EXCEL FORCE MSC BERHAD 93 Notes to the Financial Statements (Cont’d) 17. Share Capital Group and Company Number of shares Amount 30.6.2023 31.12.2021 30.6.2023 31.12.2021 Units Units RM RM Issued and fully paid ordinary shares At 1 January 559,378,375 615,378,375 81,176,480 89,303,150 Cancellation of treasury shares - (56,000,000) - (8,126,670) At 30 June/31 December 559,378,375 559,378,375 81,176,480 81,176,480 The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regards to the Company’s residual assets. In previous financial year, the Company cancelled 56,000,000 units treasury shares. Accordingly, the number of issued and fully paid ordinary shares at the reporting date is 559,378,375. 18. Reserves Group 30.6.2023 31.12.2021 1.1.2021 Note RM RM RM (Restated) (Restated) Non-distributable Fair value reserve (a) (4,680,592) 4,318,133 (688,440) Other reserve (b) (80,745) (80,745) (80,745) Distributable Retained earnings (c) 20,480,477 13,744,903 29,779,127 15,719,140 17,982,291 29,009,942 Company 30.6.2023 31.12.2021 1.1.2021 Note RM RM RM (Restated) (Restated) Non-distributable Fair value reserve (a) (4,680,592) 4,318,133 (688,440) Distributable Retained earnings (c) 21,240,434 14,045,164 29,170,960 16,559,842 18,363,297 28,482,520
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