MISC Annual Report 2018

HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 219 MISC BERHAD ANNUAL REPORT 2018 218 Attributable to equity holders of the Corporation Non Distributable Distributable Non Distributable Note Total equity RM'000 Equity attributable to equity holders of the Corporation RM'000 Share capital* RM'000 Share premium RM'000 Treasury shares RM'000 Retained profits RM'000 Other reserves, total RM'000 Other capital reserve RM'000 Capital reserve RM'000 Revaluation reserve RM'000 Statutory reserve RM'000 Fair value reserve RM'000 Hedging reserve RM'000 Currency translation reserve RM'000 Non- controlling interests RM'000 2018 At 1 January 2018 35,904,764 34,844,198 8,923,262 - - 19,961,391 5,959,545 99,299 435,199 1,357 3,161 53,036 8,341 5,359,152 1,060,566 Adjustment on inital application MFRS 9 (143,300) (142,637) - - - (89,601) (53,036) - - - - (53,036) - - (663) At 1 January 2018 (Restated) 35,761,464 34,701,561 8,923,262 - - 19,871,790 5,906,509 99,299 435,199 1,357 3,161 - 8,341 5,359,152 1,059,903 Total comprehensive income/(loss) 1,965,507 1,988,998 - - - 1,311,503 677,495 - - - - - (5,385) 682,880 (23,491) Transactions with equity holders Dividends 12 (1,339,139) (1,339,139) - - - (1,339,139) - - - - - - - - - Dividends paid to non-controlling interest (23,430) - - - - - - - - - - - - - (23,430) Buyback of shares by the Corporation 27 (271) (271) - - (271) - - - - - - - - - - Total transactions with equity holders (1,362,840) (1,339,410) - - (271) (1,339,139) - - - - - - - - (23,430) At 31 December 2018 36,364,131 35,351,149 8,923,262 - (271) 19,844,154 6,584,004 99,299 435,199 1,357 3,161 - 2,956 6,042,032 1,012,982 2017 At 1 January 2017 39,330,953 38,065,666 4,463,794 4,459,468 - 19,793,388 9,349,016 101,130 435,284 1,357 1,966 56,009 (3,782) 8,757,052 1,265,287 Total comprehensive (loss)/income (1,422,968) (1,407,337) - - - 1,981,509 (3,388,846) - - - - (2,973) 12,123 (3,397,996) (15,631) Transactions with equity holders Liquidation of a subsidiary 16,266 16,266 - - - 16,651 (385) - (85) - (300) - - - - Disposal of an associate (240) (240) - - - - (240) (1,831) - - 1,495 - - 96 - Dividends 12 (1,830,157) (1,830,157) - - - (1,830,157) - - - - - - - - - Dividends paid to non-controlling interest (189,090) - - - - - - - - - - - - - (189,090) Transition in accordance with Section 618(2) of the Companies Act, 2016 to no-par value regime effective 31 January 2017 27 - - 4,459,468 (4,459,468) - - - - - - - - - - - Total transactions with equity holders (2,003,221) (1,814,131) 4,459,468 (4,459,468) - (1,813,506) (625) (1,831) (85) - 1,195 - - 96 (189,090) At 31 December 2017 35,904,764 34,844,198 8,923,262 - - 19,961,391 5,959,545 99,299 435,199 1,357 3,161 53,036 8,341 5,359,152 1,060,566 * Included in share capital is one special preference share of RM1. The accompanying accounting policies and explanatory notes form an integral part of the financial statements. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY For the year ended 31 December 2018 For the year ended 31 December 2018