2018 UEM Edgenta Annual Report

Other Share Share Capital merger Retained capital premium reserve reserve earnings Total (Note 33) (Note 33) (Note 34) (Note 34) (Note 36) equity Company RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At 1 January 2018 268,074 – 788,375 482,035 296,000 1,834,484 Total comprehensive income – – – – 36,949 36,949 Transaction with owners Dividends (Note 12) – – – – (241,171) (241,171) At 31 December 2018 268,074 – 788,375 482,035 91,778 1,630,262 At 1 January 2017 207,906 60,168 788,375 482,035 419,520 1,958,004 Total comprehensive income – – – – 1,224 1,224 Transaction with owners Transfer to share capital* 60,168 (60,168) – – – – Dividends (Note 12) – – – – (124,744) (124,744) At 31 December 2017 268,074 – 788,375 482,035 296,000 1,834,484 * The Companies Act 2016 (“Act”), which came into effect on 31 January 2017, abolished the concept of authorised share capital and par value of share capital. Consequently, the amounts standing to the credit of the share premium account becomes part of the Company’s share capital pursuant to the transitional provisions set out in Section 618(2) of the Act. Notwithstanding this provision, the Company may within 24 months from the commencement of Section 74 of the Act, use the amount standing to the credit of its share premium account of RM60.2 million for purposes as set out in Section 618(3) of the Act. There is no impact on the number of ordinary shares in issue or the relative entitlement of any of the members as a result of this transition. The accompanying accounting policies and explanatory information form an integral part of the financial statements. STATEMENTS OF CHANGES IN EQUITY For the year ended 31 December 2018 Management Discussion & Analysis UEM Edgenta Berhad Annual Report 2018 About UEM Edgenta Chairman’s Statement 152