MKH Annual Report 2018

165 MKH Berhad Annual Report 2018 25. RESERVES (Cont’d) Warrant reserve (Cont'd) The movement in the Company’s warrants to subscribe for new ordinary shares during the financial year is as follows: Number of warrants At At 1 October 30 September 2017 Exercised Expired 2018 Number of warrants 25,095,779 (23,646,246) (1,449,533) - The weighted average quoted price of shares of the Company at the time when the warrants were exercised was RM1.78 (2017: RM2.63). The warrants expired on 29 December 2017. 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. 26. PROVISIONS Post- employment benefit Retirement obligations gratuity Total RM RM RM The Group 2018 At beginning of year 11,453,546 20,183,386 31,636,932 Provision during the financial year 1,497,090 - 1,497,090 Incurred during the financial year (1,031,517) - (1,031,517) Remeasurement gain on defined benefit plans: Actuarial gain arising from experience adjustments (2,200,700) - (2,200,700) E ect of movements in exchange rate (985,526) - (985,526) At end of year 8,732,893 20,183,386 28,916,279 2017 At beginning of year 10,352,428 19,595,520 29,947,948 Provision during the financial year 832,705 587,866 1,420,571 Incurred during the financial year (352,618) - (352,618) Remeasurement loss on defined benefit plans: Actuarial loss arising from experience adjustments 848,285 - 848,285 E ect of movements in exchange rate (227,254) - (227,254) At end of year 11,453,546 20,183,386 31,636,932 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018