Sample Disclosure – Note On Special Reserve (18 November 2009)


During the financial year ended 30 June 2000, the Company was successful in obtaining court approval to reduce its share premium account by RM15,000,000 and for such amount to be transferred to a Special Reserve Account and thereon to set off against its purchased goodwill and goodwill on consolidation of RM8,000,000 and RM2,000,000 respectively at that point in time.

The balance of the Special Reserve of RM5,00,000 is adjusted to the accumulated losses of the Company during the financial year as all the subsidiaries related to the goodwill on consolidation as mentioned above had been disposed off during the financial year.

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