Annual Report - Ahli United Bank

ahliunited.com

Annual Report - Ahli United Bank

Notes to theConsolidated Financial Statements (Contd.)21 RESERVES (continued)CapitalreservePropertyrevaluationreserveForeignexchangetranslationreserveAvailablefor-salereserveCumulative changes inCash flowhedgereserveESPPreserveTotalotherreservesUS$ ’000 US$ ’000 US$ ’000 US$ ’000 US$ ’000 US$ ’000 US$ ’000Balance at 1 January 2008 307 94,290 36,080 149,075 (14,585) 7,590 272,757Currency translationadjustments - - 2,339 - - - 2,339Share of changes in fair valuereserve of associates - - - (22,731) - - (22,731)Transfers to consolidatedstatement of income on sale/impairment of available forsale investments - - - (147,473) - - (147,473)Transfers to consolidatedstatement of income - - - - 1,743 - 1,743Net fair value movements duringthe year - - - (230,492) (72,810) - (303,302)Fair value amortisation of sharebased transactions (note 23) - - - - - 4,730 4,730Conversion of preference shares(note 20(g)) - - - - - (5,992) (5,992)Revaluation of freehold land - 26,816 - - - - 26,816Balance at 31 December 2008 307 121,106 38,419 (251,621) (85,652) 6,328 (171,113)j) Dividends paid and proposedProposed for approval at the forthcoming Annual General Assembly of Shareholders Meeting2009US$’000Cash dividend on the Class B Preference shares @ US cents 2.9 per share 1,129Cash dividend on the Ordinary shares @ US cents 2.0 per share 97,043Bonus share issueNIL2008US$’000Declared and paid during the yearCash dividend on the Class B Preference shares @ US cents 4.7 per share (2008: US cents 3.1 per share) 3,493Cash dividend on the Ordinary shares @ US cents 2.5 per share (2008: US cents 3.5 per share) 112,658Bonus share issue 5%78 AUB Annual Report 2009

More magazines by this user
Similar magazines