Interim Financial Report

PLENITUDE BHD
(Company No : 531086-T)
(Incorporated in Malaysia)

A. NOTES TO THE UNAUDITED INTERIM REPORT FOR THE FINANCIAL
PERIOD ENDED 30 SEPTEMBER 2004

Basis of preparation

The interim financial report is unaudited and has been prepared in compliance with MASB 26, Interim Financial Reporting.

The interim financial report should be read in conjunction with the audited financial statements of the Group for the year ended 30 June 2004.

The accounting policies and methods of computation adopted by the Group in this interim financial report are consistent with those adopted in the financial statements for the year ended 30 June 2004.

Qualified audit report

There were no audit qualifications on the annual financial statements for the financial year ended 30 June 2004.

Seasonal or cyclical factors

The business operations of the Group during the financial period under review have not been materially affected by any seasonal or cyclical factors.

Unusual items affecting assets, liabilities, equity, net income or cash flows

There were no unusual items for the financial period ended 30 September 2004.

Changes in estimates

There were no material changes in estimates for the financial period ended 30 September 2004.

Debts and equity securities

There were no issuances, cancellations, repurchases, resale and repayments of debt and equity securities during the financial quarter ended 30 September 2004.

Dividends Paid

An interim dividend of 3 sen, less 28% income tax amounting to RM2,916,000 declared in respect of previous financial year ended 30 June 2004, was paid on 30 April 2004.

The Directors proposed a final dividend of 2 sen, less 28% income tax amounting to RM1,944,000 in respect of previous financial year ended 30 June 2004. The proposed dividend, is subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company on 18 November 2004, has not been included as a liability in the interim financial statements.

Segmental Reporting

The segmental analysis for the period ended 30 September 2004 is as follow :

Analysis by Activity
	Property Development RM'000	Hotel Operation RM'000	Others RM'000	Elimination RM'000	Consolidated RM'000
Revenue
External sales	30,286	1,401	1,047	-	32,734
Inter-segment sales	-	-	180	(180)	-

Total Revenue	30,286	1,401	1,227	(180)	32,734


Results
Profit from operation	10,618	169	57	-	10,844
Financial costs					(44)
Income from other investments					631

Profit before taxation					11,431
Income tax expense					(3,416)

Profit after taxation					8,015



The financial information by geographical location is not presented as the Group’s activities are conducted in Malaysia.

Valuation of property, plant and equipment

Valuation of property, plant and equipment have been brought forward, without amendment from the previous annual financial statements.

10.

Material Events subsequent to the End of Period

There were no material events subsequent to the end of the financial period up to the date of this report other than as disclosed in Section B.8.

11.

Changes in the Composition of the Group

There were no changes to the composition of the Group during the financial period ended 30 September 2004, other than as disclosed in Section B.8.a.

12.

Contingent Liabilities

There were no contingent liabilities in respect of the Group since the last annual balance sheet date.

A.

NOTES TO THE UNAUDITED INTERIM REPORT FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2004

NOTES TO THE UNAUDITED INTERIM REPORT FOR THE FINANCIAL
PERIOD ENDED 30 SEPTEMBER 2004