FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 276 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 40 REORGANISATION RESERVE The reorganisation reserve represents the difference between the fair value of the purchase consideration and carrying value of the net assets acquired arising from the acquisition of plantation estates. 41 OTHER RESERVES Group Available-for- sale-reserve RM'000 Capital redemption reserve RM'000 LTIP reserve RM'000 Cash flow hedge reserve RM'000 Total RM'000 2017 At 1 January 2017 4,267 10,052 429 - 14,748 Transition to par value regime on 31 January 2017 under Companies Act 2016 - (10,052) - - (10,052) Fair value changes (7,609) - - - (7,609) Transfer of reserve on derecognition of available-for- sale financial assets (2,893) - - - (2,893) Cash flow hedges - - - 366 366 Employee share grant - - 8,579 - 8,579 Transfer from treasury shares - - (8,592) - (8,592) At 31 December 2017 (6,235) - 416 366 (5,453) 2016 At 1 January 2016 8,885 10,052 - - 18,937 Fair value charge (4,618) - - - (4,618) Employee share grant - - 429 - 429 At 31 December 2016 4,267 10,052 429 - 14,748