/ Financial Statements
26. Share capital 2011
2010
Par value per share (in Baht)
Number
Baht
1
29,000
29,000
29,000
29,000
1
29,000
29,000
29,000
29,000
1
25,110
25,110
25,110
25,110
1
25,110
25,110
25,110
25,110
Number Baht (million shares / million Baht)
Authorised At 1 January - ordinary shares At 31 December - ordinary shares Issued and paid-up At 1 January - ordinary shares At 31 December - ordinary shares
The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company. In respect of the Company’s shares that are held by the Group all rights are suspended until those shares are reissued. Share premium Section 51 of the Public Companies Act B.E. 2535 requires companies to set aside share subscription monies received in excess of the par value of the shares issued to a reserve account (“share premium”). Share premium is not available for dividend distribution.
27. Reserves Reserves comprise: Appropriations of profit and/or retained earnings Legal reserve Section 116 of the Public Companies Act B.E. 2535 Section 116 requires that a public company shall allocate not less than 5% of its annual net profit, less any accumulated losses brought forward, to a reserve account (“legal reserve”), until this account reaches an amount not less than 10% of the registered authorised capital. The legal reserve is not available for dividend distribution. Other components of equity Currency translation differences The currency translation differences account within equity comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. Fair value changes in available-for-sale investments The fair value changes in available-for-sale investments account within equity comprises the cumulative net change in the fair value of available-for-sale investments until the investments are derecognised or impaired. / 192