MKH Annual Report 2019

186 A N N U A L R E P O R T 2 0 1 9 25. SHARE CAPITAL (CONT’D) (a) Share capital The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regard to the Company’s residual assets. (b) Treasury shares Treasury shares relate to ordinary shares of the Company that are held by the Company. The amount consists of the acquisition costs of treasury shares net of the proceeds received on their subsequent sale or issuance. The Company acquired 3,475,000 (30.9.2018: 4,038,600; 1.10.2017: Nil) shares in the Company through purchases on the Bursa Malaysia Securities Berhad during the financial year. The total amount paid to acquire the shares including transaction costs was RM4,199,140 (30.9.2018: RM5,437,937; 1.10.2017: RMNil) and this was presented as a component within shareholders’ equity. The directors of theCompany are committed to enhancing the value of theCompany for its shareholders and believe that the repurchase plan can be applied in the best interests of the Company and its shareholders. The repurchase transactions were financed by internally generated funds. The shares repurchased are held as treasury shares. 26. RESERVES The Group 30.9.2019 30.9.2018 1.10.2017 RM RM RM (Restated) (Restated) Non-distributable Translation reserve (4,551,006) (6,789,776) (3,428,618) Revaluation reserve 23,402,037 23,402,037 23,533,537 Warrant reserve - - 4,761,173 18,851,031 16,612,261 24,866,092 Distributable Retained earnings 952,212,746 887,002,206 843,577,533 971,063,777 903,614,467 868,443,625 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019