Full Version Guinness Anchor Berhad Annual Report 2009 - Gab

120 GUINNESS ANCHOR BERHAD (5350-X)
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2009
12. SHARE CAPITAL AND RESERVES
12.1 Share capital
Company
Number
Number
Amount of shares Amount of shares
2009 2009 2008 2008
RM’000 ’000 RM’000 ’000
Authorised:
Shares of RM0.50 each 200,000 400,000 200,000 400,000
Issued and fully paid:
Ordinary stock units of RM0.50 each 151,049 302,098 151,049 302,098
12.2 Capital reserve
The capital reserve comprises the equity portion of financial instruments issued.
12.3 Single tier system
The Finance Act 2007 introduced a single tier company income tax system with effect from year of assessment 2008. The Company has fully utilized its section 108
tax credit and now automatically moves into the single-tier tax system.
13. OPERATING PROFIT
Group
Company
2009 2008 2009 2008
RM’000 RM’000 RM’000 RM’000
Operating profit is arrived at after charging:
Amortisation of intangible assets 1,370 1,961 1,370 1,961
Amortisation of prepaid lease payments 256 256 256 256
Auditors’ remuneration
– Statutory audit 115 115 70 70
– Other services 68 234 47 211
Depreciation of property, plant and equipment 27,020 25,859 24,845 23,515
Hire of equipment 592 454 457 362
Legal fees paid to firms in which certain Directors are members 102 206 99 172
Personnel expenses (including Directors)
– Contributions to defined contribution plans 7,565 6,779 3,297 2,978
– Wages, salaries and others 50,340 46,448 23,692 21,926
Rental expense on buildings 2,293 2,200 246 473
Unrealised loss on foreign exchange 347 563 347 556