GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 72 Non-distributable Company Share capital Treasury shares Share premium Share options reserves Accumulated losses Total equity Note RM RM RM RM RM RM Balance as at 1 January 2016 129,969,438 (638,221) 71,077,153 491,824 (131,569,852) 69,330,342 Profit for the financial year - - - - 3,827,707 3,827,707 Other comprehensive income, net of tax - - - - - - Total comprehensive income - - - - 3,827,707 3,827,707 Transactions with owners: Share options granted under ESS 21 - - - 400,408 - 400,408 ESS forfeited - - - (9,381) 9,381 - Ordinary shares issued pursuant to ESS 21 975,560 - 1,747,576 (720,615) - 2,002,521 Total transactions with owners 975,560 - 1,747,576 (329,588) 9,381 2,402,929 Balance as at 31 December 2016 130,944,998 (638,221) 72,824,729 162,236 (127,732,764) 75,560,978 Balance as at 1 January 2017 130,944,998 (638,221) 72,824,729 162,236 (127,732,764) 75,560,978 Loss for the financial year - - - - (179,560) (179,560) Other comprehensive income, net of tax - - - - - - Total comprehensive loss - - - - (179,560) (179,560) Transactions with owners: Dividends paid 10 - - - - (3,266,537) (3,266,537) Share options granted under ESS 21 - - - 18,962 - 18,962 Resale of treasury shares in open market 934,522 332,374 - - - 1,266,896 Ordinary shares issued pursuant to ESS 21 3,405,278 - - (181,198) - 3,224,080 Total transactions with owners 4,339,800 332,374 - (162,236) (3,266,537) 1,243,401 Transfer pursuant to Companies Act, 2016* 72,824,729 - (72,824,729) - - - Balance as at 31 December 2017 208,109,527 (305,847) - - (131,178,861) 76,624,819 * Pursuant to the Companies Act, 2016, the credit balance in the share premium account has been transferred to the share capital account. STATEMENTS OF CHANGES IN EQUITY for the financial year ended 31 December 2017 CONT’D The accompanying notes form an integral part of the financial statements.