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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
20.
SHARE CAPITAL
The Group/The Company
2015
2014
2015
2014
Number of shares
RM
RM
Ordinary shares of RM0.10 each :
Authorised
At beginning/end of year
5,000,000,000 5,000,000,000
500,000,000
500,000,000
Issued and fully paid-up
At beginning of year
1,011,408,160 1,011,408,160
101,140,816
101,140,816
Issued during the year
42,026,970
-
4,202,697
-
At end of year
1,053,435,130 1,011,408,160
105,343,513
101,140,816
During the financial year, the Company increased its issued and paid-up share capital from RM101,140,816 to
RM105,343,513 by the issuance of 42,026,970 new ordinary shares of RM0.10 each pursuant to the exercise of
42,026,970 warrants at an exercise price of RM0.18 per warrant.
The resulting share premium of RM2,163,040 arising from the exercise of 42,026,970 warrants was credited to the
share premium account. The new shares issued rank pari passu in all material respects with the existing shares of the
Company.
21.
RESERVES
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Non-distributable:
Share premium
13,581,839
9,336,705
13,581,839
9,336,705
Treasury shares
(598,746)
(564,995)
(598,746)
(564,995)
Foreign currency translation reserve
29,626,180
12,034,681
-
-
Warrant reserve
-
882,976
-
882,976
Statutory reserve
2,466,577
1,290,656
-
-
Distributable:
Retained earnings
86,135,310
82,683,045
3,659,807
3,480,954
131,211,160
105,663,068
16,642,900
13,135,640
Share premium
The Group and
The Company
2015
2014
RM
RM
At beginning of year
9,336,705
9,336,705
Issue of 42,026,970 ordinary shares at a premium of RM0.08
per ordinary share from exercise of 42,026,970 warrants
3,362,158
-
Transfer from warrant reserve upon exercise and expiry of the warrant
882,976
-
At end of year
13,581,839
9,336,705
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)