Note 5 : Property, Plant and Equipment (‘PPE’) Note 6 : Right-of-Use (‘ROU’) Assets Note 7 : Subsidiaries Note 8 : Joint Arrangements Note 9 : Associates Note 10 : Intangible Assets Note 11 : Investment in Unquoted Debt Securities Note 12 : Deferred Taxation Note13 : Long Term Receivables Note 14 : Amounts Due From/(T o) Subsidiaries Note 15 : Leases Note 16 : Financial Assets at FVOCI Note 17 : Contract Balances Note 18 : Financial Assets at FVTPL Note 19 : Derivative Financial Instruments Note 20 : Inventories Note 21 : Receivables, Deposits and Prepayments Note 22 : Deposits, Bank and Cash Balances Note 23 : Payables Note 24 : Employee Benefits Note 25 : Consumer Deposits Note 26 : Borrowings Note 27 : Government DevelopmentGrants Statement by Directors 363 Statutory Declaration 363 Independent Auditors’ Report 364 195 FINANCIAL STATEMENTS Sec 5 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 196 DIRECTORS’ REPORT The Directors hereby submit their report and the audited financial statements of the Group and of the Company for the financial year ended 31 December 2023. PRINCIPAL ACTIVITIES The Group and the Company are primarily involved in the business of the generation, transmission, distribution and sales of electricity and those tabulated in Note 49 to the financial statements, which has the details of the subsidiaries of the Group. There have been no significant changes in these activities during the financial year. FINANCIAL RESULTS Group Company RM’million RM’million Profit for the financial year attributable to: - Owners of the Company 2,770.3 2,955.0 - Non-controlling interests (166.7) 0 Profit for the financial year 2,603.6 2,955.0 DIVIDENDS The dividends paid or declared by the Company since the previous financial year ended 31 December 2022 were as follows: RM’million In respect of the financial year ended 31 December 2022: Final single tier dividend of 26.0 sen per ordinary share, paid on 14 April 2023 1,495.8 In respect of the financial year ended 31 December 2023: Interim single tier