notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
29 OTHER RESERVES
Exchange
translation
reserves
Available-
for-sale
reserve
RM’000
RM’000
Group
2014
At 1 January
11,705
16
Fair value loss
-
(9)
Foreign currency translation differences for foreign operations
7,778
-
At 31 December
19,483
7
2013
At 1 January
(1,561)
54
Fair value gain
-
2
Transfer to profit or loss upon disposal
-
(40)
Disposal of a subsidiary that did not result in a loss of control
51
-
Foreign currency translation differences for foreign operations
13,215
-
At 31 December
11,705
16
30 WARRANTS RESERVE
Group and Company
2014
2013
RM’000
RM’000
At 1 January
-
25,786
Warrants exercised and expiry of unexercised warrants
-
(25,786)
At 31 December
-
-
The Warrants 2008/2013 were constituted by a Deed Poll dated 18 February 2008.
On 26 March 2008, the Company allotted the rights issue of 90,641,547 new ordinary shares at an issue price of RM2.23 per share (“Rights Shares”), together with
135,962,320 warrants to the holders of the ordinary shares and ICULS on the basis of:
a)
two (2) Rights Shares and three (3) free detachable warrants for every twelve (12) existing ordinary shares held; and
b)
two (2) Rights Shares and three (3) free detachable warrants for every six (6) existing ICULS held.
136
Wah Seong Corporation Berhad • Annual Report 2014
