Microlink Berhad : • Microlink AR21 Vol2 – Financial Statements

FINANCIAL STATEMENTS

ANNUAL REPORT 2021

VOLUME 2

  FINANCIAL STATEMENTS

WHAT'S INSIDE

1

Directors' Report

8

Statutory Declaration

15

Statements of

Financial Position

19

Consolidated Statement of Changes in Equity

21

Statements of Cash Flows

8

Statement by Directors

9

Independent Auditors' Report

17

Statements of Profit or Loss and Other Comprehensive Income

20

Statement of

Changes in Equity

26

Notes to the

Financial Statements

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MICROLINK SOLUTIONS BERHAD 200301018362 (620782-P)

DIRECTORS' REPORT

The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the financial year ended 31 March 2021.

PRINCIPAL ACTIVITIES

The Company is principally engaged in investment holding and provision of research and development on information technology solutions to the financial services industry. The principal activities and the details of the subsidiaries are disclosed in Note 8 to the financial statements. There have been no significant changes in the nature of these activities during the financial year.

RESULTS

			Group		Company
			RM		RM
Profit/(Loss) for the financial year	31,791,115	(789,637)
Attributable to:
	Owners of the parent	31,762,294	(789,637)
	Non-controlling interests	28,821		-
		31,791,115	(789,637)

DIVIDENDS

Dividends paid, declared or proposed since the end of the previous financial year were as follows:

1. First interim cash dividend of 1.00 sen per ordinary share, amounting to RM1,841,049 in respect of the current financial year, paid on 26 August 2020; and
2. Second interim cash dividend of 1.00 sen per ordinary share, amounting to RM1,854,308 in respect of the current financial year, paid on 12 January 2021.

The Directors do not recommend any payment of final dividend in respect of the current financial year.

RESERVES AND PROVISIONS

There were no material transfers to or from reserves or provisions during the financial year.

ANNUAL REPORT 2021

1