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CHAIRMAN’S           DELIVERING            MSM           MANAGEMENT DISCUSSION    GROUP FINANCIAL
                  STATEMENT             VALUE               OVERVIEW            & ANALYSIS            REPORT


           COMPANY STATEMENT OF

           CHANGES IN EQUITY

           FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020



                                                                    Non-distributable
                                                                         Merger   Cash flow
                                                               Share       relief    hedge
                                                              capital    reserve    reserve  Accumulated
                                                            (Note 30)   (Note 31)   (Note 31)     losses     Total
           Company                                           RM’000      RM’000     RM’000      RM’000     RM’000
           2020

           At 1 January 2020                                 718,255   1,733,939     (4,968)   (772,240)  1,674,986
           Profit for the financial year                           -           -          -      47,318     47,318
     138
           Other comprehensive (loss)/income
             for the financial year, net of tax:
       MSM MALAYSIA HOLDINGS BERHAD   Annual Report 2020
           Item that will be subsequently
             reclassified to profit or loss
               - cash flow hedges                                  -           -     (4,241)          -     (4,241)

           Total comprehensive (loss)/income
             for the financial year                                -           -     (4,241)     47,318     43,077

           At 31 December 2020                               718,255   1,733,939     (9,209)   (724,922)  1,718,063


           2019
           At 1 January 2019                                 718,255   1,733,939        561    (413,584)  2,039,171
           Loss for the financial year                             -           -          -    (358,656)   (358,656)
           Other comprehensive loss
             for the financial year, net of tax:
           Item that will be subsequently
             reclassified to profit or loss
               - cash flow hedges                                  -           -      (5,529)         -     (5,529)
           Total comprehensive loss
             for the financial year                                -           -      (5,529)   (358,656)   (364,185)

           At 31 December 2019                               718,255   1,733,939      (4,968)   (772,240)   1,674,986
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