2012 Annual Report - Media Prima Berhad

Media Prima Berhad
Notes to
the Financial Statements
for the financial year ended 31 December 2012
14 OTHER RESERVES (CONTINUED)
Share
Warrants option
Company reserve reserve Total
RM’000 RM’000 RM’000
2012
At 1 January 2012 13,625 8,124 21,749
Cancellation of ESOS – (95) (95)
Exercise of ESOS – (1,892) (1,892)
Exercise of warrants (1,047) – (1,047)
At 31 December 2012 12,578 6,137 18,715
2011
At 1 January 2011 14,758 30,705 45,463
Cancellation of ESOS – (275) (275)
Exercise of ESOS – (22,306) (22,306)
Exercise of warrants (1,133) – (1,133)
At 31 December 2011 13,625 8,124 21,749
15 RETAINED EARNINGS/(ACCUMULATED LOSSES)
Under the single-tier tax system which comes into effect from the year of assessment 2008, 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 2012 may continue to pay franked dividends until the Section
108 credits are exhausted or 31 December 2013, whichever is earlier, unless they opt to disregard the Section 108
credits to pay single-tier dividends under the special transitional provisions of the Finance Act, 2007.
The Company has no tax credit under Section 108 of the Income Tax Act, 1967 to frank the payment of net dividends
out of its retained earnings as at 31 December 2012. Consequently, the Company can only pay single tier dividends
out of its retained earnings as at 31 December 2012.
16 DEBT INSTRUMENTS
Group and Company
2012 2011 1.1.2011
RM’000 RM’000 RM’000
Bank Guaranteed Medium Term Notes/Commercial
Papers (“BGMTN”) (Note (i)) – 100,253 169,257
Commercial Paper Medium Term Notes (“CPMTN”) (Note (ii)) 300,144 – –
Redeemable Fixed Rate Bonds (Note (iii)) 148,353 146,679 145,008
190
annual
report
2012
448,497 246,932 314,265