Untitled - Swissco Holdings Limited

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2005
26. Other Reserves
The Group
The Company
2005 2004 2005 2004
$ $ $ $
(a)
(b)
Composition:
Share option reserve 30,000 – 30,000 –
Foreign currency reserve (70,000) – – –
Movements:
(40,000) – 30,000 –
(i)
Share option reserve
Value of employee services
(Note 9) 30,000 – 30,000 –
Balance at end of
financial year 30,000 – 30,000 –
(ii)
Fair value reserve
Balance at beginning of
financial year
– As previously reported – – – –
– Effects of adoption of
FRS 39 adjusted
prospectively (Note 3) 1,791,000 – 1,791,000 –
– As restated 1,791,000 – 1,791,000 –
Reversal on restructuring
of associated companies (1,791,000) – (1,791,000) –
Balance at end of
financial year – – – –
(iii)
Currency translation reserve
Charged during the
financial year (70,000) – – –
Balance at end of
financial year (70,000) – – –
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