Notes to and forming part of the consolidated financial
statements for the year ended 30 June 2010
Note 26. Reserves and retained profits
2010 2009
$’000 $’000
(a) Reserves
Share based payments reserve 10,832 10,823
Foreign currency translation reserve (73,664) (71,194)
Hedging reserve – cash flow hedges (13,584) (14,332)
Share capital contribution reserve 108 108
Statutory reserve 153 153
(76,155) (74,442)
Movements:
Share-based payments reserve
At 1 July 10,823 9,362
Value of Performance Awards granted 1,845 3,211
Transfer to share capital / Options exercised (1,836) (1,750)
At 30 June 10,832 10,823
Foreign currency translation reserve
At 1 July (71,194) (49,089)
Net exchange differences on translation of foreign controlled entities (2,470) (22,105)
At 30 June (73,664) (71,194)
Hedging reserve - cash flow hedges
At 1 July (14,332) 13,027
Revaluation (gross) 1,046 (39,377)
Deferred tax at 30% (298) 12,018
At 30 June (13,584) (14,332)
Share capital contribution reserve
At 1 July 108 108
Movement for the year - -
At 30 June 108 108
Statutory Reserve
At 1 July 153 36
Transfer from retained income - 117
At 30 June 153 153
Deferred retention incentive reserve
At 1 July - (671)
Movement for the year1 - 671
At 30 June - -
1. This reserve is no longer required following the introduction of the TranShare Plan Trust
statements for the year ended 30 June 2010
Note 26. Reserves and retained profits
2010 2009
$’000 $’000
(a) Reserves
Share based payments reserve 10,832 10,823
Foreign currency translation reserve (73,664) (71,194)
Hedging reserve – cash flow hedges (13,584) (14,332)
Share capital contribution reserve 108 108
Statutory reserve 153 153
(76,155) (74,442)
Movements:
Share-based payments reserve
At 1 July 10,823 9,362
Value of Performance Awards granted 1,845 3,211
Transfer to share capital / Options exercised (1,836) (1,750)
At 30 June 10,832 10,823
Foreign currency translation reserve
At 1 July (71,194) (49,089)
Net exchange differences on translation of foreign controlled entities (2,470) (22,105)
At 30 June (73,664) (71,194)
Hedging reserve - cash flow hedges
At 1 July (14,332) 13,027
Revaluation (gross) 1,046 (39,377)
Deferred tax at 30% (298) 12,018
At 30 June (13,584) (14,332)
Share capital contribution reserve
At 1 July 108 108
Movement for the year - -
At 30 June 108 108
Statutory Reserve
At 1 July 153 36
Transfer from retained income - 117
At 30 June 153 153
Deferred retention incentive reserve
At 1 July - (671)
Movement for the year1 - 671
At 30 June - -
1. This reserve is no longer required following the introduction of the TranShare Plan Trust