NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 25. RESERVES Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Fair value reserve (a) - 6,401 - - Foreign exchange translation reserve (b) (671) 33 - - Retained earnings 1,324,000 1,002,108 352,763 385,364 1,323,329 1,008,542 352,763 385,364 (a) Fair value reserve The fair value reserve represents the cumulative fair value changes (net of tax, where applicable) of investments designated at FVOCI. (b) Foreign exchange translation reserve The foreign exchange translation reserve arose from the translation of the financial statements of foreign subsidiaries and the Group’s share of an associate’s and joint ventures’ foreign currency translation differences whose functional currencies are different from the Group’s presentation. 26. LOANS AND BORROWINGS Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Secured Term loans 130,238 148,500 115,087 148,500 Revolving credits 119,400 121,700 95,000 100,000 Block discounting 22,020 22,858 - - 271,658 293,058 210,087 248,500 Unsecured Sukuk wakalah 575,000 150,000 575,000 150,000 846,658 443,058 785,087 398,500 226 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) S S
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