Annual report 2014
121
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
17. SHARE CAPITAL (continued)
(c) In the previous financial year, the authorised share capital of the Company was increased by the
creation of additional 2,300,000,000 new ordinary share of RM0.20 each.
(d) In the previous financial year, the issued and fully paid-up ordinary share capital of the Company was
increased by way of:
(i) rights issue of 36,346,550 new ordinary shares of RM0.20 each at RM0.24 per ordinary share for cash
on the basis of one (1) new ordinary shares for every four (4) existing ordinary shares for capital
expenditure and general working capital purposes; and
(ii) issuance of 2,238,200 new ordinary shares of RM0.20 each for cash pursuant to the exercise of
executives’ share options as disclosed in Note 32 to the financial statements.
(e) Repurchased shares were held as treasury shares in accordance with the requirement of Section 67A
of the Companies Act, 1965 in Malaysia and none of the treasury shares were re-sold or cancelled
during the financial year.
(f) Of the total 641,589,492 (2013: 185,386,850) issued and fully paid ordinary shares of RM0.20 each as at 31
December 2014, 1,415,901 (2013: 1,415,901) ordinary shares amounting to RM638,221 (2013: RM638,221)
are held as treasury shares by the Company. The number of outstanding ordinary shares in issue after
deducting the treasury shares is 640,173,591 (2013: 183,970,949) ordinary shares of RM0.20 each.
(g) The owners of the parent are entitled to receive dividends as and when declared by the Company
and are entitled to one (1) vote per ordinary share at meetings of the Company. All ordinary shares
rank pari passu with regard to the residual assets of the Company.
18. RESERVES
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Non-distributable
Share premium
70,155,741 1,989,688 70,155,741 1,989,688
Exchange translation reserve
(373,663) (1,215,009)
-
-
Share options reserve
544,131
646,207
544,131
646,207
70,326,209 1,420,886 70,699,872 2,635,895
(a) Share premium
The share premium is not distributable by way of cash dividends and may be utilised in the manner as
set out in Section 60(3) of the Companies Act, 1965 in Malaysia.
(b) Exchange translation reserve
The exchange translation reserve is used to record foreign currency exchange differences arising
from the translation of the financial statements of foreign operations whose functional currencies are
different from that of the presentation currency of the Group. It is also used to record the exchange
differences arising from monetary items which form part of the net investment of the Group in foreign
operations, where the monetary item is denominated in either the functional currency of the reporting
entity or the foreign operation.
