ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

072
WAWASAN TKH HOLDINGS BERHAD (540218-A)
ANNUAL REPORT 2012
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2012 (cont’d)
14. SHARE CAPITAL, RESERVES AND ACCUMULATED LOSSES
14.1 Share capital
Ordinary shares of
RM0.10 each:
Number
of shares
’000
Group and Company
2012 2011
Number
of shares
RM’000 ’000
RM’000
Authorised
5,000,000
500,000
5,000,000
500,000
Issued and fully paid:
Balance as at 1 January
Par value reduction
Issuance during the
financial year
Balance as at 31
December
448,438
-
16,000
464,438
44,844
-
1,600
46,444
288,438
-
160,000
448,438
57,688
(28,844)
16,000
44,844
During the current financial year, the Company increased its issued and paid-up share capital by issuance
of 16 million new ordinary shares of RM0.10 each for cash via the exercise of 16 million detachable warrants
2008/2013 (‘Warrants’) at exercise price of RM0.21 per Warrant on the basis of one (1) new ordinary share
for every one (1) Warrant exercised pursuant to the Deed Poll dated 24 July 2008.
In the previous financial year, the Company undertook the following:
(i) reduced the issued and paid-up share capital of the Company via cancellation of RM0.10 from the
par value of every existing ordinary share of RM0.20 each in the Company pursuant to Section 64 of the
Companies Act, 1965 in Malaysia; and
(ii) increased its issued and paid-up share capital by issuance of 160 million new ordinary shares of RM0.10
each via a private placement to its major shareholder, namely WTKHSB or its assignee(s)/renouncee(s)
by way of the conversion of an existing debt amounting to RM16 million owing by the Company to
WTKHSB.
The owners of the parent are entitled to receive dividends as and when declared by the Company and are
entitled to one (1) vote per ordinary share at meetings of the Company. All ordinary shares rank pari passu
with regard to the Company’s residual assets.
14.2 Reserves and accumulated losses
2012
RM’000
Group
2011
RM’000
2012
RM’000
Company
2011
RM’000
Non-distributable:
Capital reserve
Warrant reserve
Exchange translation
reserve
3,472
5,980
(41)
-
7,692
(46)
3,472
5,980
-
-
7,692
-
Accumulated losses
9,411
(40,499)
7,646
(30,254)
9,452
(18,187)
7,692
(14,853)
(31,088)
(22,608)
(8,735)
(7,161)