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Prima Bhd is currently one of the worlds leading integrated producer of tin metal and tin-based products and a global leader in custom tin smelting. The existing custom smelting facility in Butterworth is one of the worlds largest and, since its inception in 1902, has been supplying the world with the MSC Straits Refined tin brand which is registered at LME (London Metal Exchange) and KLTM (Kuala Lumpur Tin Market). The brand is accepted worldwide and has purity ranging from the standard Grade A to the premium grade electrolytic tin. In 2018, Prima Bhd produced 27,085 tonnes of tin metal thus sustaining its global position as the third largest supplier of tin metal.

With its unsurpassed global reputation and stature built on experience, trust and integrity from its custom smelting business, Prima Bhd has now become a fully integrated tin producer with its acquisition of Rahman Hydraulic Tin Sdn. Bhd. in November 2004. Prima Bhd is currently refurbishing an ISASMELT furnace located in Port Klang to carry out custom tin smelting. The ISASMELT furnace which uses the revolutionary TSL (Top Submerged Lance) technology will replace the reverberatory furnaces and will herald a new era and add a new dimension to the companys smelting technology. The ISASMELT furnace has a high intrinsic smelting capacity coupled with a lower unit smelting cost which will give the Group a competitive edge in its feed materials sourcing activity.

The companys niche expertise in tin is continually being strengthened in all areas over the entire global tin supply chain covering geology, mining, mineral processing, smelting and marketing. Prima Bhd will pursue its growth strategy on its core business in tin through strategic acquisitions and organic growth where its core expertise can add value particularly in increasing operating efficiencies, innovating products and services to ensure its continued leadership position in the industry.

Presented below are the Statement of Profit or Loss and Other Comprehensive Income and Statement of Financial Position for Prima Bhd as at 31 December 2018.

Selected notes to the financial statements:

Presented below are the beginning balances of equity items of Prima Bhd.

During the financial year 2018, the following equity transactions occurred (other than the above information):

-The revaluation of certain properties of the company gives a net revaluation surplus of RM32,800,000. The said properties after the revaluation was then reclassified from property, plant and equipment to land held for development and the revaluation reserves amounting to RM62,405,000 were eliminated and transferred to retained earnings.

-The foreign currency translation reserves decrease by RM258,000 and FVOCI decrease by RM5,599,000.

1. Based on Prima Bhds financial statements, answer the following:

1. What are the key components/accounts reported in the equity section of the companys statement of financial position?
2. Classify each item in reserves as distributable and non-distributable reserves.
3. How many ordinary shares have been issued (as at 31 December 2018)?
4. What is the total amount of issued and fully paid capital?
5. What is the total amount of the dividends paid to the shareholders in financial year 2018?

STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 Note Group 2018 2017 RM'000 RM'000 1,280,906 1,436,177 Company 2018 2017 RM'000 RM'000 1,280,905 1,436,172 Revenue 4 5 Other items of income Dividend income Interest income Other income 6 1,023 14,421 1,659 8,221 65,349 2,510 11,012 54,459 2,415 7,418 7 8 8 (1,132,466) (15,426) (2,001) (56, 189) (1,318,726) (13,042) (1,957) (56,880) (1,201,330) (5,310) (3) (34,307) (1,396,040) (4,270) (3) (37,248) 8 9 10 11 Expenses Costs of tin mining and smelting Depreciation expense Amortisation expenses Employee benefits expense Reversal of impairment losses/ (Impairment losses) Finance costs Other expenses Total expenses Share of results of associates and joint ventures Profit before tax Income tax (expense)/credit Profit net of tax 2,721 (18,158) (25,356) (14,539) (13,697) (5,267) (1,471,064) 12 129 13,813 (14,718) (18,250) (11,519) (10,927) (1,416,713) (1,256,314) (1,246,875) 304 w 00 (1,109) 28,235 (12,131) 16,104 49,779 (15,485) 34,294 13 103,462 (2,443) 101,019 29,400 910 30,310 Attributable to: Owners of the Company Non-controlling interests 101,019 30,310 34,297 (3) 16,105 (1) 34,294 16,104 101,019 30,310 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 Group 2018 2017 RM'000 RM'000 Company 2018 2017 RM'000 RM'000 Note 56,666 34,751 16 17 159,309 740 Assets Non-current assets Property, plant and equipment Prepaid land lease payments Land held for development Intangible assets Investment in subsidiaries Investments in associates and joint ventures Investment securities Other non-current assets Deferred tax assets 109,619 485 78,654 5,014 18 5,942 19 20 21 22 23 201 148,681 18,666 14,505 204 148,681 18,666 21,205 35,144 14,505 14,041 11,853 34,568 21,205 14,445 7,227 243,436 24 140 269,315 238,719 223,647 Current assets Inventories Trade receivables Other receivables Trade prepayments Other prepayments Tax recoverable Derivative financial instruments Cash, bank balances and deposits 25 26 27 28 464, 162 21,325 7,734 18,969 1,531 17,566 561 37,033 469,677 11,436 9,345 49,694 2,465 19,312 375 68,678 466,080 21,324 27,473 18,969 1,373 17,565 561 18,017 571,362 4,663 576,025 469,731 11,435 23,859 49,694 2,342 18,509 375 58,795 29 30 630,982 634,740 568,881 4,663 Non-current assets classified as held for sale 31 573,544 630,982 634,740 Total assets 842,859 874,418 814,744 858,387 STATEMENTS OF FINANCIAL POSITION (CONT'D) AS AT 31 DECEMBER 2018 Group 2018 Company 2018 2017 RM'000 RM'000 2017 RM'000 Note RM'000 Equity and liabilities Current liabilities Provisions 32 33 2,744 243,838 166,343 1,662 12,315 452,781 86,517 243,838 177,387 9,635 403,617 141,519 Borrowings Trade and other payables Current tax payable Derivative financial instruments 34 51 29 2,458 554,122 414,587 421,225 554,771 Liabilities directly associated with non-current assets classified as held for sale 31 63 63 414,650 554,122 421,288 554,771 Net current assets 158,894 76,860 154,737 79,969 26,165 Non-current liabilities Provisions Deferred tax liabilities Borrowings Derivative financial instruments 32 24 27,904 1,343 4,278 285 33 49,177 303 29 79,923 29,247 285 Total liabilities 494,573 583,369 421,573 554,771 Net assets 348,286 291,049 393,171 303,616 35 200,000 174,666 200,000 174,666 35 Equity attributable to owners of the Company Share capital Share premium Other reserves Retained earnings Reserves of non-current assets classified as held for sale 36 6,177 139,807 43,651 72,439 (793) 191,952 11,962 116,988 31 2,012 2,012 347,996 290 393,171 303,616 290,756 293 Non-controlling interests Total equity Total equity and liabilities 348,286 291,049 393,171 303,616 842,859 874,418 814,744 858,387 35. Share capital and share premium Number of ordinary shares Amount Share Share capital (issued capital (issued and fully paid) and fully paid) '000 RM'000 Total share capital and share premium RM'000 Share premium RM'000 Group 174,666 174,666 100,000 100,000 At 1 January 2018 Split shares Issuance of ordinary shares pursuant to bonus issue At 31 December 2018 25,334 200,000 400,000 25,334 200,000 200,000 36. Other reserves (non-distributable) The nature and purpose of each category of reserve are as follows: (a) Revaluation reserves The account records increases in the fair value of land and buildings and decreases to the extent that such decrease relates to an increase on the same asset previously recognised in equity, net of tax. (b) Foreign currency translation reserves The account records the exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group's presentation currency. It also records the exchange differences arising from monetary items which form part of the Group's net investment in foreign operations, regardless of the currency of the monetary item. The account records the cumulative fair value changes of investment securities until they are derecognised or impaired. (c) Fair value through other comprehensive income ("FVOCI") reserves The account records the cumulative fair value changes of investment securities until they are derecognised. (d) Hedging reserves The account records the effective portion of the cash flow hedge relationships incurred at the reporting date. Also recorded herein as a separate component, is the effective portion of the gain or loss on hedging instruments in cash flow hedges. 15. Dividends 2018 RM'000 Net dividend per ordinary share 2018 2017 sen 2017 RM'000 sen 8,000 8 Final single-tier dividend of RM0.08 per share on 100,000,000 ordinary shares, for the year ended 31 December 2016, declared on 21 April 2017 and paid on 11 July 2017 First and final single-tier dividend of RM0.04 per share on 100,000,000 ordinary shares, for the year ended 31 December 2017, declared on 30 May 2018 and paid on 9 July 2018 4 4,000 4,000 8,000 4 8 Subject to the approval of the members at the forthcoming Annual General Meeting of the Company, the directors recommend the payment of a first and final single-tier dividend of RM0.02 per share amounting to RM8,000,000 for the financial year ended 31 December 2018. The financial statements for the financial year ended 31 December 2018 do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in shareholders' equity as an appropriation of retained earnings in the financial year ending 31 December 2019. Foreign currency Share Share Revaluation translation PVOCI Hedging Other capital premium reserves reserves reserves reserves reserve RM000 RMOOO RM 000 RM 000 RM 000 RMOOO RM200 Retained earnings RM'000 174,666 37,186 1,273 3,486 1,706 72,439 STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 Note Group 2018 2017 RM'000 RM'000 1,280,906 1,436,177 Company 2018 2017 RM'000 RM'000 1,280,905 1,436,172 Revenue 4 5 Other items of income Dividend income Interest income Other income 6 1,023 14,421 1,659 8,221 65,349 2,510 11,012 54,459 2,415 7,418 7 8 8 (1,132,466) (15,426) (2,001) (56, 189) (1,318,726) (13,042) (1,957) (56,880) (1,201,330) (5,310) (3) (34,307) (1,396,040) (4,270) (3) (37,248) 8 9 10 11 Expenses Costs of tin mining and smelting Depreciation expense Amortisation expenses Employee benefits expense Reversal of impairment losses/ (Impairment losses) Finance costs Other expenses Total expenses Share of results of associates and joint ventures Profit before tax Income tax (expense)/credit Profit net of tax 2,721 (18,158) (25,356) (14,539) (13,697) (5,267) (1,471,064) 12 129 13,813 (14,718) (18,250) (11,519) (10,927) (1,416,713) (1,256,314) (1,246,875) 304 w 00 (1,109) 28,235 (12,131) 16,104 49,779 (15,485) 34,294 13 103,462 (2,443) 101,019 29,400 910 30,310 Attributable to: Owners of the Company Non-controlling interests 101,019 30,310 34,297 (3) 16,105 (1) 34,294 16,104 101,019 30,310 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 Group 2018 2017 RM'000 RM'000 Company 2018 2017 RM'000 RM'000 Note 56,666 34,751 16 17 159,309 740 Assets Non-current assets Property, plant and equipment Prepaid land lease payments Land held for development Intangible assets Investment in subsidiaries Investments in associates and joint ventures Investment securities Other non-current assets Deferred tax assets 109,619 485 78,654 5,014 18 5,942 19 20 21 22 23 201 148,681 18,666 14,505 204 148,681 18,666 21,205 35,144 14,505 14,041 11,853 34,568 21,205 14,445 7,227 243,436 24 140 269,315 238,719 223,647 Current assets Inventories Trade receivables Other receivables Trade prepayments Other prepayments Tax recoverable Derivative financial instruments Cash, bank balances and deposits 25 26 27 28 464, 162 21,325 7,734 18,969 1,531 17,566 561 37,033 469,677 11,436 9,345 49,694 2,465 19,312 375 68,678 466,080 21,324 27,473 18,969 1,373 17,565 561 18,017 571,362 4,663 576,025 469,731 11,435 23,859 49,694 2,342 18,509 375 58,795 29 30 630,982 634,740 568,881 4,663 Non-current assets classified as held for sale 31 573,544 630,982 634,740 Total assets 842,859 874,418 814,744 858,387 STATEMENTS OF FINANCIAL POSITION (CONT'D) AS AT 31 DECEMBER 2018 Group 2018 Company 2018 2017 RM'000 RM'000 2017 RM'000 Note RM'000 Equity and liabilities Current liabilities Provisions 32 33 2,744 243,838 166,343 1,662 12,315 452,781 86,517 243,838 177,387 9,635 403,617 141,519 Borrowings Trade and other payables Current tax payable Derivative financial instruments 34 51 29 2,458 554,122 414,587 421,225 554,771 Liabilities directly associated with non-current assets classified as held for sale 31 63 63 414,650 554,122 421,288 554,771 Net current assets 158,894 76,860 154,737 79,969 26,165 Non-current liabilities Provisions Deferred tax liabilities Borrowings Derivative financial instruments 32 24 27,904 1,343 4,278 285 33 49,177 303 29 79,923 29,247 285 Total liabilities 494,573 583,369 421,573 554,771 Net assets 348,286 291,049 393,171 303,616 35 200,000 174,666 200,000 174,666 35 Equity attributable to owners of the Company Share capital Share premium Other reserves Retained earnings Reserves of non-current assets classified as held for sale 36 6,177 139,807 43,651 72,439 (793) 191,952 11,962 116,988 31 2,012 2,012 347,996 290 393,171 303,616 290,756 293 Non-controlling interests Total equity Total equity and liabilities 348,286 291,049 393,171 303,616 842,859 874,418 814,744 858,387 35. Share capital and share premium Number of ordinary shares Amount Share Share capital (issued capital (issued and fully paid) and fully paid) '000 RM'000 Total share capital and share premium RM'000 Share premium RM'000 Group 174,666 174,666 100,000 100,000 At 1 January 2018 Split shares Issuance of ordinary shares pursuant to bonus issue At 31 December 2018 25,334 200,000 400,000 25,334 200,000 200,000 36. Other reserves (non-distributable) The nature and purpose of each category of reserve are as follows: (a) Revaluation reserves The account records increases in the fair value of land and buildings and decreases to the extent that such decrease relates to an increase on the same asset previously recognised in equity, net of tax. (b) Foreign currency translation reserves The account records the exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group's presentation currency. It also records the exchange differences arising from monetary items which form part of the Group's net investment in foreign operations, regardless of the currency of the monetary item. The account records the cumulative fair value changes of investment securities until they are derecognised or impaired. (c) Fair value through other comprehensive income ("FVOCI") reserves The account records the cumulative fair value changes of investment securities until they are derecognised. (d) Hedging reserves The account records the effective portion of the cash flow hedge relationships incurred at the reporting date. Also recorded herein as a separate component, is the effective portion of the gain or loss on hedging instruments in cash flow hedges. 15. Dividends 2018 RM'000 Net dividend per ordinary share 2018 2017 sen 2017 RM'000 sen 8,000 8 Final single-tier dividend of RM0.08 per share on 100,000,000 ordinary shares, for the year ended 31 December 2016, declared on 21 April 2017 and paid on 11 July 2017 First and final single-tier dividend of RM0.04 per share on 100,000,000 ordinary shares, for the year ended 31 December 2017, declared on 30 May 2018 and paid on 9 July 2018 4 4,000 4,000 8,000 4 8 Subject to the approval of the members at the forthcoming Annual General Meeting of the Company, the directors recommend the payment of a first and final single-tier dividend of RM0.02 per share amounting to RM8,000,000 for the financial year ended 31 December 2018. The financial statements for the financial year ended 31 December 2018 do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in shareholders' equity as an appropriation of retained earnings in the financial year ending 31 December 2019. Foreign currency Share Share Revaluation translation PVOCI Hedging Other capital premium reserves reserves reserves reserves reserve RM000 RMOOO RM 000 RM 000 RM 000 RMOOO RM200 Retained earnings RM'000 174,666 37,186 1,273 3,486 1,706 72,439

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