HYFLUX LTD AND SUBSIDIARIES

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STATEMENTS OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2002
(AMOUNTS EXPRESSED IN SINGAPORE DOLLARS)
SHARE SHARE TRANSLATION REVENUE
GROUP CAPITAL PREMIUM RESERVE RESERVE TOTAL
$’000 $’000 $’000 $’000 $’000
BALANCE AT 31 DECEMBER 2000 AS
PREVIOUSLY STATED 7,234 – (3) 2,593 9,824
Change in accounting policy (Note 2) – – – 645 645
BALANCE AT 1 JANUARY 2001 AS RESTATED 7,234 – (3) 3,238 10,469
Issue of shares for cash 1,675 13,600 – – 15,275
Expenses in connection with issuance of shares – (947) – – (947)
Foreign currency translation differences – – (141) – (141)
Net profit for the year – – – 7,355 7,355
Dividend (Note 32) – – – (645) (645)
BALANCE AT 31 DECEMBER 2001 8,909 12,653 (144) 9,948 31,366
Issue of shares for cash 2,900 12,296 – – 15,196
Expenses in connection with issuance of shares – (219) – – (219)
Bonus issue of 1 ordinary share for every
4 existing ordinary shares of $0.05 each – (2,352) – – (2,352)
Foreign currency translation differences – – (503) – (503)
Net profit for the year – – – 12,261 12,261
Dividend (Note 32) – – – (1,834) (1,834)
BALANCE AT 31 DECEMBER 2002 11,809 22,378 (647) 20,375 53,915
SHARE SHARE REVENUE
COMPANY CAPITAL PREMIUM RESERVE TOTAL
$’000 $’000 $’000 $’000
BALANCE AT 31 DECEMBER 2000 AS
PREVIOUSLY STATED 7,234 – 2 7,236
Change in accounting policy (Note 2) – – (63) (63)
BALANCE AT 1 JANUARY 2001 AS RESTATED 7,234 – (61) 7,173
Issue of shares for cash 1,675 13,600 – 15,275
Expenses in connection with issuance of shares – (947) – (947)
Net profit for the year – – 1,030 1,030
Dividend (Note 32) – – (645) (645)
BALANCE AT 31 DECEMBER 2001 8,909 12,653 324 21,886
Issue of shares for cash 2,900 12,296 – 15,196
Expenses in connection with issuance of shares – (219) – (219)
Bonus issue of 1 ordinary share for
every 4 existing ordinary shares of $0.05 each – (2,352) – (2,352)
Net profit for the year – – 15,369 15,369
Dividend (Note 32) – – (1,834) (1,834)
BALANCE AT 31 DECEMBER 2002 11,809 22,378 13,859 48,046
The accounting policies and explanatory notes on pages 17 to 45 form an integral part of the financial statements.