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UEM EDGENTA BERHAD

2016 ANNUAL REPORT

ABOUT

UEM EDGENTA

STRIVING

FOR GROWTH

PERFORMANCE

REVIEW

CORPORATE

FRAMEWORK

LEADERSHIP

SUSTAINABILITY

STATEMENT

TRANSPARENCY

FINANCIAL

REVIEW

ACCOUNTABILITY

33. MERGER RELIEF RESERVE

The acquisitions of Opus Group Berhad (“Opus”) and Edgenta PROPEL in prior years, which was accounted for using

the pooling of interest method, gave rise to the following at acquisition date:

(a) Merger relief reserve

This reserve represents the excess of issue price of the Company’s shares over the par value in accordance with

Section 60(4)(a) of the Companies Act, 1965. This reserve had been partially set off against the merger deficit

reserve in prior year for the purpose of presentation in the financial statements of the Group.

(b) Other merger reserve

This reserve represents the excess of fair value of the Company’s shares at the acquisition date over the issue price.

This reserve had been fully set off against the merger deficit reserve for the purpose of presentation in the financial

statements of the Group.

34. OTHER RESERVES

Statutory

reserve

RM’000

(Note a)

Share

based

payment

RM’000

(Note b)

Foreign

currency

translation

reserve

RM’000

(Note c)

Capital

redemption

reserve

RM’000

(Note d)

Total

RM’000

Group

At 1 January 2016

279

59,817

9,163

69,259

Foreign currency translation

8,890

8,890

At 31 December 2016

279

68,707

9,163

78,149

At 1 January 2015

279

221

27,286

9,163

36,949

Foreign currency translation

32,531

32,531

Share-based payment issued by a

subsidiary

(323)

(323)

Employee share option forfeited

by a subsidiary

102

102

At 31 December 2015

279

59,817

9,163

69,259