SCC Holdings Berhad Annual Report 2019

notes to the financial statement 31 december 2019 (cont’d) 69 SCC Holdings Berhad | Annual Report 2019 14. Share Capital Group and Company Number of Shares Amount 2019 2018 2019 2018 Units’000 Units’000 RM’000 RM’000 Issued and fully paid shares Ordinary Shares At 1 January/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. 15. Reserves Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Non-distributable Fair value reserve 64 70 - - Foreign Currency translation reserve 3 - - - Distributable Retained earnings 18,890 18,286 2,729 3,390 18,957 18,356 2,729 3,390 Fair value reserve Group 2019 2018 RM’000 RM’000 Non-distributable At 1 January 70 72 Fair value loss on financial asset at fair value through other comprehensive income (6) (2) At 31 December 64 70 Fair value reserve represents the cumulative net fair value changes in the financial assets at fair value through other comprehensive income financial assets until they are derecognised or impaired. Foreign currency translation reserve The foreign currency translation reserve represents exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group’s presentation currency.