Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 51 The accompanying notes form an integral part of the financial statements. Distributable Share Share Retained Total Company capital premium earnings equity Note RM RM RM RM Balance as at 1 January 2015 20,676,810 - 22,032,166 42,708,976 Profit for the financial year - - 7,527,088 7,527,088 Other comprehensive income, net of tax - - - - Total comprehensive income - - 7,527,088 7,527,088 Transactions with owners Dividends paid 27 - - (6,203,043) (6,203,043) Balance as at 31 December 2015 20,676,810 - 23,356,211 44,033,021 Profit for the financial year - - 5,851,080 5,851,080 Other comprehensive income, net of tax - - - - Total comprehensive income - - 5,851,080 5,851,080 Transactions with owners Issuance of ordinary shares pursuant to exercise of warrants 15 9,787 56,768 - 66,555 Dividends paid 27 - - (4,135,362) (4,135,362) 9,787 56,768 (4,135,362) (4,068,807) Balance as at 31 December 2016 20,686,597 56,768 25,071,929 45,815,294 Statements of Changes in Equity for the Financial Year Ended 31 December 2016 (cont’d)