MKH Annual Report 2017

23. NON-CURRENT ASSETS CLASSIFIED AS HELD FOR SALE The Group 2017 2016 RM RM At cost: At beginning of year 7,481,690 - Transfer from land held for property development (Note 17) 15,067,848 7,481,690 At end of year 22,549,538 7,481,690 The subsidiary of the Group entered into sales and purchase agreements with: (i) third party on 6 January 2016 for the disposal of a parcel of leasehold land located at Hillpark Shah Alam, for a total cash consideration of RM9,500,000; (ii) third party on 16 January 2017 for the disposal of a parcel of leasehold land located at Hillpark Shah Alam, for a total cash consideration of RM7,587,739; and (iii) third party on 16 May 2017 for disposal of a parcel of leasehold land located at Hillpark Shah Alam, for a total cash consideration of RM11,273,000. As of the date of the financial statements were authorised for issue, the said disposals are still pending fulfilment of conditions precedent. 24. SHARE CAPITAL The Group and The Company 2017 2016 Number of Number of shares RM shares RM Authorised: Ordinary shares - - 1,000,000,000 1,000,000,000 The Group and The Company 2017 2016 Number of Number of shares RM shares RM Issued and fully paid-up: Ordinary shares At beginning of year 419,443,984 419,443,984 419,407,284 419,407,284 Issuance of shares pursuant to: - rights issue 42,625,187 80,561,603 - - - bonus issue 85,250,374 85,250,374 - - - warrants 15,582,377 28,978,631 36,700 36,700 Transfer from share premium - 785,179 - - Share issue expenses - (1,704,487) - - At end of year 562,901,922 613,315,284 419,443,984 419,443,984 Notes to the Financial Statements For the Financial Year ended 30 September 2017 160 MKH Berhad • Annual Report 2017