Section 7

The statutory reserve may only be applied by the operating company in paying up unissued shares of the company to be allotted to members of the company as fully-paid bonus shares.

For the purposes of any statutory accounts of the operating company the value of any asset or right or the amount of any liability of the Government of Malaysia taken to have been vested in the company by virtue of section 3 in any particular year shall be taken to be the value or, as the case may be, the amount assigned to that asset,

Airport and Aviation Services (Operating Company) 11

right or liability by the Government of Malaysia before the vesting date.

References in this section to the statutory accounts of the operating company are references to any accounts prepared by the operating company for the purposes of any provision of the

Companies Act 1965.