14) RESERVES
GROUP
COMPANY
2014
2013
2014
2013
RM
RM
RM
RM
Non Distributable Reserves:
Warrant reserve
3,519,617 3,519,617 3,519,617 3,519,617
Share premium
826,800
–
826,800
–
4,346,417 3,519,617 4,346,417 3,519,617
Distributable Reserve:
Retained earnings
14,447,978 34,855,033 4,030,069 5,412,361
18,794,395 38,374,650 8,376,486 8,931,978
Warrant reserve
Warrants reserve represents the proceeds from the issuance of warrants which is non-
distributable. The warrants reserve is transferred to the share premium account upon the exercise
of warrants and the warrants reserve in relation to the unexercised warrants at the expiry of the
warrants will be transferred to retained earnings.
Share premiums
Share premium arose from the exercise of options under Share Issuance Scheme (“SIS”) during
the financial year.
Retained earnings
The Company is able to distribute dividends out of its entire retained earnings under the single-
tier system.
15) DEFERRED TAX LIABILITY
GROUP
2014
2013
RM
RM
As at beginning of financial year
6,235,350 4,170,251
Recognised in profit and loss (Note 22)
(6,235,350) 2,065,099
As at end of financial year
– 6,235,350
The deferred tax liability in 2013 is in respect of temporary difference between tax capital
allowances and book depreciation of property, plant and equipment.
Asia Media Group Berhad Annual Report 2014
109
NOTES TO THE FINANCIAL STATEMENTS
(Cont’d)
