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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.