Events 2005 - ChartNexus

Notes to the Financial Statements 31 December 2005
21. RESERVES
Group Company
2005 2004 2005 2004
RM’000 RM’000 RM’000 RM’000
Non-distributable
Share premium 301,522 127,812 301,522 127,812
Capital reserve – – 1,722 1,722
Foreign exchange reserve 14,680 19,626 – –
316,202 147,438 303,244 129,534
Distributable
Retained profits 433,853 385,564 433,636 375,297
750,055 533,002 736,880 504,831
The Company’s capital reserve represents the surplus on revaluation of certain long leasehold land and buildings in 1983.
Subject to the agreement from the Malaysian Inland Revenue Board, the Company has sufficient tax credit under Section 108 of
the Malaysian Income Tax Act, 1967 and tax exempt account balance to frank its entire retained profits in full by way of dividend
without incurring additional tax liability.
22. MEDIUM TERM NOTES
The Company issued RM150 million and RM100 million nominal value of Medium Term Notes with fixed interest rate of 5.5% and
5.7% respectively. The notes have a tenure of 5 years from the date of first issuance. The maturity date for the notes of RM150
million and RM100 million is on 26 February 2010 and 27 August 2010 respectively.
23. DEFERRED TAX LIABILITIES
(a) The deferred tax liabilities are made up of the following:
Group Company
2005 2004 2005 2004
RM’000 RM’000 RM’000 RM’000
At beginning of financial year 36,277 32,365 34,522 30,452
Recognised in the income statements (Note 26) 22,310 3,872 22,632 4,070
Exchange adjustment (59) 40 – –
At end of financial year 58,528 36,277 57,154 34,522
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