FGV Annual Report 2015

173 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 Chief Financial Officer’s Statement Dividends At 31 December 2015, the dividend cover was 0.73 (31 December 2014: 0.89). The FGV Board of Directors declared a final single tier dividend of 2.0 sen bringing the total dividend for the 2015 financial year to 4.0 sen (2014: 10.0 sen). The dividend demonstrates our commitment to return value to Shareholders, despite a challenging environment. Outlook for 2016 Despite predictions of continuing global economic uncertainty and geopolitical tensions, the underlying fundamentals of our business remain attractive over the long term. We remain focused on factors within our control: volume growth, margin improvement and cost containment. Global economic growth is expected to continue at a moderate and uneven pace over the near term. We expect commodity prices to be marginally positive. The ringgit exchange rate is expected to be under pressure mainly as a result of potential US interest rate increases as well as concerns with regards to the Malaysian economy and its rate of growth. We remain on track to deliver on our expectations for improved operational performance and resilient margins. We aim to progress cost optimisation initiatives and to contain costs. Our balance sheet remains strong and is again testament to our commitment to deliver value. We will continue to manage each of our value drivers diligently and create value for our Shareholders on a sustainable basis. Ahmad Tifli Dato’ Haji Mohd Talha Group Chief Financial Officer