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Asia Media Group Berhad
►
Annual Report 2015
Notes to the Financial Statements
(continued)
pg.
106
12. Share capital (cont’d)
The movements of the warrants during the financial year are as follows:
Entitlement for ordinary shares of RM0.10 each
At
Share
At
1.1.2015
Issued Exercised consolidated 31.12.2015
Number of unexercised
Warrants
412,021,415
–
– (329,617,132) 82,404,283
13. Reserves
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Non- distributable
Share premium
826,800
826,800
826,800
826,800
Warrant reserve
3,519,617 3,519,617 3,519,617 3,519,617
4,346,417 4,346,417 4,346,417 4,346,417
Distributable
Retained earnings/
accumulated losses
4,649,804 14,447,978 (2,328,341)
4,030,069
8,996,221 18,794,395 2,018,076 8,376,486
13.1 Share premium
Share premium arose from the exercise of options under Share Issuance Scheme (“SIS”).
13.2 Warrant reserve
Warrant 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.