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Kumpulan Fima Berhad
(11817-V)
184
Notes to the
financial statements
31 march 2017
25. Other reserves (cont’d.)
Capital
Foreign Employee
reserve
Asset
currency
share arising from
Capital revaluation translation
option bonus issue
Company (cont’d.)
reserve
reserve
reserve
reserve subsidiary
Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
2016
At 1 April 2015
-
21,065
-
4,560
-
25,625
Grant of equity-settled share options
-
-
-
228
-
228
Share options exercised
-
-
-
(361)
-
(361)
-
-
-
(133)
-
(133)
At 31 March 2016
-
21,065
-
4,427
-
25,492
The nature and purpose of each category of reserve are as follows:
(a) Asset revaluation reserve
The asset revaluation reserve is used to record increases in the fair value of freehold land and buildings and decreases
to the extent that such decreases relates to an increase on the same asset previously recognised in equity.
(b) Foreign currency translation reserve
The foreign currency translation reserve is used to record exchange differences arising from the translation of the
financial statements of foreign operations whose functional currencies are different from that of the Group’s presentation
currency. It is also used to record the exchange differences arising from monetary items which form part of the Group’s
net investment in foreign operations, where the monetary item is denominated in either the functional currency of the
reporting entity or the foreign operation.
(c) Employee share reserve
Employee share reserve represents the equity-settled share options and shares granted to employees and directors
under the ESOS and RSGS, respectively. The reserve is made up of the cumulative value of services received from
employees recorded over the vesting period commencing from the grant date of equity-settled share options and
shares, under the ESOS and RSGS, respectively and is reduced by the expiry or exercise of the share options. When the
share options expire, the amount from the employee share reserve is transferred to retained earnings.