AR for 2008 - Abterra
AR for 2008 - Abterra
AR for 2008 - Abterra
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36 ABTERRA<br />
Annual Report <strong>2008</strong><br />
STATEMENT OF CHANGES IN EQUITY<br />
For the financial period from 1 July <strong>2008</strong> to 31 December <strong>2008</strong><br />
Company<br />
Share<br />
capital<br />
Other<br />
reserves<br />
$’000 $’000<br />
(Note 32)<br />
Foreign<br />
currency<br />
translation<br />
reserve<br />
$’000<br />
(Note 32)<br />
Retained<br />
earnings /<br />
(Accumulated<br />
losses)<br />
$’000<br />
(Note 32)<br />
Total<br />
equity<br />
$’000<br />
Balance as at 1 July <strong>2008</strong> 190,629 3,921 (3) 10,764 205,311<br />
Currency translation differences - - 3 - 3<br />
Share issue expenses (43) - - - (43)<br />
Net (expenses) / income recognised directly<br />
to equity (43) - 3 - (40)<br />
Net loss - - - (11,612) (11,612)<br />
Total recognised income / (expenses) (43) - 3 (11,612) (11,652)<br />
Issue of new shares 7,182 (594) - - 6,588<br />
Reversal of deferred taxation upon conversion<br />
(Note 30) - 126 - - 126<br />
Transfer of realised deferred taxation from<br />
other reserves to retained earnings - 64 - (64) -<br />
Balance as at 31 December <strong>2008</strong> 197,768 3,517 - (912) 200,373<br />
Company<br />
Share<br />
capital<br />
Other<br />
reserves<br />
$’000 $’000<br />
(Note 32)<br />
Foreign<br />
currency<br />
translation<br />
reserve<br />
$’000<br />
(Note 32)<br />
Retained<br />
earnings /<br />
(Accumulated<br />
losses)<br />
$’000<br />
(Note 32)<br />
Total<br />
equity<br />
$’000<br />
Balance as at 1 July 2007 53,207 5,918 7 (40,244) 18,888<br />
Prior year error (Note 38) - - - (2,682) (2,682)<br />
At 1 July 2007 as restated 53,207 5,918 7 (42,926) 16,206<br />
Currency translation differences - - (10) - (10)<br />
Share issue expenses (364) - - - (364)<br />
Net expenses recognised directly to equity (364) - (10) - (374)<br />
Net profit - - - 14,038 14,038<br />
Total recognised income / (expenses) (364) - (10) 14,038 13,664<br />
Capital reduction exercise to set-off<br />
accumulated losses against share capital (40,244) - - 40,244 -<br />
Issue of new shares 178,030 (8,291) - - 169,739<br />
Convertible notes – equity component - 4,827 - - 4,827<br />
Deferred taxation on liabilities component<br />
(Note 30) - (895) - - (895)<br />
Reversal of deferred taxation upon conversion<br />
(Note 30) - 1,770 - - 1,770<br />
Transfer of realised deferred taxation from<br />
other reserves to retained earnings - 592 - (592) -<br />
Balance as at 30 June <strong>2008</strong> 190,629 3,921 (3) 10,764 205,311<br />
The accounting policies and explanatory notes <strong>for</strong>m an integral part of the financial statements.
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