FY 2011 Annual Report - Sheng Siong

42 Sheng Siong Annual Report 2011
Consolidated Statement of Changes in Equity
Year ended 31 December 2011
Share
capital
Attributable to equity holders of the Company
Fair value
reserve
Merger
reserve
Accumulated
profits
Foreign
currency
translation
reserve
Total
equity
$’000 $’000 $’000 $’000 $’000 $’000
Group
At 1 January 2010 16,000 13,437 – 84,431 * 113,868
Contributions by and
distribution to owners
Issuance of share capital by way of
capitalisation of accumulated profits 14,000 – – (14,000) – –
Issuance of shares for acquisition of
entities under common control
pursuant to restructuring exercise
(Note 2) 78,234 – – – – 78,234
Adjustments arising from
restructuring exercise (30,000) – (68,234) – – (98,234)
Total transactions with owners 62,234 – (68,234) (14,000) – (20,000)
Amount adjusted as of 1 January 2010 78,234 13,437 (68,234) 70,431 * 93,868
Total comprehensive income for
the year
Profit for the year
Other comprehensive income:
Net change in fair value of other
– – – 42,635 – 42,635
investment transferred to profit or loss – (13,437) – – – (13,437)
Total comprehensive income for the year
Transactions with owners,
recorded directly in equity:
Contributions by and distributions
to owners
– (13,437) – 42,635 – 29,198
Issuance of dividend (Note 11) – – – (79,185) – (79,185)
Total transactions with owners – – – (79,185) – (79,185)
At 31 December 2010 78,234 – (68,234) 33,881 * 43,881
The accompanying notes form an integral part of these financial statements.