Notes to the Financial Statements
31 December 2015
27.
Share capital
The holders of ordinary shares are entitled to receive dividends as and when declared by the Company.
All ordinary shares carry one vote per share without restriction. The ordinary shares have no par value.
28.
Capital reserve
Capital reserve records the costs of share-based payments, in the form of 4,000,000 shares transferred from
the former shareholders to certain selected employees of the Group as consideration for their services received,
which is measured by reference to the fair value of the shares at the grant date.
29.
Fair value adjustment reserve
)DLU YDOXH DGMXVWPHQW UHVHUYH UHFRUGV WKH FXPXODWLYH IDLU YDOXH FKDQJHV QHW RI WD[ RI DYDLODEOH IRU VDOH ȴQDQFLDO
assets until they are disposed of or impaired.
0HUJHU GHȴFLW
The merger deficit records the difference between the purchase consideration and the share capital of a
subsidiary acquired from an entity under common control.
Group and Company
2015
2014
2015
2014
No. of
shares
No. of
shares
S$’000
S$’000
S$’000
S$’000
Issued and fully paid ordinary shares
At 1 January and 31 December
509,979
58,956 509,979
58,956
Group
2015
2014
S$’000
S$’000
At 1 January
ȫ
(12)
Net (loss)/gain on fair value changes of available-for-sale
ȴQDQFLDO DVVHWV GXULQJ WKH \HDU
(41)
12
At 31 December
(41)
–
HOCK LIAN SENG HOLDINGS LIMITED
78
