Annual - Johnson Electric

27. Reserves (Cont’d)
NOTES TO THE ACCOUNTS
Group Investment
property Goodwill on Share
Contributed revaluation Capital con- Exchange option Hedging Other Retained
surplus reserve reserve solidation reserve reserve reserve reserve earnings Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
At 1st April 2005, as restated 15,499 6,487 38,917 (233,885 ) 9,028 891 – – 897,542 734,479
Exchange adjustments – – 32 – (7,391 ) – – – – (7,359 )
Opening adjustment for the
adoption of HKAS 39 – – – – – – – 925 1,851 2,776
Opening adjustment for the
adoption of HKAS 40 – (6,487 ) – – – – – – 6,487 –
Opening adjustment for the
adoption of HKFRS 3 – – – – – – – – 1,864 1,864
Fair value losses on
available-for-sale financial
assets – – – – – – – (627 ) – (627 )
Actuarial gains of defined
benefit plan upon the adoption
of HKAS 19 (Amendment) – – – – – – – – 5,777 5,777
Deferred tax effect on actuarial
gains of defined benefit plan
upon the adoption of
HKAS 19 (Amendment) – – – – – – – – (1,058 ) (1,058 )
Fair value gains:
– hedging instrument – – – – – – 6,724 – – 6,724
– deferred tax on fair value
gains – – – – – – (1,177 ) – – (1,177 )
Revaluation surplus:
– on transfer from properties,
plant and equipment and
leasehold land to
investment properties – – – – – – – 2,368 – 2,368
– deferred tax on revaluation
surplus – – – – – – – (414 ) – (414 )
Net income / (expense)
recognised directly in equity – (6,487 ) 32 – (7,391 ) – 5,547 2,252 14,921 8,874
Profit for the year – – – – – – – – 93,990 93,990
Total recognised income for the
year – (6,487 ) 32 – (7,391 ) – 5,547 2,252 108,911 102,864
2004/05 Final dividend paid – – – – – – – – (51,810 ) (51,810 )
2005/06 Interim dividend paid – – – – – – – – (21,195 ) (21,195 )
Employee share option scheme:
– value of employee services – – – – – (210 ) – – – (210 )
– (6,487 ) 32 – (7,391 ) (210 ) 5,547 2,252 35,906 29,649
At 31st March 2006 15,499 – 38,949 (233,885 ) 1,637 681 5,547 2,252 933,448 764,128
Final dividend proposed – – – – – – – – 40,035 40,035
Other 15,499 – 38,949 (233,885 ) 1,637 681 5,547 2,252 893,413 724,093
At 31st March 2006 15,499 – 38,949 (233,885 ) 1,637 681 5,547 2,252 933,448 764,128
Company and subsidiaries 15,499 – 38,949 (233,885 ) 1,637 681 5,547 2,252 924,451 755,131
Jointly controlled entities – – – – – – – – 7,544 7,544
Associated companies – – – – – – – – 1,453 1,453
At 31st March 2006 15,499 – 38,949 (233,885 ) 1,637 681 5,547 2,252 933,448 764,128
Johnson Electric Holdings Limited 95