Financial Statements Financial Statements Press Metal Aluminium Holdings Berhad 214 215 Integrated Annual Report 2023 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the year ended 31 December 2023 Group Note Attributable to owners of the Company Non-distributable Distributable Share capital RM’000 Translation reserve RM’000 Hedging reserve RM’000 Retained earnings RM’000 Total RM’000 Non- controlling interests RM’000 Total equity RM’000 At 1 January 2022 1,088,487 82,360 (776,219) 3,477,930 3,872,558 1,047,295 4,919,853 Cash flow hedge - - 897,271 - 897,271 111,954 1,009,225 Foreign currency translation differences for foreign operations: - Losses arising during the year - (25,870) - - (25,870) 1,986 (23,884) Total other comprehensive income for the year - (25,870) 897,271 - 871,401 113,940 985,341 Profit for the year - - - 1,406,770 1,406,770 359,771 1,766,541 Total comprehensive income for the year - (25,870) 897,271 1,406,770 2,278,171 473,711 2,751,882 Contributions by and distributions to owners of the Group Dividends to owners of the Company 26 - - - (492,742) (492,742) - (492,742) Distribution to NCI in relation to share capital reduction in a subsidiary - - - - - (2,000) (2,000) Dividends to non-controlling interests - - - - - (135,900) (135,900) - - - (492,742) (492,742) (137,900) (630,642) Issue of ordinary shares 15 964,257 - - - 964,257 - 964,257 Adjustment in purchase consideration on partial disposal of a subsidiary in previous years 7.2 - - - 14,800 14,800 (14,800) - Total transactions with owners of the Group 964,257 - - (477,942) 486,315 (152,700) 333,615 At 31 December 2022 2,052,744 56,490 121,052 4,406,758 6,637,044 1,368,306 8,005,350 Consolidated Statement of Changes in Equity for the year ended 31 December 2023 Group Note Attributable to owners of the Company Non-distributable Distributable Share capital RM’000 Translation reserve RM’000 Hedging reserve RM’000 Retained earnings RM’000 Total RM’000 Non- controlling interests RM’000 Total equity RM’000 At 1 January 2023 2,052,744 56,490 121,052 4,406,758 6,637,044 1,368,306 8,005,350 Cash flow hedge - - (376,706) - (376,706) (73,569) (450,275) Foreign currency translation differences for foreign operations: - Gains arising during the year - 27,711 - - 27,711 6,216 33,927 Share of other comprehensive income of equity-accounted associates - 15,719 (3,607) - 12,112 - 12,112 Total other comprehensive expense for the year - 43,430 (380,313) - (336,883) (67,353) (404,236) Profit for the year - - - 1,215,268 1,215,268 302,724 1,517,992 Total comprehensive income for the year - 43,430 (380,313) 1,215,268 878,385 235,371 1,113,756 Contributions by and distributions to owners of the Group Dividends to owners of the Company 26 - - - (576,772) (576,772) - (576,772) Dividends to non-controlling interests - - - - - (173,100) (173,100) - - - (576,772) (576,772) (173,100) (749,872) Partial disposal of interest in a subsidiary 32.2 - - - (5,643) (5,643) 32,662 27,019 Total transactions with owners of the Group - - - (582,415) (582,415) (140,438) (722,853) At 31 December 2023 2,052,744 99,920 (259,261) 5,039,611 6,933,014 1,463,239 8,396,253 The notes on pages 222 to 305 are an integral part of these financial statements.
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