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163

notes to the

financial statements

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 (cont’d)

33 DEPOSITS (continued)

2010 2009 RM’000 RM’000

Represented by:

Refundable practising fees 6,390 13,039 Deferred consultancy expenses 7,392 0

13,782 13,039

34 SHARE CAPITAL

Group/Company 2010 2009 RM’000 RM’000

Authorised ordinary shares of RM0.50 each (2009: RM1 each)

At 1 January/31 December 500,000 500,000

Issued and fully paid ordinary shares of RM0.50 each (2009: RM1 each):

At 1 January 211,051 209,461 Issued during the fnancial year:

- exercise of share options 0 1,590 - issuance of bonus shares 52,762 0 - exercise of share warrants 16,141 0

At 31 December 279,954 211,051

(a) Treasury shares

The treasury shares of the Company, by an ordinary resolution passed in a general meeting held on 31 May 2010, approved

the Company’s plan to repurchase its own shares. The Directors of the Company are committed to enhancing the value of the Company to its shareholders and believe that the repurchase plan can be applied in the best interests of the Company and its shareholders.

During the fnancial year, the Company bought back from the open market 10,000 units of KPJ Healthcare Berhad shares,

listed on the Main Market of Bursa Malaysia Securities Berhad, at an average buy-back price of RM2.26 per share. The total consideration paid for share buy-back, including transaction costs, was RM22,765 and was fnanced by internally generated fund. The shares purchased were retained as treasury shares.

In the previous fnancial year, the Company disposed of the entire treasury shares in the open market, totaling 620,800 shares

at an average selling price of RM6.26 per share. The total consideration received net of transaction costs, was RM3,885,635. The gain on disposal of RM1,999,688 has been credited to the share premium account.

(b) Share split, bonus issue and free warrants

On 15 January 2010, the Company has subdivided its existing 211,050,615 ordinary shares of RM1 each into 422,101,230

ordinary shares of RM0.50 each (“Share Split”).

After the Share Split, the Company issued bonus shares of up to 105,525,308 new ordinary shares of RM0.50 each, which

credited as fully paid up by the Company, on the basis of one (1) Bonus Shares for every four (4) shares held by the entitled shareholders of the Company after the share split (“Bonus Issue”).

After the Share Spilt and Bonus Issue, the Company issued up to 131,906,635 free warrants on the basis of one (1) free warrant

for every four (4) shares held by the entitled shareholders of the Company after the Share Split and Bonus Issue.