31. RESERVES
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
(Restated)
Non-distributable reserves:
Share premium
(a)
70,507
–
70,507
–
Merger reserve
(b)
(3,367)
(3,367)
–
–
Exchange reserve
(c)
1,895
1,403
–
–
Revaluation reserve
(d)
58,429
50,387
–
–
Warrant reserve
(e)
31,952
–
31,952
–
159,416
48,423
102,459
–
Distributable reserve:
Retained earnings
(f)
639,347
546,622
58,220
24,064
798,763
595,045
160,679
24,064
(a) This reserve comprise the premium paid on subscription of shares in the Company over and above the par value of the
shares.
(b) The difference between the issue price and the nominal value of shares issued were classified as merger reserve.
(c) Exchange reserve is used to record exchange differences arising from the translation of financial statements of
subsidiaries/associate whose functional currency differs from the Group’s presentation currency.
(d) Revaluation reserve (non-distributable)
Group
2014
2013
RM’0
RM’000
RM’000
At 1 January
50,387
50,387
Revaluation surplus, net of tax
8,042
–
At 31 December
58,429
50,387
The revaluation reserve represents surplus from the revaluation of the Group’s land and buildings.
(e) Warrant reserve is a reserve created based on the number of warrants issued to date.
(f) The entire retained earnings of the Company as at 31 December 2014 may be distributed as dividend under the single-tier
system.
32. NON-CASH TRANSACTIONS
The principal non-cash transaction during the financial year is the acquisition of property, plant and equipment of which
RM10,107,650 (2013: RM7,569,000) is by means of hire purchase and finance lease.
280
KPJ Healthcare Berhad annual report
2014
Notes to the
Financial Statements
For the financial year ended 31 December 2014 (continued)
