WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
44
REPORT OF THE DIRECTORS
2.
BUSINESS REVIEW
– continued
The Group’s success depends on, amongst other matters, the support from key stakeholders
which comprise employees, shareholders, customers and suppliers. Employees are regarded as
the most important and valuable assets of the Group. The objective of the Group’s human resource
management is to reward and recognise performing staff by providing a competitive remuneration
package and implementing a sound performance appraisal system with appropriate incentives,
and to promote career development and progression by appropriate training and providing
opportunities within the Group for career advancement. One of the corporate goals of the Group is
to enhance corporate value to shareholders. The Group is poised to foster business developments
for improving the Group’s financial performance and rewarding shareholders by stable dividend
pay-outs in the foreseeable future when sustainable earnings growth can be achieved, taking
into account the capital adequacy levels, liquidity positions and business expansion needs of the
Group. The Group aims to maintain not also good and sustainable relationship with its customers
and suppliers in order to achieve stable growth in sales, but also a stable supplier chain. The Group
has an experienced and stable management team and its senior managers have an average of over
10 years of management experience.
The Group had no important events after the year end date of March 31, 2016.
3.
RESULTS AND DIVIDEND
The results of the Group for the Year are set out in the consolidated statement of profit or loss and
other comprehensive income on page 62 of this annual report.
The board of Directors (the “Board”) do not recommend the payment of a final dividend for the Year
(2015: HK$0.06347 per ordinary share of HK$0.20 each).
4.
FIVE-YEAR FINANCIAL SUMMARY
A summary of the results as well as the assets and liabilities of the Group for the past five financial
years is set out on pages 6 to 7 of this annual report.
5.
PROPERTY, PLANT AND EQUIPMENT
Details of movements in the property, plant and equipment of the Group during the Year are set out
in note 15 to the consolidated financial statements.
6.
RESERVES
Details of movements in the reserves of the Group during the Year are set out in note 28 to the
consolidated financial statements and in the consolidated statement of changes in equity.
