DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
|
Annual Report
2015
108
16. Capital and reserves (cont’d)
16.3 Bonus issue
The Company has effected on the 13 January 2014, a bonus issue of 274,999,935 ordinary shares of
RM0.50 each on the basis of one bonus share for every two existing ordinary shares of RM0.50 each
held in the Company via capitalisation of the Company’s share premium and retained earning
accounts. The bonus issue was completed on 30 January 2015.
16.4 Private placement
On 1 October 2014, the Group has issued 52,100,000 new ordinary shares of RM0.50 each at an issue
price of RM3.37 per placement share, representing the first tranche of the private placement. The
Company has no further intention of completing the placement for the remaining 30,339,993 shares.
Accordingly, the private placements deemed completed.
16.5 Other reserves
Other reserves comprises translation reserve and cash flow reserve. The foreign currency translation
reserve arose from the translation of the financial statements of foreign subsidiaries, whilst cash flow
hedge reserve comprises the effective portion of the gains and losses on the hedging instrument
deemed effective in a cash flow hedge.
17. Loans and borrowings
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Non-current
Term loans
- secured
1,042,044,974 69,004,473 629,391,000
-
Finance lease liabilities
- secured
275,535,800
-
-
-
1,317,580,774 69,004,473 629,391,000
-
Current
Revolving credits
- unsecured
70,000,000 70,000,000
-
-
Term loans
- secured
389,756,704 14,865,090 45,000,000
-
Finance lease liabilities
- secured
27,853,694
-
-
-
487,610,398 84,865,090 45,000,000
-
Total
1,805,191,172 153,869,563 674,391,000
-
Notes to the
Financial Statements
(cont’d)
