ANNUALREPORT 2013
97
Notes to theFinancial Statements
(Cont’d)
15) RESERVES
GROUP
COMPANY
2013
2012
2013
2012
RM
RM
RM
RM
NonDistributableReserves:
Share premium
–
–
–
–
Warrant reserve
3,519,617
– 3,519,617
–
DistributableReserve:
Retained earnings
34,855,033 29,593,069 5,412,361 5,988,446
38,374,650 29,593,069 8,931,978 5,988,446
GROUPAND
COMPANY
2013
2012
RM
RM
Sharepremium
Balance as at beginning of financial year
– 11,410,777
Issuance of 11,400,000 new ordinary shares of RM0.10each
at apremiumof RM0.27per share
– 3,078,000
Issuance of 11,400,000 new ordinary shares of RM0.10each
at a premium of RM0.285 per share
– 3,249,000
Share issue expenses
–
(87,051)
Refund fromBursaMalaysiaSecuritiesBerhad
–
10,000
Issuance of bonus shares
– (17,660,726)
Balance as at end of financial year
–
–
Warrant reserve
On 26th September 2013, the Company increased its issued and paid-up share capital from
RM50,160,000 toRM94,665,214bywayof a rights issueof 445,052,137newordinary sharesof
RM0.10eachat an issuepriceofRM0.11per ordinaryshareon thebasisof one (1) newordinary
shareofRM0.10each foreveryone (1)existingordinaryshareofRM0.10each togetherwithone
(1) warrant for every four (4) rights shares subscribed.
The valueof warrant is basedon thequotedpriceof thewarrants on the first day of listingof the
saidwarrants.
