Pg 147 - Berjaya Corporation Berhad

SHARE CAPITALDuring the financial year, the Company increased its issued and fully paid-up share capital from RM868,077,556 to RM895,423,360 byway of:a) issuance of 22,049,166 new ordinary shares of RM1.00 each when RM35,278,692 nominal value of 5% Irredeemable ConvertibleUnsecured Loan Stocks 1999/2009 (“ICULS 1999/2009”) were converted into shares at the rate of RM1.60 nominal value of ICULS1999/2009 for one fully paid ordinary share;b) issuance of 196,638 new ordinary shares of RM1.00 each when RM196,638 nominal ICULS 1999/2009 were converted into sharesat the rate of RM1.00 nominal value of ICULS 1999/2009 and RM0.60 cash for one fully paid ordinary share;c) bonus issue of 890,323,360 new ordinary shares of RM1.00 each, credited as fully paid-up, on the basis of one new share for everyone share held on 13 December 2005 which was allotted on 14 December 2005 (“1st Bonus Issue”);d) capital repayment and consolidation which comprise the following were completed on 14 December 2005:i) capital repayment pursuant to Section 64 of the Companies Act, 1965 of RM0.80 for every share held after the 1st Bonus Issuevia the distribution of Berjaya Corporation Berhad 0% Irredeemable Convertible Unsecured Loan Stocks 2005/2015; andii)consolidation of five ordinary shares of RM0.20 each held after the capital repayment mentioned in i) above into one ordinaryshare of RM1.00 each; ande) bonus issue of 534,194,016 new ordinary shares, credited as fully paid-up, on the basis of three new shares for every two sharesheld immediately after the 1st Bonus Issue and capital repayment and consolidation allotted on 15 December 2005; andf) issuance of 5,100,000 new ordinary shares of RM1.00 each when RM5,100,000 nominal value of ICULS 1999/2009 were convertedinto shares at the rate of RM1.00 nominal value of ICULS 1999/2009 for one fully paid ordinary share.SIGNIFICANT EVENTS DURING THE FINANCIAL YEARSignificant events during the financial year are disclosed in Note 39 to the financial statements.OTHER STATUTORY INFORMATION(a) Before the balance sheets and income statements of the Group and of the Company were made out, the Directors took reasonablesteps:(i)(ii)to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for doubtfuldebts and satisfied themselves that all known bad debts had been written off and that adequate provision had been made fordoubtful debts; andto ensure that any current assets which were unlikely to realise their values as shown in the accounting records in the ordinarycourse of business had been written down to an amount which they might be expected so to realise.(b) At the date of this report, the Directors are not aware of any circumstances which would render:(i)(ii)the amount written off for bad debts or the amount of the provision for doubtful debts in the financial statements of the Groupand of the Company inadequate to any substantial extent; andthe values attributed to the current assets in the financial statements of the Group and of the Company misleading.(c) At the date of this report, the Directors are not aware of any circumstances which have arisen which would render adherence to theexisting method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate.Berjaya Land Berhad (201765-A) Annual Report 200635