Financial Report 2009 - Leighton Holdings

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Notes continued for the year ended 30 June 2009 20. EQUITY Company 2009 2008 Issued and fully paid share capital Balance at beginning of reporting period 278,088,067 278,088,067 Rights issue* 19,883,769 - Balance at reporting date 297,971,836 278,088,067 Group Company 2009 $’000 2008 $’000 2009 $’000 2008 $’000 Share capital Balance at beginning of reporting period 480,988 480,988 480,988 480,988 Contributions of equity* 690,838 - 690,838 - Balance at reporting date 1,171,826 480,988 1,171,826 480,988 * On 14 August 2008 the company announced a rights issue of 19,883,769 shares at an issue price of $35.35 per share on the basis of 1 share for 14 fully paid ordinary shares held, with such shares participating in dividends after 30 June 2008. The issue was fully subscribed. The amount disclosed above is net of transaction costs of $12.1 million. Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholders’ meetings. In the event of winding up of the Company ordinary shareholders rank after creditors and are fully entitled to any proceeds of liquidation. Leighton Holdings Limited FINANCIAL REPORT 2009 25
Notes continued for the year ended 30 June 2009 21. RESERVES Group Company 2009 $’000 2008 $’000 2009 $’000 2008 $’000 Foreign currency translation reserve Balance at beginning of reporting period (135,056) (51,058) Included in statement of recognised income and expense 163,138 (83,998) Balance at reporting date 28,082 (135,056) - - Hedging reserve Balance at beginning of reporting period (21,097) 48,514 Included in statement of recognised income and expense (18,436) (69,611) Balance at reporting date (39,533) (21,097) - - Fair value reserve Balance at beginning of reporting period 34,875 23,831 Included in statement of recognised income and expense (17,940) 11,044 Balance at reporting date 16,935 34,875 - - Associates equity reserve Balance at beginning of reporting period 20,000 11,145 Included in statement of recognised income and expense 1,732 8,855 Balance at reporting date 21,732 20,000 - - Share based payments reserve Balance at beginning of reporting period 10,646 2,695 Included in income statement 10,097 7,951 Balance at reporting date 20,743 10,646 - - Total reserves at reporting date 47,959 (90,632) - - Nature and purpose of reserves Foreign currency translation reserve The foreign currency translation reserve comprises foreign exchange differences arising from the translation of the financial statements of foreign operations where their functional currency is different to the presentation currency of the Group, as well as from the translation of liabilities that hedge the Company’s net investment in foreign operations. Hedging reserve The hedging reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments relating to future transactions. Leighton Holdings Limited FINANCIAL REPORT 2009 26
Page 1 and 2: LEIGHTON 2009Financial Report Leigh
Page 3 and 4: Income Statements for the year ende
Page 5 and 6: Balance Sheets as at 30 June 2009 G
Page 7 and 8: Notes to the Financial Statements f
Page 9 and 10: Notes continued for the year ended
Page 25: Notes continued for the year ended
Page 77:
Statutory Statements continued INDE
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Financial Report 2009 - Leighton Holdings

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