2004 - Hiap Teck Venture Berhad

Consolidated Statement of Changes in Equity
for the year ended 31 July 2004
Reserves
Non-Distributable
Distributable
Share Share Share Revaluation Retained
Capital Premium Application Reserves Profits Total
Note RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
At 1 August 2002 300 - - - 79,499 79,799
Acquisition of
subsidiaries 75,474 - - - - 75,474
Revaluation surplus
on properties - - - 18,737 - 18,737
Less: Deferred tax
on revaluation
surplus - - - (4,070) - (4,070)
- - - 14,667 - 14,667
Merger deficit - - - - (49,970) * (49,970)
Acquisition of
properties:
- share issued
in consideration 42,326 - - - - 42,326
- premium on
shares issued - 20,574 - - - 20,574
Share application - - 22,990 - - 22,990
Profit for the year - - - - 20,622 20,622
Dividends 27 - - - - (918) (918)
At 31 July 2003 118,100 20,574 22,990 14,667 49,233 225,564
At 1 August 2003
- As previously
stated 118,100 20,574 22,990 17,845 49,233 228,742
- Prior year
adjustment 28 - - - (3,178) - (3,178)
- As restated 118,100 20,574 22,990 14,667 49,233 225,564
Issuance of
ordinary shares:
Issued for cash 45,600 4,560 (22,990) - - 27,170
Less: Share
issue costs - (3,281) - - - (3,281)
45,600 1,279 (22,990) - - 23,889
Dividends 27 - - - - (5,893) (5,893)
Profit for the year - - - - 41,346 41,346
At 31 July 2004 163,700 21,853 - 14,667 84,686 284,906
* Merger deficit represents the excess of the nominal value of shares issued for the acquisitions of subsidiaries over the
nominal value of shares of the subsidiaries acquired. The merger deficit has been written off against retained profit in
the previous financial year.
The accompanying notes form an integral part of the financial statements.
26 HIAP TECK VENTURE BERHAD