cont'd - KNM Steel Sdn Bhd

KNM GROUP BERHAD I Annual Report 2012131Notes to the Financial Statements (cont’d)36. Explanation of transition to MFRS (Cont’d)36.1 Reconciliation of financial position (cont’d)Group 1.1.2011 31.12.2011Effect ofEffect oftransitiontransitionNote FRS to MFRS MFRS FRS to MFRS MFRSRM’000 RM’000 RM’000 RM’000 RM’000 RM’000EquityShare capital 1,001,093 – 1,001,093 1,001,093 – 1,001,093Share premium 319,426 – 319,426 319,426 – 319,426Treasury shares (44,588) – (44,588) (53,371) – (53,371)Revaluation reserve 36.3 (a) 44,584 – 44,584 40,231 – 40,231Translation reserve (531,419) – (531,419) (506,901) – (506,901)Hedging reserve (1,513) – (1,513) (5,172) – (5,172)Fair value reserves 30 – 30 30 – 30Retained earnings 36.3 (d) 930,828 4,570 935,398 809,719 4,570 814,289Equity attributable toowners of theCompany 1,718,441 4,570 1,723,011 1,605,055 4,570 1,609,625Non-controllinginterests 12,328 – 12,328 7,021 – 7,021Total equity 1,730,769 4,570 1,735,339 1,612,076 4,570 1,616,646LiabilitiesLoans and borrowings 380,493 – 380,493 366,390 – 366,390Long term payables 25,552 – 25,552 20,702 – 20,702Long service leaveliability 1,911 – 1,911 2,366 – 2,366Deferred tax liabilities 36.3 (c) 265,928 1,796 267,724 238,042 1,796 239,838Total non-currentliabilities 673,884 1,796 675,680 627,500 1,796 629,296Loans and borrowings 664,641 – 664,641 777,894 – 777,894Current tax liabilities 7,938 – 7,938 6,075 – 6,075Deferred income 57,346 – 57,346 390,160 – 390,160Trade and other payables 379,934 – 379,934 496,810 – 496,810Derivative financialliabilities 9,640 – 9,640 21,354 – 21,354Total currentliabilities 1,119,499 – 1,119,499 1,692,293 – 1,692,293Total liabilities 1,793,383 1,796 1,795,179 2,319,793 1,796 2,321,589Total equity andliabilities 3,524,152 6,366 3,530,518 3,931,869 6,366 3,938,235