202-A

PADINI HOLDINGS BERHAD
Incorporated in Malaysia

FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2008

Contents

Pages

Corporate information Directors’ report Statement by Directors Statutory declaration Auditors’ report Consolidated balance sheet Consolidated income statement Consolidated statement of changes in equity Consolidated cash flow statement Balance sheet Income statement Statement of changes in equity Cash flow statement Notes to the financial statements

1 2-9 10 11 12 - 13 14 - 15 16 17 - 18 19 - 20 21 22 23 24 - 25 26 - 89

Company No. 50202-A

PADINI HOLDINGS BERHAD
Incorporated in Malaysia

CORPORATE INFORMATION CHAIRMAN MANAGING DIRECTOR DIRECTORS Datuk Dr. Abdullah bin Abdul Rahman Yong Pang Chaun Dato’ Zulkifli bin Abdul Rahman Yong Lai Wah Chong Chin Lin Chan Kwai Heng Sahid bin Mohamed Yasin Cheong Chung Yet Ho Mun Yee (MAICSA 0877877) Liew Khoon Wan (MACS 00103) Peter Chong & Co. (formerly known as BKR Peter Chong) Chartered Accountants Standard Chartered Bank Malaysia Berhad The Bank of Nova Scotia Berhad 3rd Floor, No.17 Jalan Ipoh Kecil 50350 Kuala Lumpur Tel : 03 - 40443235 Fax : 03 - 40413959 No. 19, Lot 115, Jalan U1/20 Hicom Glenmarie Industrial Park 40150 Shah Alam Selangor Darul Ehsan Tel : 03 - 51233633 Fax : 03 - 78051066 PFA Registration Services Sdn. Bhd. Level 17, The Gardens North Tower Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur Tel : 03 - 22643883 Fax : 03 - 22821886 Main Board of Bursa Malaysia Securities Berhad

COMPANY SECRETARIES

AUDITORS

PRINCIPAL BANKERS

REGISTERED OFFICE

PRINCIPAL PLACE OF BUSINESS

SHARE REGISTRAR

STOCK EXCHANGE LISTING

1

Company No. 50202-A

PADINI HOLDINGS BERHAD
Incorporated in Malaysia

DIRECTORS’ REPORT The Directors have pleasure in presenting their report together with the audited financial statements of the Group and the Company for the financial year ended 30 June 2008. PRINCIPAL ACTIVITIES The Company is principally involved in investment holding. The principal activities of the subsidiary companies are as disclosed in Note 7 to the financial statements. There have been no significant changes in the nature of these principal activities during the financial year. FINANCIAL RESULTS Group RM’000 Profit for the financial year attributable to: Equity holders of the Company Minority interests 41,715 35 41,750 DIVIDENDS The dividends declared, paid and payable by the Company since 30 June 2007 are as follows:RM’000 In respect of the financial year ended 30 June 2007 First interim dividend of 5 sen on 65,164,000 ordinary shares less 27% tax, paid on 8 February 2007 Second interim dividend of 5 sen on 65,504,700 ordinary shares less 27% tax, paid on 9 May 2007 Special interim dividend of 10 sen on 65,569,600 ordinary shares less 27% tax, paid on 29 June 2007 Final dividend of 5 sen on 131,581,900 ordinary shares less 26% tax, paid on 13 March 2008 2,378 2,391 4,787 4,869 35,418 35,418 Company RM’000

2

Company No. 50202-A

PADINI HOLDINGS BERHAD
Incorporated in Malaysia

DIRECTORS’ REPORT (cont’d) DIVIDENDS (continued) RM’000 In respect of the financial year ended 30 June 2008 First interim dividend of 10 sen on 131,581,900 ordinary shares less 26% tax, paid on 8 August 2008 9,737

The Directors recommend a final dividend in respect of the current financial year of 8 sen per share, less income tax at 25%, subject to the approval of members at the forthcoming Annual General Meeting. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the financial statements. ISSUE OF SHARES AND DEBENTURES During the financial year, the Company increased its issued and paid-up share capital from RM65,590,400 to RM65,790,950 by the issuance and allotment of 401,100 new ordinary shares of RM0.50 each for cash under the Company’s Employees’ Share Option Scheme (“ESOS”) at the...
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