SCC Holdings Berhad Annual Report 2018

SCC Holdings Berhad | Annual Report 2018 .65 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2018 (CONT’D) 12. Other Investments Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Current Financial assets at fair value through profit or loss: - Unquoted money market fund 13,697 14,324 6,284 6,626 13. Share Capital Group and Company Number of Shares Amount 2018 2017 2018 2017 Units’000 Units’000 RM’000 RM’000 Issued and fully paid shares At 1 January 141,161 42,776 24,079 21,388 Issuance of bonus shares - 4,278 - - Share split - 94,107 - - Transfer from share premium in accordance with Section 618(2) of the Companies Act, 2016 - - - 2,691 At 31 December 141,161 141,161 24,079 24,079 The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. All ordinary shares carry one vote per share without restrictions and rank equally with regard to the Company’s residual assets. Share Premium Group and Company 2018 2017 RM’000 RM’000 Non-distributable At 1 January - 2,696 Share issuance shares - (5) Transfer to share capital in accordance with Section 618(2) of the Companies Act, 2016 - (2,691) At 31 December - - Share premium comprises the premium paid on subscription of shares in the Company over and above the par value of shares. As disclosed above, the share premium had become part of the Company’s share capital. In accordance with the transitional provisions set out in Section 618(2) of Companies Act 2016 (the “Act”), on 31 January 2017, the amounts standing to the credit of the share premium account becomes part of the Company’s share capital. The Company had 24 months from the commencement of the Act, to utilise the amount standing to the credit of its share premium account of RM2,691,000 for purposes as set out in Sections 618(3) of the Act. As at the date of issuance of the financial statements, the Company did not utilise the share premium account.