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Annual Report 2013
KPJ HEALTHCARE BERHAD
242
31.
Reserves
Group
Company
2013
2012
2013
2012
RM’000
RM’000
RM’000
RM’000
Non-distributable reserves:
Share premium
(a)
-
142,266
-
142,266
Merger reserve
(b)
(3,367)
(3,367)
-
-
Exchange reserve
(c)
3,285
(25)
-
-
Revaluation reserve
(d)
50,415
50,415
-
-
50,333
189,289
-
142,266
Distributable reserve:
Retained earnings
(e)
546,622
518,546
24,064
31,525
596,955
707,835
24,064
173,791
(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 de cit 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 nancial statements of subsidiaries whose
functional currency differs from the Group’s presentation currency.
(d)
Revaluation reserve (non-distributable)
Group
2013
2012
RM’000
RM’000
At 1 January
50,415
45,215
Revaluation surplus, net of tax
-
5,200
At 31 December
50,415
50,415
The revaluation reserve includes surplus from the revaluation of the Group’s land and buildings and unrealised revaluation reserves
retained in the Group’s interest in Al-’Aqar Healthcare REIT.
(e)
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 2013 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 2013, the Company has fully utilised its Section
108 balance.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)