FGV Annual Report 2012

93 F i n a n c i a l S t a t e m e n t s 2 0 1 2 P e n y a t a K e w a n g a n 33 SHARE CAPITAL Group and Company 2012 2011 RM’000 RM’000 Authorised share capital: (a) Ordinary shares of RM1 per share At 1 January 2,000,000 2,000,000 Conversion from RCPS/RCCPS 12,500 – Created during the year 1,987,500 – At 31 December 4,000,000 2,000,000 (b) RCPS/RCCPS of RM0.01 per share At 1 January 12,500 12,500 Conversion to ordinary shares (12,500) – At 31 December (Note 34) – 12,500 (c) Special shares of RM1 per share At 1 January – – Created during the year * – At 31 December * – Total as at 31 December 4,000,000 2,012,500 Issued and fully paid share capital: Ordinary shares of RM1 per share At 1 January 1,767,612 1,767,612 Issuance via conversion of 329,949,500 RCPS (Note 34) 329,950 – Issuance via conversion of 570,590,000 RCCPS (Note 34) 570,590 – 900,540 – Issuance of 980,000,000 shares pursuant to the Initial Public Offering (“IPO”) 980,000 – At 31 December 3,648,152 1,767,612 Special share of RM1 per share At 1 January – – Issuance of special share * – At 31 December * – * RM1 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. All ordinary shares rank equally with regard to the Company’s residual assets.