PRG Holdings Berhad Annual Report 2017

• Annual Report 2017 127 17. CASH AND BANK BALANCES (CONT’D) (e) For the purpose of the statements of cash flows, cash and cash equivalents comprise the following as at the end of each reporting period: Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Cash and bank balances Cash and bank balances 9,947 15,215 128 216 Deposits placed with financial institutions 26,478 5,209 - - Investments in short term funds 5,598 80 - 8 As reported in statements of financial position 42,023 20,504 128 224 Less: Bank overdraft (Note 20) - (659) - - Deposits placed with financial institutions with original maturity of more than three (3) months (1,817) (127) - - Restricted cash (2,785) (2,715) - - As reported in statements of cash flows 37,421 17,003 128 224 (f) Information on financial risks of cash and bank balances is disclosed in Note 33 to the financial statements. 18. SHARE CAPITAL AND TREASURY SHARES Group and Company 2017 2016 Number Number of shares of shares (’000) RM’000 (’000) RM’000 Ordinary shares Issued and fully paid: Balance as at 1 January 298,220 74,555 145,062 72,531 Share split - - 148,109 - Issued for cash pursuant to exercise of warrants 4,268 1,771 5,049 2,024 Transfer from share premium account pursuant to the Companies Act 2016 - 1,404 - - Balance as at 31 December 302,488 77,730 298,220 74,555 (a) During the financial year, the issued and paid-up share capital of the Company was increased from 298,220,374 to 302,488,174 by way of the issuance of 4,267,800 new ordinary shares pursuant to the exercise of Warrants 2014/2019 at an exercise price of RM0.375 per ordinary share for cash. (b) In the previous financial year, the Company undertook a share split exercise involving the subdivision of every one (1) existing ordinary share of RM0.50 each into two (2) ordinary shares of RM0.25 each. (c) The owners of the parent are entitled to receive dividends as and when declared by the Company and are entitled to one (1) vote per ordinary share at meetings of the Company. All ordinary shares rank pari passu with regard to the Company’s residual assets. (d) Of the total 302,488,174 (2016: 298,220,374) issued and fully paid ordinary shares as at 31 December 2017, 417,800 (2016: 417,800) ordinary shares bought for RM87,000 (2016: RM87,000) are held as treasury shares by the Company. The number of outstanding ordinary shares in issue after deducting the treasury shares is 302,070,374 (2016: 297,802,574) ordinary shares as at 31 December 2017. N O T E S T O T H E F I N A N C I A L S T A T E M E N T S 3 1 D E C E M B E R 2 0 1 7 ( C O N T ’ D )