MISC Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 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 307 MISC BERHAD ANNUAL REPORT 2018 306 28. OTHER RESERVES Revaluation reserve 28(a) RM'000 Capital reserve 28(b) RM'000 Other capital reserve 28(c) RM'000 Statutory reserve 28(d) RM'000 Fair value reserve 28(e) RM'000 Hedging reserve 28(f) RM'000 Currency translation reserve 28(g) RM'000 Total RM'000 Group At 1 January 2018 1,357 435,199 99,299 3,161 53,036 8,341 5,359,152 5,959,545 Adjustment on initial application of MFRS 9 - - - - (53,036) - - (53,036) At 1 January 2018 (Restated) 1,357 435,199 99,299 3,161 - 8,341 5,359,152 5,906,509 Currency translation differences: Group - - - - - - 668,942 668,942 Associates - - - - - - (48) (48) Joint ventures - - - - - - 13,986 13,986 Fair value (loss)/gain on cash flow hedges: Group - - - - - (5,400) - (5,400) Joint ventures - - - - - 15 - 15 At 31 December 2018 1,357 435,199 99,299 3,161 - 2,956 6,042,032 6,584,004 At 1 January 2017 1,357 435,284 101,130 1,966 56,009 (3,782) 8,757,052 9,349,016 Currency translation differences: Group - - - - - - (3,302,388) (3,302,388) Associates - - - - - - (303) (303) Joint ventures - - - - - - (95,305) (95,305) Fair value loss on non-current investments - - - - (2,973) - - (2,973) Fair value gain on cash flow hedges: Group - - - - - 11,679 - 11,679 Joint ventures - - - - - 444 - 444 Reclassification to income statement on disposal of an associate - - (1,831) 1,495 - - 96 (240) Reclassification to income statement on liquidation of a subsidiary - (85) - (300) - - - (385) At 31 December 2017 1,357 435,199 99,299 3,161 53,036 8,341 5,359,152 5,959,545