MKH Annual Report 2018

162 MKH Berhad Annual Report 2018 23. NON-CURRENT ASSETS CLASSIFIED AS HELD FOR SALE The Group 2018 2017 RM RM At cost: At beginning of year 22,549,538 7,481,690 Transfer (to)/from land held for property development (Note 17) (12,521,988) 15,067,848 Disposals (10,027,550) - At end of year - 22,549,538 This was in respect of the sales and purchase agreement entered into between a subsidiary and third parties for disposal of leasehold land held under land held for property development: (i) on 6 January 2016 for the disposal of a piece of leasehold land located at Hillpark Shah Alam for a total cash consideration of RM9,500,000; (ii) on 16 January 2017 for the disposal of a piece of leasehold land located at Hillpark Shah Alam for a total cash consideration of RM7,587,739; (iii) on 16 May 2017 for the disposal of a piece of leasehold land located at Hillpark Shah Alam for a total cash consideration of RM11,273,000; and (iv) on 9 February 2018 for the disposal of a piece of leasehold land located at Hillpark Shah Alam for a total cash consideration of RM2,247,696. The sales and purchase agreements entered on 16 January 2017 and 16 May 2017 respectively have been revoked during the financial year, and the land cost has been transferred to land held for property development. The disposals of leasehold land located at Hillpark Shah Alam as mentioned in (i) and (iv) above were completed during the financial year. 24. SHARE CAPITAL The Group and The Company Number of shares Amount Share capital Share capital (issued and Treasury (issued and Treasury fully paid-up) shares fully paid-up) shares RM RM 2018 At beginning of year 562,901,922 - 613,315,284 - Issuance of shares pursuant to warrants 23,646,246 - 41,143,371 - Share buy back - (4,038,600) - (5,437,937) At end of year 586,548,168 (4,038,600) 654,458,655 (5,437,937) FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 NOTES TO THE FINANCIAL STATEMENTS