Affin Bank Berhad | Annual Report 2020

234 ORGANISATION EXECUTIVE SUMMARY CORPORATE GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION Attributable to Equity Holders of the Bank FVOCI Foreign Stock Total Non- Share revaluation Regulatory exchange option Other Retained shareholders’ controlling Total Note capital reserves reserves reserves reserves* reserves^ profits equity interest equity The Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At 1 January 2019 4,684,752 110,371 939,055 593 8,328 - 2,928,584 8,671,683 69,553 8,741,236 Net profit for the financial year - - - - - - 487,766 487,766 28,325 516,091 Other comprehensive income (net of tax) - Financial investments at FVOCI - 124,243 - - - - - 124,243 - 124,243 - Share of other comprehensive income of a joint venture - 2,422 - - - - - 2,422 - 2,422 - Share of other comprehensive income of an associate - 10,376 - - - - - 10,376 - 10,376 - Exchange differences on translation of foreign operations - - - (458) - - - (458) (269) (727) Total comprehensive income - 137,041 - (458) - - 487,766 624,349 28,056 652,405 Issuance of new shares 33 90,020 - - - - - - 90,020 - 90,020 Net loss on disposal of financial investment designated at FVOCI (equity instruments) - 3,249 - - - - (3,249) - - - Issuance of new shares from exercise of employee stock - option incentive scheme ** 55 - - - - (8,328) - 20,456 12,128 32,646 44,774 Obligation to buy subsidiary’s shares from non-controlling interest 30 - - - - - (61,010) - (61,010) (35,831) (96,841) Transfer from regulatory reserves - - (206,516) - - - 206,516 - - - Dividends 49 - - - - - - - - (35,001) (35,001) At 31 December 2019 4,774,772 250,661 732,539 135 - (61,010) 3,640,073 9,337,170 59,423 9,396,593 ^ Other reserves represents corresponding debts arising from Group’s obligation to purchase subsidiaries’ shares held by non-controlling interest as discussed in Note 30 (c) (i) and (ii) of the financial statements. * The stock option reserves represents the fair value of the options of a subsidiary’s employee stock option incentive scheme. ** On 8 March 2020, the options holders have fully exercised the employee stock option incentive scheme. STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 The accounting policies and notes form an integral part of these financial statements.