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