Interim Financial Report

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

A. EXPLANATORY NOTES IN COMPLIANCE WITH ERS 134 TO THE
UNAUDITED INTERIM REPORT FOR THE FINANCIAL PERIOD ENDED
31 DECEMBER 2007

Basis of preparation

The interim financial report is unaudited and has been prepared in compliance with FRS 134, "Interim Financial Reporting" and paragraph 9.22 of the Listing Requirements of Bursa Malaysia Securities Bhd ("Bursa Malaysia").

The interim financial report should be read in conjunction with the audited financial statements of the Group for the financial year ended 30 June 2007.

Changes in Accounting Policies

The accounting policies and methods of computation adopted by the Group in this interim financial report are consistent with those adopted in the audited financial statements for the financial year ended 30 June 2007.

Audited Report of Preceding Annual Financial Statements

There were no audit qualifications on the auditors' report on the financial statements for the financial year ended 30 June 2007.

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 31 December 2007.

Changes in estimates

There were no material changes in estimates for the financial period ended 31 December 2007.

Debts and equity securities

There were no issuances, cancellations, repurchases, resale and repayments of debt and equity securities during the financial quarter ended 31 December 2007.

Dividends paid

A first and final dividend of 11.5 sen less 27% income tax, amounting to a net dividend of RM11,333,250 in respect of financial year ended 30 June 2007, was paid on 11 December 2007.

Segmental Reporting

The segmental analysis for the year ended 31 December 2007 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	99,001	4,250	15,323	-	118,574
Inter-segment sales	-	-	2,975	(2,975)	-

Total Revenue	99,001	4,250	18,298	(2,975)	118,574


Results
Profit from operation	38,243	1,101	2,105	(2,975)	38,474
Financial costs					(85)
Income from other investments					1,025

Profit before taxation					39,414
Income tax expense					(11,246)

Profit after taxation					28,168



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

10.

Valuation of property, plant and equipment

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

11.

Material Events subsequent to the End of Period

There were no material events subsequent to the end of the financial period ended 31 December 2007 up to the date of this report that have not been reflected in the interim financial statements.

12.

Changes in the Composition of the Group

On 19 December 2007, the company announced that it has acquired 2 ordinary shares of RM1.00 each representing the entire equity interest in Golden Valley Network Sdn. Bhd. ("GVNSB") for cash at RM1.00 each. GVNSB was incorporated on 11 December 2007 and is presently dormant. The intended business of GVNSB will be in property development and property investment.

13.

Contingent Liabilities

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

A.

EXPLANATORY NOTES IN COMPLIANCE WITH ERS 134 TO THE UNAUDITED INTERIM REPORT FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2007

EXPLANATORY NOTES IN COMPLIANCE WITH ERS 134 TO THE
UNAUDITED INTERIM REPORT FOR THE FINANCIAL PERIOD ENDED
31 DECEMBER 2007