Interim report
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KOSSAN RUBBER INDUSTRIES BHD Company No. 48166 - W ( Incorporated in Malaysia ) INTERIM FINANCIAL REPORT FOR THE FINANCIAL QUARTER ENDED 31 MARCH 2021 Explanatory Notes Basis of Preparation The unaudited interim financial statements have been prepared in accordance with the Malaysian Financial Reporting Standards and paragraph 9.22 of the Main Market Listing Requirements ( MMLR ) of Bursa Malaysia Securities Berhad . The accounting policies and method of computation adopted for the interim financial reports were consistent with new standards effective from 1/1/2021 inclusive of those adopted for the audited financial statements for the year ended 31 December 2020 . Annual Audit Report The audit report of the audited financial statements for the year ended 31 December 2020 was not subject to any qualification . 1 . 2 . 3 . 4 . 5 . 6 . KOSSAN 7 . Seasonal or Cyclical Operations The operations of the Group were not affected by any seasonal or cyclical factors . Extraordinary and Exceptional Items During the current quarter and financial period ended 31 March 2021 , the Group made a contribution of RM 50 million to the Government of Malaysia for the COVID - 19 fund which will be used to fund the purchase of vaccines and health equipment expenses . There were no other extraordinary and exceptional items of an unusual nature affecting assets , liabilities , equity , net income , or cash flows for the current quarter and unaudited financial period ended 31 March 2021 . Changes in Material Estimates There were no significant changes in estimates used in the current quarter and financial period ended 31 March 2021 . Movement of Company's Securities There were no issuance and repayment of debt and equity securities , share cancellations and resale of treasury shares in the current quarter and financial period ended 31 March 2021 . Dividend On 16 February 2021 the directors approved a second interim dividend and special dividend of 3.0 sen per ordinary share totalling RM76,593,588 and 8.0 sen per ordinary share totalling RM204,249,569 respectively for the financial year ended 31 December 2020. These dividends were paid on 17 March 2021 . There were no other dividends declared or paid in the current quarter and financial period ended 31 March 2021 . 1