Ni Hsin Berhad Annual Report 2018

12. Share capital and reserves (continued) 12.5 Revaluation reserve Revaluation reserve relates to the revaluation of property in property, plant and equipment. 12.6 Share option reserve The share option reserve comprises the cumulative value of Directors and employee services received for the issue of share options by the Group. When the option is exercised, the amount from the share option reserve is transferred to share capital. When the share options expire, the amount from the share option reserve is transferred to retained earnings. During the year, the ESOS has been cancelled as stated in Note 21 to financial statements. Hence, the amount in share option reserve have been transferred to Retained earnings. 12.7 Other reserve Other reserve comprises the reclassification of revaluation reserve and foreign currency translation reserve at the date of transition to MFRSs. 12.8 Warrants During the financial year and up to date of expiry, 9 February 2018, the warrant exercised by registered warrant holders to new ordinary shares at exercise price of RM0.20 per ordinary share as follows: Month of exercise Exercise price (RM) No. of warrant exercised January 0.20 55,326,000 February 0.20 5,388,000 The number of warrants unexercised as at 31 December 2017 was 91,277,903. 13. Loans and borrowings Group 2018 2017 RM’000 RM’000 Non-current Finance lease liabilities 269 - Current Bankers’ acceptances (unsecured) 1,265 - Finance lease liabilities 221 - 1,486 - 1,755 - Notes to the financial statements (continued) Annual Report 2018 75