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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110)
(21185-P)
• Annual Report 2020
169
27. Other reserves
Foreign
currency
translation
deficit
Equity
contribution
from parent
Total
Group
RM’000
RM’000
RM’000
At 1 April 2018
(8,814)
4,250
(4,564)
Foreign currency translation
1,497
-
1,497
At 31 March 2019
(7,317)
4,250
(3,067)
At 1 April 2019
(7,317)
4,250
(3,067)
Foreign currency translation
(6,707)
-
(6,707)
At 31 March 2020
(14,024)
4,250
(9,774)
Company
At 1 April 2018/31 March 2019/31 March 2020
539
539
The nature and purpose of each category of reserve are as follows:
(a) 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.
(b) Equity contribution from parent
Equity contribution from parent represents the equity-settled share options and shares granted by ultimate holding company,
Kumpulan Fima Berhad to the employees of the Group. The reserve is made up of the cumulative value of services received
from employees recorded on grant of share options and shares by Kumpulan Fima Berhad.
28. 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.