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203
Notes to the financial statements
31 December 2012
(continued)
Annual Report 2012 KPJ Healthcare Berhad
30. Share capital (continued)
(b) Share split, bonus issue and free warrants (continued)
Details relating to warrants exercised during the year are as follows:
Fair value of
shares at
Number of shares
share issue
Exercise
issued
Exercise date
date
price
2012
2011
RM/share
RM/share
‘000
‘000
1 January 2012 to 31 December 2012
4.64 - 6.37
1.70
61,198
25,077
Details relating to warrants exercised during the year are as follows:
Group/Company
2012
2011
RM’000
RM’000
Ordinary share capital - at par
30,599
12,538
Share premium
73,436
30,093
Proceeds from exercise of warrants
104,035
42,631
Fair value at exercise date of shares issued
336,889
105,570
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
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Non-distributable reserves:
Share premium
(a)
147,288
73,852
142,266
68,830
Merger reserve
(b)
(3,367)
(3,367)
-
-
Exchange reserve
(c)
(25)
(995)
-
-
Revaluation reserve
(d)
50,415
45,215
-
-
194,311
114,705
142,266
68,830
Distributable reserve:
Retained earnings
(e)
518,546
485,780
31,525
18,722
712,857
600,485
173,791
87,552
(a) This reserve comprise the premium paid on subscription of shares in the Company over and above the par value of the shares.
(b) Merger deficit is the difference between the nominal value and share premium of ordinary shares issued by the Company as consideration and the
nominal value of ordinary shares of subsidiaries acquired.
(c) Exchange reserve is used to record exchange differences arising from the translation of financial statements of subsidiaries whose functional currency
differs from the Group’s presentation currency.