107 / 142
ASIA MEDIA GROUP Berhad
Annual Report 2016
106
Notes to the Financial Statements
(continued)
11. Trade and other receivables (cont’d)
Receivables that are impaired
The Group have trade receivables amounting to Nil (2015: RM648,173) that are past due and
have been impaired.
12. Share capital
Group/Company
2016
2015
Number of
Number of
shares
RM shares
RM
Ordinary shares of RM0.10 each:
Authorised:
At 1 January 2015/
31 December 2015/
31 December 2016
2,000,000,000 200,000,000 2,000,000,000 200,000,000
Issued and fully paid:
Ordinary shares of RM0.10
At 1 January
239,463,426 23,946,343 1,197,317,137 119,731,714
Capital reduction
–
– (957,853,711) (95,785,371)
At 31 December 2016
239,463,426 23,946,343 239,463,426 23,946,343
Adjustment to 2013/2018 warrants
On 23 December 2015, the exercise price of the warrant was adjusted from RM0.22 to RM1.10
and number of outstanding warrants were adjusted from 412,021,415 to 82,404,283 pursuant
to par value reduction and the share consolidation. The warrants issued are constituted under
a Deed Poll executed by the Company.
The movements of the warrants during the financial year are as follows:
Entitlement for ordinary shares of RM0.10 each
At
At
1.1.2016
Issued Exercised 31.12.2016
Number of unexercised
Warrants
82,404,283
–
– 82,404,283