APM AUTOMOTIVE HOLDINGS BERHAD
80
NOTES TO THE
FINANCIAL STATEMENTS
16. Capital and reserves
Share capital
Group and Company
Amount
Number
of shares
Amount
Number
of shares
2014
2014
2013
2013
RM’000
’000
RM’000
’000
Authorised
Ordinary shares of RM1.00 each
300,000
300,000
300,000
300,000
Issued and fully paid
Ordinary shares of RM1.00 each
201,600
201,600
201,600
201,600
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to
one vote per share at meetings of the Company. In respect of the Company’s treasury shares that are held by
the Group (see below), all rights are suspended until those shares are reissued.
Treasury shares
The shareholders of the Company, by an ordinary resolution passed in a general meeting held on 28 May 2014,
approved the Company’s plan to purchase its own shares. The Directors of the Company are committed to
enhancing the value of the Company to its shareholders and believe that the purchase plan can be applied in the
best interest of the Company and its shareholders.
During the financial year, the Company repurchased 2,000 (2013: 2,000) of its issued ordinary share capital from
the open market at an average price of RM6.13 (2013: RM5.34) per ordinary share. The purchase transactions
were financed by internally generated funds. The ordinary shares purchased are retained as treasury shares.
At 31 December 2014, the Company held 5,914,000 (2013: 5,912,000) of the Company’s shares.
Share premium
The reserve comprises the premium paid on subscription of shares in the Company over and above par value of
the shares.
Translation reserve
The translation reserve comprises all foreign currency differences arising from the translation of the financial
statements of the Group entities with functional currencies other than RM.
Revaluation reserve
The revaluation reserve relates to the revaluation of Group’s freehold land, leasehold land and buildings.
