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Reports and Financials

Home >>  Investor Relations >> Annual Reports >> 2005

Consolidated Statement of Changes in Shareholders' Equity
Year ended December 31, 2005

Attributable to shareholders of the parent

  Share capital
US$ 000		 Share Premium
US$ 000		 Treasury shares
US$ 000		 Statutory reserve
US$ 000		 General reserve
US$ 000		 Fair value reserve
US$ 000		 Foreign currency translation reserve
US$ 000		 Retained earnings
US$ 000		 Total
US$ 000		 Minority interest
US$ 000		 Total equity
US$ 000
Balance at January 2004 200,000   -13,999 24,103 4,588 6,676 6,362 32,542 260,272 55,433 315,705
Net movement in cumulative changes in fair values -   - - - 3,034 - - 3,034 - 3,034
Directors remuneration paid - - - - - - - -265 -265 - -265
Donations paid to charities - - - - - - - -250 -250 - -250
Foreign currency translation adjustment - - - - - - 358 - 358 - 358
Net income recognised directly in equity - - - - - 3,034 358 -515 2,877 - 2,877
Income for the year - - - - - - - 43,313 43,313 9,058 52,371
Total recognised income and expense for the year - - - - - 3,034 358 42,798 46,190 9,058 55,248
Transfers during the year - - - 4,331 4,331 - - -8,662 - - -
Other movements in minority interests - - - - - - - - - -13,723 -13,723
Divedens - - - - - - - -26,741 -26,741 - -26,741
Balance at 1 January 2005 200,000 - -13,999 28,434 8,919 9,710 6,720 39,937 279,721 50,768 330,489
Net movement in cumulative changes in fair values - - - - - - 29,470 - - - 29,470
Directors remuneration paid - - - - - - - -244 -244 - -244
Donations paid to charities - - - - - - - -325 -325 - -325
Negative goodwill adjustments on adoption of IFRS3 - - - - - - - 1,079 1,079 - 1,079
Other movements in equity of subsidiaries and associated companies - - - - - - - 7,654 7,654 - 7,654
Foreign currency translation adjustment - - - - - - 2,618 - 2,618 - 2,618
Net income recognised directly in equity - - - - - 29,470 2,618 8,164 40,252 - 40,252
Income for the year - - - - - - - 81,003 81,003 26,565 107,568
Other movements in minority interests - - - - - - - - - 18,470 18,470
Total recognised income and expense for the year - - - - - 29,470 2,618 89,167 121,255 45,035 166,290
Sale of treasury shares - - 1,947 - - - - 1,280 3,227 - 3,227
Shares issued 114 673 - - - - - - 787 - 787
Dividends - - - - - - - -28,652 -28,652 - -28,652
Balance at 31 December 2005 200,114 673 -12,052 28,434 8,919 39,180 9,338 101,732 376,338 95,803 472,141

Retained earnings at 31 December 2005 include non-distributable reserves amounting to US$ 1.28 million (31 December 2004: US$ 11 thousand) relating to net gain on reissuance of treasury shares.

Other movements in minority interest includes movement in fair value reserve, foreign currency translation reserve, dividend, etc.


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