SCC Holdings Berhad Annual Report 2017

SCC Holdings Berhad (511477-A) | Annual Report 2017 61 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (CONT’D) 14. Reserves Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Non-distributable Share premium - 2,696 - 2,696 Fair value reserve 72 58 - - Distributable Retained profits 15,979 14,326 3,435 2,890 16,051 17,080 3,435 5,586 Share Premium Group and Company 2017 2016 RM’000 RM’000 Non-distributable At 1 January 2,696 2,667 Issuance of ordinary shares - 29 Share issuance shares (5) - Transfer to share capital in accordance with Section 618(2) of the Companies Act, 2016 (2,691) - At 31 December - 2,696 Share premium comprises the premium paid on subscription of shares in the Company over and above the par value of shares. As disclosed in Note 13 to the financial statements, share premium has become part of the Company’s share capital. Fair Value Reserve Group 2017 2016 RM’000 RM’000 Non-distributable At 1 January 58 51 Fair value gain of available- for-sale financial assets 14 7 At 31 December 72 58 Fair value reserve represents the cumulative net change in the fair value of available-for-sale financial assets until they are derecognised or impaired.