Page 179 - KPJ_2011

30. Share capital
(b) Share split, bonus issue and free warrants (continued)
Details relating to warrants exercised during the year are as follows:
Under the single-tier tax system which came into effect from the year of assessment 2009, companies are not required to
have tax credits under Section 108 of the Income Tax Act, 1967 for dividend payment purposes. Dividends paid under
this system are tax exempt in the hands of shareholders.
Companies with Section 108 credits as at 31 December 2011 may continue to pay franked dividends until the Section
108 credits are exhausted or 31 December 2013 whichever if earlier unless they opt to disregard the Section 108 credits
to pay single-tier dividends under the special transitional provisions of the Finance Act, 2009. As at 31 December 2011,
KPJ has fully utilised its Section 108 balance.
The revaluation reserve includes surplus from the revaluation of Group’s land and buildings and unrealised revaluation
reserves retained in the Group’s interest in Al-’Aqar Healthcare REIT.
Details relating to warrants exercised during the year are as follows:
The fair value of shares issued on the exercise of warrants is the mean market price at which the Company’s shares were
traded on the Main Market of Bursa Malaysia Securities Berhad on the day prior to the exercise of the warrants.
31. Reserves
Non-distributable reserves:
Share premium 73,852 43,759 68,830 38,737
Merger reserve (3,367) (3,367) - -
Exchange reserve (995) (1,295) - -
Revaluation reserve 45,215 56,110 - -
Fair value reserve - 172 - -
114,705 95,379 68,830 38,737
Distributable reserve:
Retained earnings 485,780 393,337 18,722 459
600,485 488,716 87,552 39,196
Group Company
2011
RM’000
2011
RM’000
2010
RM’000
2010
RM’000
Ordinary share capital - at par 12,538 16,141
Share premium 30,093 38,737
Proceeds from exercised of warrants 42,631 54,878
Fair value at exercise date of shares issued 105,570 113,122
Group/Company
2011
RM’000
2010
RM’000
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2011 (continued)
1 January 2011 to 3.72-4.70 1.70 25,077 32,281
31 December 2011
Number of shares issued
2011
‘000
Exercised price
RM/share
Fair value of shares at share issue date
RM/share
Exercise
date
2010
‘000
ANNUAL REPORT 2011 174