178 / 232
Notes to the
Financial Statements
As at 31 March 2019
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 30 August
2018, 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 466,100 (2018: 296,300) of its issued ordinary shares from
the open market at an average price of RM1.51 (2018: RM1.49) per ordinary share. The total consideration paid
for the repurchase including transactions costs was RM703,000 (2018: 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 (2018: 282,231,600) issued and fully paid ordinary shares as at 31 March 2019, 762,400
(2018: 296,300) are held as treasury shares by the Company. As at 31 March 2019, the number of outstanding
ordinary shares in issue and fully paid-up is therefore 281,469,200 (2018: 281,935,300).
27. Other reserves
Capital
reserve
Asset
revaluation
reserve
Foreign
currency
translation
reserve
Capital
reserve
arising from
bonus issue
in subsidiary
Total
Group
RM’000
RM’000
RM’000
RM’000
RM’000
2019
At 1 April 2018, as previous
stated
437
81,848
(29,128)
66,459
119,616
Effects from adoption of
MFRS
-
(81,848)
7,090
-
(74,758)
At 1 April 2018, as restated
437
-
(22,038)
66,459
44,858
Foreign currency translation
-
-
14,205
-
14,205
At 31 March 2019
437
-
(7,833)
66,459
59,063
2018
At 1 April 2017, as previous
stated
437
81,848
(7,090)
66,459
141,654
Effects from adoption of
MFRS
-
(81,848)
7,090
-
(74,758)
At 1 April 2017, as restated
437
-
-
66,459
66,896
Foreign currency translation
-
-
(22,038)
-
(22,038)
At 31 March 2018
437
-
(22,038)
66,459
44,858
Kumpulan Fima Berhad
(11817-V)
Annual Report 2019
174