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Kumpulan Fima Berhad
(11817-V)
182
Notes to the
financial statements
31 march 2017
24. Share capital and share premium
Number of ordinary shares
Amount
2017
2016
2017
2016
‘000
‘000
RM’000
RM’000
Authorised:
Ordinary shares of RM1.00 each
-
300,000
-
300,000
Group and Company
Number of
ordinary shares
Total
Share
Share
Share
capital
capital
capital
(Issued and (Issued and
Share
and share
fully paid)
fully paid)
premium premium
‘000
RM’000
RM’000
RM’000
At 1 April 2015
276,087
276,087
23,930
300,017
Exercise of employee share options:
-ESOS
693
693
616
1,309
-RSGS
188
188
167
355
At 31 March 2016
276,968
276,968
24,713
301,681
At 1 April 2016
276,968
276,968
24,713
301,681
Exercise of employee share options:
-ESOS
5,095
5,095
4,725
9,820
-RSGS
169
169
-
169
282,232
282,232
29,438
311,670
Transfer to non-par value regime
-
29,438
(29,438)
-
At 31 March 2017
282,232
311,670
-
311,670
The new Companies Act, 2016 (“New Act”), which came into operation on 31 January 2017, abolished the concept of authorised
share capital and par value of share capital. Consequently, the amounts standing to the credit of the share premium account
becomes part of the Company’s share capital pursuant to the transitional provisions set out in Section 618(2) of the New Act.
There is no impact on the numbers of ordinary shares in issue or the relative entitlement of any of the members as a result of
this transition.
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per
share at meetings of the Company. All ordinary shares rank pari passu with regard to the Company’s residual assets.
The share capital issued by the Company during the year are pursuant to the exercise of share options under the ESOS and
share granted under RSGS as disclosed in Note 33.