Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad STATEMENTS OF CHANGES IN EQUITY For the financial year ended 31 December 2019 74 Distributable Foreign Other currency Non- Note Equity, Share Treasury Retained reserves Warrant translation controlling total capital shares earnings total reserve reserve interests (Note 28) (Note 28) (Note 29) (Note 30) (Note 30) Group RM RM RM RM RM RM RM RM Opening balance at 1 January 2019 664,796,263 237,451,519 (23,774) 393,167,396 34,122,385 34,193,668 (71,283) 78,737 Effect of initial adoption of MFRS 16: leases (184,643) - - (184,643) - - - - Opening balance at 1 January 2019 (Adjusted) 664,611,620 237,451,519 (23,774) 392,982,753 34,122,385 34,193,668 (71,283) 78,737 Profit net of tax 58,369,053 - - 58,391,361 - - - (22,308) Foreign currency translation 244 - - - 244 - 244 - Total comprehensive income for the year 58,369,297 - - 58,391,361 244 - 244 (22,308) Transactions with owners Issuance of ordinary shares pursuant to: Dividend reinvestment plan of the Company 28 9,912,299 9,912,299 - - - - - - Share issuance expenses (85,114) (85,114) - - - - - - Dividends on ordinary shares 37 (12,279,225) - - (12,279,225) - - - - Total transactions with owners (2,452,040) 9,827,185 - (12,279,225) - - - - Closing balance at 31 December 2019 720,528,877 247,278,704 (23,774) 439,094,889 34,122,629 34,193,668 (71,039) 56,429 Attributable to owners of the Company Non-distributable Non-distributable The accompanying accounting policies and explanatory notes form an integral part of the financial statements.