perspective perspective - ChartNexus

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27 RESERVES
Group Company
2005 2004 2005 2004
RM’000 RM’000 RM’000 RM’000
Non-distributable
Share premium 60,428 60,428 60,428 60,428
Revaluation reserves 240,745 244,969 385,808 385,808
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
301,173 305,397 446,236 446,236
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
Capital reserves:
- Capital reserves arising on consolidation 325 325 – –
- Merger deficit (41,625) (41,625) – –
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
(41,300) (41,300) – –
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
Treasury shares (Note 26) (449) (374) (449) (374)
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
259,424 263,723 445,787 445,862
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
Distributable
Retained earnings 195,841 183,334 56,310 56,029
Revaluation reserves* 58,790 54,566 15,256 15,256
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
254,631 237,900 71,566 71,285
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
514,055 501,623 517,353 517,147
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The Company has sufficient Section 108 tax credits and tax-exempt income under Malaysian Income Tax Act, 1967 to frank all of
its retained earnings as at 31 December 2005, if paid out as dividends, without incurring additional tax liabilities.
*This represents the accumulated revaluation reserves which have already been realised.
28 SIGNIFICANT RELATED PARTY TRANSACTIONS
In addition to the related party disclosures mentioned elsewhere in the financial statements, set out below are other significant
related party transactions.
The transactions set out below have been entered into in the normal course of business and have been established under terms
mutually agreed upon by the parties and which are not materially different from those obtainable in transactions with nonrelated
parties.
Group
Transactions Company 2005 2004
RM’000 RM’000
Transactions with a corporate shareholder
Rental of premises paid and payable Tradewinds Corporation Berhad 497 609
Procurement of hotel accommodation
and meals paid and payable
Tradewinds Corporation Berhad 60 32
Transactions with a subsidiary
company of a corporate shareholder,
Chee Tat Holdings (S) Pte Ltd
Rental income received Chee Tat Holdings (M) Sdn Bhd 12 12
UNITED MALAYAN LAND BHD