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26. RESERVES
The statutory reserve is maintained by an Associate in compliance with the provisions of the Banking and
Financial Institutions Act, 1989. The other non-distributable reserves comprise mainly the Group’s share
of the Subsidiaries’ share premium arising from the issue of new shares to minority interests.
The Company has sufficient tax credit under Section 108 of the Income Tax Act 1967 and the balance
in the tax exempt income account to frank the payment of dividends out of its entire retained profit as
at 31 December 2004.
27. RESERVE ON CONSOLIDATION
Group
2004 2003
RM’000 RM’000
At beginning of year
Arising from:
127,800 6,428
– additional investment in a Subsidiary 7,179 129,216
– acquisition of Subsidiaries (Note 13) — 1,406
Amortisation for the year (61,781) (9,250)
At end of year 73,198 127,800
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