MISC Annual Report 2017

MISC Annual Report 2017

MISC BERHAD | Annual Report 2017 158 DIRECTORS ’ REPORT 7KH GLUHFWRUV KDYH SOHDVXUH LQ SUHVHQWLQJ WKHLU UHSRUW WRJHWKHU ZLWK WKH DXGLWHG ƓQDQFLDO VWDWHPHQWV RI WKH *URXS DQG RI WKH &RUSRUDWLRQ IRU WKH ƓQDQFLDO \HDU HQGHG 'HFHPEHU PRINCIPAL ACTIVITIES The principal activities of the Corporation consist of shipowning, ship operating and other activities related to shipping services and RSHUDWLQJ RIIVKRUH ŴRDWLQJ WHUPLQDOV 7KH SULQFLSDO DFWLYLWLHV RI WKH VXEVLGLDULHV DVVRFLDWHV DQG MRLQW DUUDQJHPHQWV DUH GHVFULEHG LQ 1RWHV DQG WR WKH ƓQDQFLDO VWDWHPHQWV UHVSHFWLYHO\ 7KHUH KDYH EHHQ QR VLJQLƓFDQW FKDQJHV LQ WKH QDWXUH RI WKH SULQFLSDO DFWLYLWLHV GXULQJ WKH ƓQDQFLDO \HDU HOLDING COMPANY The immediate and ultimate holding company of the Corporation is Petroliam Nasional Berhad ("PETRONAS"), a company incorporated DQG GRPLFLOHG LQ 0DOD\VLD SUBSIDIARIES 7KH GHWDLOV RI WKH &RUSRUDWLRQ V VXEVLGLDULHV DUH GLVFORVHG LQ 1RWH WR WKH ƓQDQFLDO VWDWHPHQWV RESULTS Group Corporation RM'000 RM'000 3URƓW IRU WKH \HDU Attributable to: Equity holders of the Corporation Non-controlling interests - 7KHUH ZHUH QR PDWHULDO WUDQVIHUV WR RU IURP UHVHUYHV RU SURYLVLRQV GXULQJ WKH ƓQDQFLDO \HDU RWKHU WKDQ DV GLVFORVHG LQ WKH ƓQDQFLDO VWDWHPHQWV ,Q WKH RSLQLRQ RI WKH GLUHFWRUV WKH UHVXOWV RI WKH RSHUDWLRQV RI WKH *URXS DQG RI WKH &RUSRUDWLRQ GXULQJ WKH ƓQDQFLDO \HDU ZHUH QRW VXEVWDQWLDOO\ DIIHFWHG E\ DQ\ LWHP WUDQVDFWLRQ RU HYHQW RI D PDWHULDO DQG XQXVXDO QDWXUH

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