Annual Report 10/11 - ACL Cables PLC

ACL Cables PLC Annual Report 2010/1131. Capital reserveCapital reserve comprises profit on sale of property, plant, equipment and investments, Capital Redemption ReserveFund (CRRF) created consequent to redemption of shares and revaluation surplus arising from net surplus onrevaluation of property, plant and equipment.GroupAs at 31 MarchCompanyAs at 31 March2011 2010 2011 2010Balance at 1 April 2010 799,786,664 441,223,100 330,855,735 330,855,735Revaluations during the year 67,305,675 367,340,918 - -Deferred tax on revaluation (3,030,183) (8,191,605) - -Transfer to retained earnings fromrevaluation reserve (908,490) (908,490) - -Deferred tax on transfer 165,854 322,741 - -Balance on 31 March 2011 863,319,519 799,786,664 330,855,735 330,855,735Group capital reserve as at balance sheet date consists of the following;GroupAs at 31 March2011 2010Capital redemption reserve fund 2,625,000 2,625,000Surplus on revaluation of property, plantand equipment 858,883,999 795,351,146Profit on sale of property, plant,equipment and investments 1,810,518 1,810,518863,319,517 799,786,66432. General reserveGeneral reserve consists of such amounts that have been from time to time transferred from retained earnings asresolved at General Meetings of the Company/ Group for general applications.GroupAs at 31 MarchCompanyAs at 31 March2011 2010 2011 2010Balance at 1 April 1,123,825,080 1,123,825,080 680,265,800 680,265,800Transferred from retained earnings - - - -Balance at 31 March 1,123,825,080 1,123,825,080 680,265,800 680,265,80075