Annual Report - QuamIR
Annual Report - QuamIR
Annual Report - QuamIR
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Notes to the Consolidated Financial Statements (Continued)<br />
<br />
35 Reserves<br />
Group<br />
35 <br />
<br />
Share<br />
premium<br />
(Note a)<br />
Capital<br />
reduction<br />
reserve<br />
(Note c)<br />
Capital<br />
redemption<br />
reserve<br />
(Note b)<br />
Capital<br />
reserve<br />
Contributed<br />
surplus<br />
(Note d)<br />
Other<br />
reserve<br />
(Note e)<br />
Employee<br />
share-based<br />
compensation<br />
reserve<br />
Exchange<br />
reserve<br />
Available–<br />
for-sale<br />
investments<br />
reserve<br />
<br />
<br />
<br />
a c b d e <br />
Retained<br />
earnings/<br />
(Accumulated<br />
losses)<br />
Total<br />
<br />
<br />
HK$ Million HK$ Million HK$ Million HK$ Million HK$ Million HK$ Million HK$ Million HK$ Million HK$ Million HK$ Million HK$ Million<br />
<br />
Balance at 1 January 2010 10,172.4 594.1 14.6 147.4 116.3 – 93.4 1,072.9 (3.2) 127.7 12,335.6<br />
Fair value gain on available-for-sale<br />
financial assets<br />
<br />
– – – – – – – – 3.2 – 3.2<br />
Currency translation differences – – – – – – – 469.5 (0.1) – 469.4<br />
Employee share option benefits – – – – – – (6.4) – – – (6.4)<br />
Transfer between reserves (350.0) – – – 350.0 – – – – – –<br />
Issue of bonus shares – – – – (9.4) – – – – – (9.4)<br />
Exercise of bonus warrants 14.7 – – – – – – – – – 14.7<br />
Repurchase of shares (1.2) – – – – – – – – – (1.2)<br />
Release of reserves<br />
<br />
– upon liquidation of an associated<br />
company<br />
<br />
– – – (0.1) – – – – – – (0.1)<br />
– upon lapse of share options – – – – – – (12.8) – – 12.8 –<br />
Changes in ownership interests in<br />
subsidiaries that do not result in a<br />
loss of control arising from the<br />
following factors<br />
<br />
<br />
<br />
<br />
– exercise of a listed subsidiary’s bonus <br />
warrants, distributed by the Group <br />
– – – – (1.4) – – – – – (1.4)<br />
– distribution of certain shares of a<br />
subsidiary held by the Group<br />
<br />
– – – – (39.3) – – – – – (39.3)<br />
– disposal of alternative energy<br />
business to a non-wholly owned<br />
subsidiary of the Group<br />
<br />
<br />
– – – – – 8.1 – – – – 8.1<br />
Proposed distribution of proceeds<br />
from sale of equity interest of a<br />
subsidiary to a non-controlling<br />
shareholder (Note f)<br />
<br />
<br />
f<br />
– – – (80.9) – – – – – – (80.9)<br />
Loss for the year – – – – – – – – – (293.8) (293.8)<br />
Balance at<br />
31 December 2010<br />
<br />
9,835.9 594.1 14.6 66.4 416.2 8.1 74.2 1,542.4 (0.1) (153.3) 12,398.5<br />
Retained by:<br />
<br />
Company and subsidiaries 9,835.9 594.1 14.6 66.4 416.2 8.1 74.2 1,303.0 (0.1) (890.8) 11,421.6<br />
Associated companies – – – – – – – 45.3 – 59.0 104.3<br />
Jointly controlled entities – – – – – – – 194.1 – 678.5 872.6<br />
9,835.9 594.1 14.6 66.4 416.2 8.1 74.2 1,542.4 (0.1) (153.3) 12,398.5<br />
Representing:<br />
Reserves at 31 December 2010<br />
<br />
<br />
12,398.5<br />
166 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011
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