MKH Berhad 187 27. SHARE CAPITAL (CONT’D) (b) Treasury shares (Cont’d) T he Company acquired Nil (2020: 1,618,700) shares in the Company through purchases on the Bursa Malaysia Securities Berhad during the financial year. The total amount paid to acquire the shares including transaction costs was RMNil (2020: RM1,475,201) and this was presented as a component within shareholders’ equity. T he directors of the Company are committed to enhancing the value of the Company for its shareholders and believe that the repurchase plan can be applied in the best interests of the Company and its shareholders. The repurchase transactions were financed by internally generated funds. The shares repurchased are held as treasury shares. 28. RESERVES The Group The Company 2021 2020 2021 2020 RM RM RM RM Non-distributable Translation reserve (677,699) (8,778,833) - - Revaluation reserve 27,359,331 27,359,331 671,520 671,520 26,681,632 18,580,498 671,520 671,520 Distributable Retained earnings 1,036,040,993 970,682,452 492,736,368 433,667,576 1,062,722,625 989,262,950 493,407,888 434,339,096 Translation reserve The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations as well as the foreign currency differences arising from monetary items which form part of the Group’s net investment in foreign operations, where the monetary item is denominated in either the functional currency of the reporting entity or the foreign operation or another currency. Revaluation reserve The revaluation reserve relates to the revaluation of land and buildings. 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. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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