ENRA Group Berhad Annual Report 2018

90 E N R A G R O U P B E R H A D ( 2 3 6 8 0 0 - T ) NOTES TO THE FINANCIAL STATEMENTS 31 March 2018 cont’d 16. DISPOSAL GROUP HELD FOR SALE (Cont’d) As at 31 March 2018, the assets and liabilities of the disposal are as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Assets classified as held for sale Property, plant and equipment (Note 4) 1,678 1,678 1,678 1,678 Investment properties (Note 5) 91,324 91,324 90,575 90,575 Amounts due from subsidiaries - - 560 560 93,002 93,002 92,813 92,813 Less: Impairment losses (Note33(c)) (7,846) (7,846) (7,238) (7,238) 85,156 85,156 85,575 85,575 Liabilities classified as held for sale Other payables (7) (7) - - (a) The investment properties and property, plant and equipment of the Group and of the Company under assets classified held for sale are charged to financial institutions for banking facilities granted to the Group and the Company as set out in Notes 24 and 26 to the financial statements. (b) The impairment losses of the Group and of the Company amounting to RM7,846,000 and RM7,238,000 respectively are as a result of writing down the investment properties and investment assets to fair value less costs to sell. 17. SHARE CAPITAL Group and Company Number of shares Amount ’000 RM’000 Issued and fully paid ordinary shares: At 31 March 2017/31 March 2018 136,208 144,744 In the previous financial year, with the introduction of the new Companies Act 2016 (the “Act”) effective 31 January 2017, the concept of authorised share capital and par value of share capital has been abolished. Consequently, balances within the share premium account have been transferred to the share capital account pursuant to the transitional provisions set out in Section 618(2) of the new Act. Notwithstanding this provision, the Company has elected to utilise its share premium account of RM8,536,000 for purposes stipulated in Section 618(3) of the new Act for a transitional period of 24 months from 31 January 2017. The owners of the Company are entitled to receive dividends as and when declared by the Company and are entitled to one (1) vote per ordinary share at meeting of the Company. All ordinary shares rank pari passu with regard to the residual assets of the Company.