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Annual Report 2020
194
Notes to the Financial Statements
As at 31 March 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
28. Treasury shares (cont’d.)
During the financial year, the Company bought back 1,170,600 (2019: 466,100) of its issued ordinary shares from the open
market at an average price of RM1.55 (2019: RM1.51) per ordinary share. The total consideration paid for the buy back
including transactions costs was RM1,829,000 (2019: RM703,000). The shares bought back are being held as treasury
shares in accordance with Section 127 of the Companies Act, 2016.
Of the total 282,231,600 (2019: 282,231,600) issued and fully paid ordinary shares as at 31 March 2020, 1,933,000 (2019:
762,400) are held as treasury shares by the Company. As at 31 March 2020, the number of outstanding ordinary shares in
issue and fully paid-up is therefore 280,298,600 (2019: 281,469,200).
29. Other reserves
Group
Capital
reserve
RM’000
Foreign
currency
translation
reserve*
RM’000
Capital
reserve
arising from
bonus issue
in subsidiary
RM’000
Total
RM’000
At 1 April 2019
437
(7,833)
66,459
59,063
Foreign currency translation
-
(3,347)
-
(3,347)
At 31 March 2020
437
(11,180)
66,459
55,716
At 1 April 2018
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
* The foreign currency translation reserve is used to record exchange differences arising from the translation of
the financial statements of foreign operations whose functional currencies are different from that of the Group’s
presentation currency. It is also used to record the exchange differences arising from monetary items which form
part of the Group’s net investment in foreign operations, where the monetary item is denominated in either the
functional currency of the reporting entity or the foreign operation.
30. Retained earnings
As at 31 March 2020 and 31 March 2019, the Company may distribute the entire balance of the retained earnings under
the single tier system.