ANNUAL REPORT 2008 - KNM Steel Sdn Bhd

CONSOLIDATED STATEMENT OF CHANGES IN
EQUITY FOR THE YEAR ENDED 31 DECEMBER 2008 (CONT’D)
Group Non-Distributable Distributable
Share
Share Share Revaluation Translation option Treasury Retained Minority Total
Note capital premium reserve reserve reserve Shares earnings Total interest equity
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
At 1 January 2008 261,646 571 6,793 (15,196) 291 – 301,365 555,470 199 555,669
Foreign exchange translation
differences – – – (80,756) – – – (80,756) 48 (80,708)
Net gain on hedge of net
investment in foreign
subsidiary – – – 7,869 – – – 7,869 – 7,869
Expenses not recognised
in income statement
- Share issue expenses – (13,221) – – – – – (13,221) – (13,221)
Reduction of deferred tax
liabilities arising from
changes in deferred
tax rate used – – 470 – – – – 470 – 470
Net gains recognised
directly in equity – (13,221) 470 (72,887) – – – (85,638) 48 (85,590)
Profit for the year – – – – – – 336,383 336,383 (151) 336,232
Total recognised income and
expense for the year – (13,221) 470 (72,887) – – 336,383 250,745 (103) 250,642
Issuance of shares
- ESOS 2,682 1,558 – – – – – 4,240 – 4,240
- Rights issue 65,934 989,010 – – – – – 1,054,944 – 1,054,944
- Bonus issue 659,348 (659,348) – – – – – – – –
Acquisition of equity interest
in subsidiaries – – – – – – – – 6,327 6,327
Share-based payments 18 – – – – 565 – – 565 – 565
Dividend to shareholders 23 – – – – – – (31,065) (31,065) – (31,065)
Acquisition of minority
interest 32 – – – – – – – – (199) (199)
Transfer to share premium for
share options exercised – 569 – – (569) – – – – –
Share buy-back – – – – – (21,006) – (21,006) – (21,006)
At 31 December 2008 989,610 319,139 7,263 (88,083) 287 (21,006) 606,683 1,813,893 6,224 1,820,117
Note 14.1 Note 14.2 Note 14.3 Note 14.4 Note 14.5
The notes on pages 60 to 117 are an integral part of these financial statements.
KNM GROUP BERHAD
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ANNUAL REPORT 2008