2011 - Li & Fung Limited

26 RESERVES (CONTINUED)
(b) THE COMPANY
Shares held
by escrow
agent for
settlement of
acquisition
Contributed
surplus
NOTES TO THE ACCOUNTS (CONTINUED)
Employee
share-based
Share consideration account compensation Retained
premium (Note (iii)) (Note (ii)) reserve earnings Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Balance at 1 January 2011 3,015,794 (23,385) 264,189 45,826 404,049 3,706,473
Profit for the year
Employee share option scheme:
– – – – 562,977 562,977
– value of employee services – – – 18,906 – 18,906
– proceeds from shares issued 80,808 – – – – 80,808
– transfer to share premium
Release of shares held by escrow
agent for settlement on acquisition
17,495 – – (17,495) – –
consideration – 14,882 – – – 14,882
2010 final dividend paid – – – – (269,851) (269,851)
2011 interim dividend paid – – – – (197,360) (197,360)
Reserves 3,114,097 (8,503) 264,189 47,237 145,204 3,562,224
Proposed dividend – – – – 354,611 354,611
At 31 December 2011 3,114,097 (8,503) 264,189 47,237 499,815 3,916,835
Balance at 1 January 2010 – Restated 1,818,277 (59,494) 264,189 39,875 259,723 2,322,570
Profit for the year
Employee share option scheme:
– – – – 569,383 569,383
– value of employee services – – – 33,281 – 33,281
– proceeds from shares issued 143,287 – – – – 143,287
– transfer to share premium
Release of shares held by escrow
agent for settlement on acquisition
27,330 – – (27,330) – –
consideration – 36,109 – – – 36,109
2009 final dividend paid – – – – (239,241) (239,241)
2010 interim dividend paid – – – – (185,816) (185,816)
Issue of shares for privatization of IDS 1,026,900 – – – – 1,026,900
Reserves 3,015,794 (23,385) 264,189 45,826 134,815 3,437,239
Proposed dividend – – – – 269,234 269,234
At 31 December 2010 – Restated 3,015,794 (23,385) 264,189 45,826 404,049 3,706,473
LI & FUNG LIMITED | ANNUAL REPORT 2011 125