Kimlun Corporation Berhad Annual Report 2017

Kimlun Corporation Berhad 68 STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 Attributable to owners of the Company Non-Distributable Distributable Non-Distributable Foreign Other currency Non Equity Share Share Treasury Retained reserves Warrant translation Controlling total capital premium shares earnings total reserve reserve Interest (Note 28) (Note 28) (Note 28) (Note 29) (Note 30) (Note 30) Group Note RM RM RM RM RM RM RM RM RM Opening balance at 1 January 2017 539,262,844 155,144,969 47,971,016 (23,774) 301,357,225 34,815,213 34,865,250 (50,037) (1,805) Foreign currency translation (20,549) - - - - (20,549) - (20,549) - Non-controlling interest (145,890) - - - - - - - (145,890) Profit attributable to owners of the Company 68,483,747 - - - 68,483,747 - - - - Total comprehensive income for the year 68,317,308 - - - 68,483,747 (20,549) - (20,549) (145,890) Transactions with owners Issuance of ordinary shares pursuant to: Dividend reinvestment plan of the Company 28 18,399,606 18,399,606 - - - - - - - Conversion of warrants 28 1,772,736 2,384,752 - - - (612,016) (612,016) - - Share issuance expenses (82,522) (82,522) - - - - - - - Acquisition of non-controlling interest 15 299,996 - - - - - - - 299,996 Dividends on ordinary shares 37 (20,177,730) - - - (20,177,730) - - - - Transition to no-par value regime* - 47,971,016 (47,971,016) - - - - - - Total transactions with owners 212,086 68,672,852 (47,971,016) - (20,177,730) (612,016) (612,016) - 299,996 Closing balance at 31 December 2017 607,792,238 223,817,821 - (23,774) 349,663,242 34,182,648 34,253,234 (70,586) 152,301 * Effective from 31 January 2017, the Companies Act 2016 (“the Act”) abolished the concept of authorised share capital and par value of share capital. Consequently, the amount standing to the credit balance of share premium became a part of the Company’s ordinary share capital pursuant to the transitional provision set out in Section 618(2) of the Act. Notwithstanding this provision, the Company may within 24 months from the commencement of the Act, use this amount for purposes as set out in Section 618(3) of the Act. There is no impact on the number of ordinary shares in issue or the relative entitlement of any members of the Company as a result of this transition. The accompanying accounting policies and explanatory notes form an integral part of the financial statements.