156 / 188
152
NOTES TO THE FINANCIAL STATEMENTS
F I N A N C I A L S TAT E M E N T S
24. 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 198,600 (2017: 176,300) of its issued ordinary shares from the open
market at an average price of RM1.99 (2017: RM2.21) per ordinary share. The total consideration paid for the repurchase
including transactions costs was RM395,868 (2017: RM392,364). 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 (2017: 245,324,330) issued and fully paid ordinary shares as at 31 March 2018, 4,371,100
(2017: 4,172,500) 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 240,953,230 (2017: 241,151,830).
25. OTHER RESERVES
Foreign
Currency
Translation
Deficit
Asset
Revaluation
Reserve
Equity
Contribution
from Parent
Total
RM’000
RM’000
RM’000
RM’000
Group
At 1 April 2016
(27,725)
16,823
4,228
(6,674)
Foreign currency translation
9,215
-
-
9,215
Grant of equity-settled share options
-
-
22
22
Reversal of revaluation surplus of property, plant and
equipment previously recognised
-
(9,218)
-
(9,218)
At 31 March 2017
(18,510)
7,605
4,250
(6,655)
At 1 April 2017
(18,510)
7,605
4,250
(6,655)
Foreign currency translation
(8,583)
-
-
(8,583)
At 31 March 2018
(27,093)
7,605
4,250
(15,238)
Company
At 1 April 2016
1,556
533
2,089
Grant of equity-settled share options
-
6
6
At 31 March 2017/2018
1,556
539
2,095