EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 56 Non-distributable Distributable Share Capital Treasury Shares Fair Value Reserve Retained Earnings Total Equity Note RM RM RM RM RM Company At 1 January 2019, as previously reported 20,998,365 - - 26,302,567 47,300,932 Effect of adoption of MFRS 16 - - - (13,227) (13,227) At 1 January 2019, as restated 20,998,365 - - 26,289,340 47,287,705 Profit for the financial year - - - 6,196,759 6,196,759 Other comprehensive loss for the financial year - - (26,790) - (26,790) Total comprehensive (loss)/income for the financial year - - (26,790) 6,196,759 6,169,969 Transactions with owners: Issuance of ordinary shares 16 68,304,785 - - - 68,304,785 Shares repurchased 18 - (19,440,808) - - (19,440,808) Dividends to the owners of parent 30 - - - (6,028,784) (6,028,784) 68,304,785 (19,440,808) - (6,028,784) 42,835,193 At 31 December 2019 89,303,150 (19,440,808) (26,790) 26,457,315 96,292,867 STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 (CONT’D) The accompanying notes form an integral part of the financial statements.