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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
17. SHARE CAPITAL (continued)
(d) Of the total 649,847,192 (2014: 641,589,492) issued and fully paid ordinary shares of RM0.20 each as
at 31 December 2015, 1,415,901 (2014: 1,415,901) ordinary shares amounting to RM638,221 (2014:
RM638,221) are held as treasury shares by the Company. The number of outstanding ordinary shares
of RM0.20 each in issue after deducting the treasury shares is 648,431,291 (2014: 640,173,591) ordinary
shares as at 31 December 2015.
(e) 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
2015
2014
2015
2014
RM
RM
RM
RM
Non-distributable
Share premium
71,077,153 70,155,741 71,077,153 70,155,741
Exchange translation reserve
1,046,709
(373,663)
-
-
Share options reserve
491,824
544,131
491,824
544,131
72,615,686 70,326,209 71,568,977 70,699,872
(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.
(c) Share options reserve
The share options reserve represents the equity-settled share options granted to employees. This reserve
is made up of the cumulative value of services received from employees recorded on the grant date
of share options.