MKH Berhad 183 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. PROVISIONS 30. Notes to the Financial Statements For the Financial Year Ended 30 September 2022 RESERVES (CONT’D) 29. Postemployment benefit obligations RM gratuity Retirement RM Total RM The Group 2022 At beginning of year 15,210,765 20,587,069 35,797,834 Provision during the financial year (Note 6) 3,163,357 - 3,163,357 Incurred during the financial year (1,978,521) - (1,978,521) Remeasurement gains on defined benefit plans: Effect of movements in exchange rate Actuarial gains arising from experience adjustments (1,357,259) - (1,357,259) 667,426 - 667,426 At end of year 15,705,768 20,587,069 36,292,837 2021 At beginning of year 16,654,765 20,587,069 37,241,834 Provision during the financial year (Note 6) 2,064,106 - 2,064,106 Incurred during the financial year (1,514,693) - (1,514,693) Remeasurement gains on defined benefit plans: Effect of movements in exchange rate Actuarial gains arising from experience adjustments (3,177,926) - (3,177,926) 1,184,513 - 1,184,513 At end of year 15,210,765 20,587,069 35,797,834
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