Tropicana Corporation Berhad Annual Report 2023

$," SHARE#CAPITAL#AND#TREASURY#SHARES#(CONT’D") (b) Treasury!shares In!the!previous!financial!year&!the!Company!repurchased! "&"//&+##!of!its!issued!ordinary!shares!from!the!open!market!at!an! average!price!of!RM$'#+%+!per!share'!The!shares!repurchased!are!being!held!as!treasury!shares!in!accordance!with!Section!$"0!of! the!Companies!Act!"#$%' As! at!+$! December!"#"+! and!+$! December!"#""&! the! number! of! treasury! shares! held! are! +$&%##&#1+! ordinary! shares'! Such! treasury!shares!are!held!at!carrying!amount!of!RM",&11#&###!("#"")!RM",&11#&###)' $-" OTHER#RESERVES (a) Foreign!currency!translation!reserve The!foreign!currency!translation!reserve!represents!exchange!di(erences!arising!from!the!translation!of!the!financial!statements!of! foreign!operations!whose!functional!currencies!are!di(erent!from!that!of!presentation!currency!of!the!Group'! (b) Retained!earnings The!entire!retained!earnings!of!the!Company!are!available!for!distribution!as!single-tier!dividends' '%" IRREDEEMABLE#CONVERTIBLE#PREFERENCE#SHARES#AND#PERPETUAL#BOND Irredeemable!Convertible!Preference!Shares The!value!of!ICPS!has!been!split!into!the!liability!component!and!equity!component'!The!ICPS!are!accounted!for!in!the!statements!of! financial!position!of!the!Group!and!of!the!Company!as!follows) Number!of Equity Liability! ICPS component component Total! ’""" RM’""" RM’""" RM’""" Group!and!Company At!#!January!+"+$ !)''%,'#! !)&&%+'.! !('%+&"! !')#%'#.! Conversion!to!ordinary!shares!(Note!",) !(#&#%)"") !(#&'%").) !(+.%&$+) !(#,$%&.") Accretion!of!interest!on!ICPS!(Note!,) – – !&%))(! !&%))(! Dividend!payable –! –! !((%&$') !((%&$') At!$#!December!+"+$ !+,)%''#! !$"#%+#"! !)'%))"! !$)&%&'"! At!#!January!+"++ !-,"&+,%! !$&##1&/-+! !$01&##0! !$&$0,&%##! Conversion!to!ordinary!shares!(Note!",) !(/"%&1+/) !(/+,&++/) !(-+&+,0) !(%+$&0"") Accretion!of!interest!on!ICPS!(Note!,) – – !$"&%,-! !$"&%,-! Dividend!payable –! –! !($,&#1-) !($,&#1-) At!$#!December!+"++ !1//&-/$! !1%%&"/,! !0/&"%#! !/1$&/$,! NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 262 ANNUAL REPORT 2023

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