China XLX Fertiliser Ltd

STATEMENTS OF CHANGES IN EQUITYfor the financial year ended 31 December 2008(Amounts expressed in Renminbi)CompanySharecapital(Note 24)Hedgingreserve(Note 18)Accumulatedprofits Total equityRmb’000 Rmb’000 Rmb’000 Rmb’000Opening balance at 1 January 2007 1 – 764 765Profit, representing total recognised income forthe year – – 62,783 62,783Issuance of new ordinary shares pursuant to theconversion of the Pre-IPO investors ConvertibleLoan 57,893 – – 57,893Issuance of new ordinary shares pursuant to theIPO 770,000 – – 770,000Share issue expenses (55,566) – – (55,566)Closing balance at 31 December 2007 772,328 – 63,547 835,875Opening balance at 1 January 2008 772,328 – 63,547 835,875Profit, representing total recognised incomefor the year – – 49,335 49,335Dividends on ordinary shares (Note 26) – – (71,468) (71,468)Hedging reserve – 19,807 – 19,807Closing balance at 31 December 2008 772,328 19,807 41,414 833,549The accompanying accounting policies and explanatory notes form an integral part of the financial statements.Annual Report 200844