174 / 220
1 7 0
NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
fInanCIal StatementS
26. Treasury shares
This amount relates to the acquisition cost of treasury shares.
The shareholders of the Company, by an ordinary resolution passed in a general meeting held on 24 August 2016, gave their
approval for the Company’s plan to repurchase its own shares. The directors of the Company are committed to enhancing
the value of the Company to its shareholders and believe that the repurchase plan can be applied in the best interests of the
Company and its shareholders.
During the financial year, the Company repurchased 296,300 of its issued ordinary shares from the open market at an average
price of RM1.49 per ordinary share. The total consideration paid for the repurchase including transactions costs was RM440,000.
The shares repurchased are being held as treasury shares in accordance with Section 127 of the Companies Act 2016.
Of the total 282,231,600 (2017: 282,231,600) issued and fully paid ordinary shares as at 31 March 2018, 296,300 (2017: Nil)
are held as treasury shares by the Company. As at 31 March 2018, the number of outstanding ordinary shares in issue and
fully paid-up is therefore 281,935,300 (2017: 282,231,600).
27. Other reserves
Capital
reserve
Asset
revaluation
reserve
Foreign
currency
translation
reserve
Employee
share
option
reserve
Capital
reserve
arising from
bonus issue
in subsidiary
Total
Group
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
2018
At 1 April 2017
437
81,848
(7,090)
-
66,459
141,654
Foreign currency translation
-
-
(22,038)
-
-
(22,038)
At 31 March 2018
437
81,848
(29,128)
-
66,459
119,616
2017
At 1 April 2016
437
87,471
(20,792)
4,427
66,459
138,002
Foreign currency translation
-
-
13,702
-
-
13,702
Reversal of revaluation
surplus of property, plant
and equipment previously
recognised
-
(5,623)
-
-
-
(5,623)
Transfer to retained earnings
for share options lapsed
-
-
-
(2,302)
-
(2,302)
Grant of equity-settled share
options
-
-
-
43
-
43
Share options exercised
-
-
-
(2,168)
-
(2,168)
-
(5,623)
13,702
(4,427)
-
3,652
At 31 March 2017
437
81,848
(7,090)
-
66,459
141,654