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Notes to the Financial Statements (cont’d)
For the financial year ended 31 December 2011
31. Other reserves (non-distributable)
Foreign
currency Available-
Revaluation translation for-sale Hedging
reserves reserves reserves reserves Total
Group RM’000 RM’000 RM’000 RM’000 RM’000
At 1 January 2011 18,766 (28,067) – 712 (8,589)
Other comprehensive income:
Foreign currency translation – 10,551 – – 10,551
Net fair value changes on cash flow
hedges
- Net loss on fair value changes
during the year – – – (1,578) (1,578)
- Recognised in profit or loss:
- Ineffective cash flow hedge (Note 7) – – – 509 509
Income tax relating to components
of other comprehensive income
(Note 12) – – – 268 268
Transactions with owners:
– 10,551 – (801) 9,750
Realisation of revaluation reserve (88) – – – (88)
At 31 December 2011 18,678 (17,516) – (89) 1,073
At 1 January 2010 15,105 (8,354) (354) (6,738) (341)
Other comprehensive income:
Foreign currency translation – (22,969) – – (22,969)
Cumulative fair value loss on availablefor-sale
investment securities
transferred to profit or loss – – 354 – 354
Net fair value changes on cash flow
hedges
- Net gain on fair value changes
during the year – – – 13,485 13,485
- Recognised in profit or loss:
- Ineffective cash flow hedge – – – (3,298) (3,298)
Revaluation of land and buildings 4,178 – – – 4,178
Income tax relating to components of
other comprehensive income (517) – – (2,737) (3,254)
Transactions with owners:
3,661 (22,969) 354 7,450 (11,504)
Reserve attributable to disposal group
classified as held for sale (Note 22) – 3,256 – – 3,256
At 31 December 2010 18,766 (28,067) – 712 (8,589)
MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 141