259 INTEGRATED ANNUAL REPORT 2024 Key Messages Financial Statements Other Information NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Overview of Wasco Berhad Value Creation Commitment to Governance Sustainability Journey 22 SHARE CAPITAL Group and Company 2024 2023 Number of shares ’000 Carrying value RM’000 Number of shares ’000 Carrying value RM’000 Issued and fully paid: Ordinary shares with no-par value at 1 January/31 December 774,888 547,690 774,888 547,690 Recognition and measurement Ordinary shares are classified as equity. Other shares are classified as equity and/or liability according to the economic substance of the particular instrument. The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared by the Company. All ordinary shares carry one vote per share and rank equally with regard to the Company’s residual assets. 23 TREASURY SHARES Group and Company 2024 2023 Number of shares ’000 Amount RM’000 Number of shares ‘000 Amount RM’000 At 1 January/31 December 577 624 577 624 Recognition and measurement When share capital recognised as equity is repurchased, the amount of the consideration paid, including directly attributable costs, is recognised as a deduction from equity. Repurchased shares that are not subsequently cancelled are classified as treasury shares and are presented as a deduction from equity attributable to owners of the Company. No gain or loss is recognised in profit or loss on the purchase, sale, issue or cancellation of treasury shares. When treasury shares are reissued by resale, any consideration received, net of any directly attributable incremental transaction costs and the related income tax effects, is included in equity attributable to owners of the Company. An amount equivalent to the original purchase cost of the treasury shares will be deducted from retained earnings upon the distribution of any treasury shares as share dividends.
RkJQdWJsaXNoZXIy NDgzMzc=