Annual Report 2007 - Investing In Africa

Annual Report 2007
Consolidated Statement of
Changes in Equity
Attributable to equity
holders of the company
Share Other Retained Minority Total
capital reserves earnings Interest
Note US$'000 US$'000 US$'000 US$'000 US$'000
At 1 January 2006 179,256 18,733 23,558 82,332 303,879
Net changes in available for
sale investments, net of tax 32 - 1,902 - - 1,902
Currency translation differences 32 - 15,142 - 3,263 18,405
Net income recognised directly in equity 17,044 - 3,263 20,307
Net profit - - 69,350 17,015 86,365
Total recognised income for 2006 - 17,044 69,350 20,278 106,672
Dividend relating to 2005 33 - - (10,712) (2,314) (13,026)
Reserves of previously unconsolidated subsidiaries - - - (69) (69)
Transfer to general banking reserves 32 - 350 (350) - -
Transfer to statutory reserve 32 - 16,637 (16,637) - -
Proceeds from shares issued
private placement 83,354 - - - 83,354
public offer 3,927 - - - 3,927
Share issue transaction costs (2,422) - - - (2,422)
At 31 December 2006 / 1 January 2007 264,115 52,764 65,209 100,227 482,315
Net changes in available for
sale investments, net of tax 32 - 6,409 - - 6,409
Currency translation differences 32 - 25,563 - 10,388 35,951
Net income recognised directly in equity - 31,972 - 10,388 42,360
Net profit - - 107,373 31,563 138,936
Total recognised income for 2007 - 31,972 107,373 41,951 181,296
Dividend relating to 2006 33 - - (18,355) (3,966) (22,321)
Transfer to general banking reserves 32 - 6,405 (6,405) - -
Transfer to statutory reserve 32 - 11,938 (11,938) - -
Share options granted - - 9,430 - 9,430
Employee share ownership scheme:
Proceeds from shares issued 31 1,040 - - - 1,040
At 31 December 2007 265,155 103,079 145,314 138,212 651,760
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The notes on pages 88 to 111 are an integral part of these consolidated financial statements