MKH Annual Report 2020

189 MKH BERHAD 28. RESERVES The Group The Company 2020 RM 2019 RM 2020 RM 2019 RM Non-distributable Translation reserve (8,778,833) (4,551,006) - - Revaluation reserve 27,359,331 23,402,037 671,520 620,407 18,580,498 18,851,031 671,520 620,407 Distributable Retained earnings 970,682,452 952,212,746 433,667,576 402,096,741 989,262,950 971,063,777 434,339,096 402,717,148 Translation reserve The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations as well as the foreign currency differences arising from monetary items which form part of the Group’s net investment in foreign operations, where the monetary item is denominated in either the functional currency of the reporting entity or the foreign operation or another currency. Revaluation reserve The revaluation reserve relates to the revaluation of land and buildings. Retained earnings Distributable reserves are those available for distribution as dividends. The entire retained earnings of the Company are available to be distributed as single tier dividends to the shareholders of the Company. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020