Annual Report 2012 - The Cyprus Development Bank

STATEMENT OF CHANGES IN EQUITYFor the year ended 31 December 2012Share Revaluation Revenuecapital reserves reserves Total2012 €’ 000 €’ 000 €’ 000 €’ 000Balance 1 January 21.272 (133) 14.697 35.836Revaluation of investments available for sale - (425) - (425)Revaluation of investment in subsidiary companies - 609 - 609Transfer from revaluation reserve to the incomestatement on the disposal of investmentsavailable for sale - 44 - 44Transfer from revaluation reserve to the incomestatement for permanent diminution ofinvestments available for sale - 217 - 217Transfer to revenue reserves excess depreciation onrevalued premises net of deferred tax - (16) 16 -Deferred taxation - 1 - 1Defence tax on deemed dividend distribution - - (126) (126)Loss for the year - - (6.333) (6.333)Balance 31 December 21.272 297 8.254 29.823Share Revaluation Revenuecapital reserves reserves Total2011 €’ 000 €’ 000 €’ 000 €’ 000Balance 1 January 21.272 (508) 19.548 40.312Revaluation of premises - 191 - 191Revaluation of investments available for sale - (335) - (335)Revaluation of investment in subsidiary companies - (270) - (270)Transfer from revaluation reserve to the incomestatement on the disposal of investments available for sale - (216) - (216)Transfer from revaluation reserve to the incomestatement for permanent diminution of investments available for sale - 1.054 - 1.054Transfer to revenue reserves excess depreciation onrevalued premises net of deferred tax - (33) 33 -Deferred taxation - (16) - (16)Defence tax on deemed dividend distribution - - (16) (16)Loss for the year - - (4.868) (4.868)Balance 31 December 21.272 (133) 14.697 35.836Revaluation reservesThe revaluation reserves relate to the revaluation of investments available for sale, revaluation of investment in subsidiary companiesand revaluation of premises. The revaluation reserves are not distributable.The notes on pages 19 to 62 are an integral part of the consolidated financial statements.16