Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
ANNUAL REPORT 2016
DRIVING IT UP
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29.
Share capital
Group and Company
Number of
shares
2016
Share
capital
2016
Number of
shares
2015
Share
capital
2015
’000
$’000
’000
$’000
Issued and fully paid:
At beginning and end of financial year
235,586
35,722
235,586
35,722
The holders of the ordinary shares are entitled to receive dividends as and when declared by the Company.
Each ordinary share carries one vote without restriction. The ordinary shares have no par value.
There are no unissued shares under share options as at 30 April 2016 (2015: 750,000 with exercise price of
$0.43 per share). All share options have expired on 16 August 2015 and no share options were outstanding
as at 30 April 2016. The details of the share options are discussed in Note 7.
The holders of the share options have no right to participate by virtue of these options in any share issue
of any other company in the Group.
30.
Reserves – Group and Company
(a)
Capital reserve
Capital reserve represents proceeds from issuance of warrants and non-distributable amounts set
aside in compliance with local laws of certain overseas subsidiary company.
(b)
Employee share option reserve
Employee share option reserve represents the fair value of equity-settled share options granted to
employees (Note 7). The reserve is made up of the accumulated value of services received from
employees recorded on grant of equity-settled share options.
(c)
Revenue reserve
This represents the accumulated profits less distributions made to the shareholders of the Company.
(d)
Foreign currency translation reserve
This comprises foreign exchange differences arising from the translation of the financial statements
of overseas subsidiary, associated and joint venture companies and from the translation of long-term
inter-company advances which are effectively part of net investments in the subsidiary companies.
