143 / 174
financiAL STATEMENTs
Annual Report 2017
141
NOTES TO THE FINANCIAL STATEMENTS
21. CASH AND BANK BALANCES (Cont’d.)
The weighted average effective interest rates (“WAEIR”) per annum of deposits at the reporting date are as follows:
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
%
%
%
%
Licensed banks
3.29
3.62
3.31
3.65
The average maturity of deposits as at the end of the financial year are as follows:
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Licensed banks
35
38
48
53
22. SHARE CAPITAL
Number of Shares
Amount
2017
2016
2017
2016
’000
’000
RM’000
RM’000
Authorised:
At 1 April 2016/2015 and 31 March
-
500,000
-
250,000
Issued and fully paid:
At 1 April 2016/2015 and 31 March
245,324
245,324
122,662
122,662
The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared by the Company.
All ordinary shares carry one vote per share without restrictions. The ordinary shares have no par value.
23. TREASURY SHARES
This amount relates to the acquisition cost of treasury shares.
The shareholders of the Company, by a special resolution passed in a general meeting held on 10 September 2007, 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 176,300 (2016: 84,000) of its issued ordinary shares from the open market
at an average price of RM2.21 per ordinary share. The total consideration paid for the repurchase including transactions costs
was RM392,364 (2016: RM184,985). The shares repurchased are being held as treasury shares in accordance with Section 127
of the Companies Act 2016.
Of the total 245,324,330 (2016: 245,324,330) issued and fully paid ordinary shares as at 31 March 2017, 4,172,500 (2016:
3,996,200) are held as treasury shares by the Company. As at 31 March 2017, the number of outstanding ordinary shares in
issue and fully paid-up is therefore 241,151,830 (2016: 241,328,130).