240 REDISCOVER | REBUILD | SUSTAIN Notes to the financial statements - 31 December 2015 26. Other reserves (cont’d.) Currency Fair value translation reserve reserve Total RM’000 RM’000 RM’000 Corporation At 1 January 2015 63,399 178,682 242,081 Currency translation differences – 4,755,157 4,755,157 Fair value gain on non-current investments 2,167 – 2,167 At 31 December 2015 65,566 4,933,839 4,999,405 At 1 January 2014 190,754 (398,112) (207,358) Currency translation differences – 576,794 576,794 Fair value loss on non-current investments (88,195) – (88,195) Reclassification to income statement on disposal of non-current quoted equity investment (39,160) – (39,160) At 31 December 2014 63,399 178,682 242,081 The nature and purpose of each category of reserves are as follows: (a) Revaluation reserve Revaluation reserve represents surplus arising from revaluation of certain freehold land. (b) Capital reserve Capital reserve represents reserve arising from bonus issue by subsidiaries. (c) Other capital reserve Other capital reserve represents the Group’s share of its subsidiaries’ reserve. (d) Statutory reserve Statutory reserve is maintained by overseas subsidiaries and joint ventures in accordance with the laws of the country of operations. (e) Capital redemption reserve Capital redemption reserve represents reserve created upon the redemption of preference shares in subsidiaries.
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