Bursa Malaysia • Annual Report 2013
145
Financial Reports
25. Other reserves (cont’d.)
(a) Capital reserve
Capital reserve is in relation to share premium in Bursa Malaysia Derivatives, which arises from “B” and “C” non-cumulative preference shares of
RM1.00 each in Bursa Malaysia Derivatives. The composition of share premium in Bursa Malaysia Derivatives is as follows:
Financial
year of
issue
Type of preference shares
No. of
shares
issued
Share
premium
RM’000
2001
“B” preference shares
16
8,000
2001
“C” preference shares
15
3,000
2002
“C” preference shares
6
1,200
2003
“C” preference shares
1
200
2006
“C” preference shares
1
200
2007
“B” preference shares
1
500
2007
“C” preference shares
2
400
2008
“C” preference shares
1
200
2010
“C” preference shares
1
200
2013
“C” preference shares
1
200
14,100
The share premium arising from the above issues are not refundable to the preference shareholders and thus are treated as a non-distributable capital
reserve. The “B” and “C” preference shares have been accounted for as part of the Group’s non-controlling interest.
During the financial year, Bursa Malaysia Derivatives proposed the revamp of its participantship structure. Further details of the revamp is disclosed in
Note 41.
(b) Capital redemption reserve
The capital redemption reserve relates to the capitalisation of retained earnings arising from the redemption of preference shares by the following
subsidiaries:
Group
2013
2012
RM’000
RM’000
Bursa Malaysia Depository
5,000
5,000
Bursa Malaysia Securities
250
250
5,250
5,250
The capital redemption reserve is non-distributable in the form of dividends but may be applied in paying up unissued shares of the subsidiaries to be
issued to the shareholder of the subsidiaries as fully paid bonus shares.
Notes to the Financial Statements
31 December 2013
