GHL System Berhad Annual Report 2020

80 G H L S y s t e m S B e r h a d 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) Non-distributable Distributable Share capital ESS shares Retirement benefit reserve Exchange translation reserve Share options reserve Retained earnings Total attributable to owners of the parent Non- controlling interests Total equity Group Note RM RM RM RM RM RM RM RM RM Balance as at 1 January 2019 314,343,560 - - (1,455,652) 1,001,445 92,221,231 406,110,584 169,765 406,280,349 Profit for the financial year - - - - - 28,724,053 28,724,053 (1,705,450) 27,018,603 Remeasurement of defined benefit liability, net of tax - - 59,496 - - - 59,496 - 59,496 Foreign currency translations, net of tax - - - 1,728,462 - - 1,728,462 23,081 1,751,543 Reclassification adjustments relating to a subsidiary disposed off during the year 16(f) - - - (12,373) - - (12,373) - (12,373) Total comprehensive income - - 59,496 1,716,089 - 28,724,053 30,499,638 (1,682,369) 28,817,269 Transactions with owners: ESS shares acquired 24(d) - (11,943,043) - - - - (11,943,043) - (11,943,043) Transfers of ESS shares to employees - 782,288 - - - (56,188) 726,100 - 726,100 Share options granted under ESS 23 - - - - 1,521,227 - 1,521,227 - 1,521,227 ESS forfeited 23 - - - - (3,000) - (3,000) - (3,000) Ordinary shares issued pursuant to: - Acquisition of Paysys 23 14,387,525 - - - - - 14,387,525 - 14,387,525 - ESS 23 1,468,840 - - - (317,900) - 1,150,940 - 1,150,940 Liquidation of Pinoytek Solusyon, Inc. 16(f) - - - - - - - (91,772) (91,772) Acquisition of Speed Pay Plc. 16(h) - - - - - - - 8,017,380 8,017,380 Total transactions with owners 15,856,365 (11,160,755) - - 1,200,327 (56,188) 5,839,749 7,925,608 13,765,357 Balance as at 31 December 2019 330,199,925 (11,160,755) 59,496 260,437 2,201,772 120,889,096 442,449,971 6,413,004 448,862,975 STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020