Page 99 - HRC_Annual_Report_2023

Financial Reports &
Governance HENGYUAN REFINING COMPANY BERHAD l ANNUAL REPORT 2023 97
Other Information

STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Issued and fully paid
ordinary shares Non-distributable Distributable
Number Cash flow Cost of Exchange
of Share hedge hedging translation Retained Total
Note shares capital reserve reserve reserve earnings equity
’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
At 1 January 2023 300,000 300,000 (629,118) (1,156) (128,888) 1,832,959 1,373,797
Net loss for the
financial year - - - - - (488,570) (488,570)
Other comprehensive
income/(expenses)
for the financial year - - 531,923 (14,584) - - 517,339
Total comprehensive
income/(expenses)
for the financial year - - 531,923 (14,584) - (488,570) 28,769

At 31 December 2023 300,000 300,000 (97,195) (15,740) (128,888) 1,344,389 1,402,566

At 1 January 2022 300,000 300,000 (77,063) (62,678) (128,888) 2,020,599 2,051,970
Net loss for the
financial year - - - - - (157,640) (157,640)
Other comprehensive
(expenses)/income
for the financial year - - (552,055) 61,522 - - (490,533)
Total comprehensive
(expenses)/income
for the financial year - - (552,055) 61,522 - (157,640) (648,173)

Transaction with owners:
Dividends paid 35 - - - - - (30,000) (30,000)
Total transaction with
owners - - - - - (30,000) (30,000)
At 31 December 2022 300,000 300,000 (629,118) (1,156) (128,888) 1,832,959 1,373,797

The accompanying notes to the financial statements form an integral part of these financial statements.