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Notes To The
Financial Statements
As at 31 March 2019
25. Other reserves
Group
Foreign
currency
translation
deficit
RM’000
Asset
revaluation
reserve
Rm’000
Equity
contribution
from parent
RM’000
Total
RM’000
At 1 April 2017, as previously stated
(18,510)
7,605
4,250
(6,655)
Effects from adoption of MFRS
18,510
(7,605)
-
10,905
At 1 April 2017, as restated
-
-
4,250
4,250
Foreign currency translation
(8,814)
-
-
(8,814)
At 31 March 2018
(8,814)
-
4,250
(4,564)
At 1 April 2018, as previously stated
(27,093)
7,605
4,250
(15,238)
Effects from adoption of MFRS
18,279
(7,605)
-
10,674
At 1 April 2018, as restated
(8,814)
-
4,250
(4,564)
Foreign currency translation
1,497
-
-
1,497
At 31 March 2019
(7,317)
-
4,250
(3,067)
Company
At 1 April 2017, as previously stated
1,556
539
2,095
Effects from adoption of MFRS
(1,556)
-
(1,556)
At 1 April 2017/31 March 2018/ 1 April 2018, as restated and
31 March 2019
-
539
539
The nature and purpose of each category of reserve are as follows:
(a) Asset revaluation reserve
The asset revaluation reserve was previously used to record increases in the fair value of freehold land,
leasehold land and buildings and decreases to the extent that such decrease relates to an increase on the
same asset previously recognised in equity.
(b) Foreign currency translation reserve/(deficit)
The foreign currency translation reserve/(deficit) is used to record exchange differences arising from the
translation of the financial statements of foreign operations whose functional currency is 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.
162
Fima Corporation Berhad
(21185-P)
Annual Report 2019