NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
30 RESERVES
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Retained earnings
(a)
787,375
784,145
89,069
16,579
AFS reserve
(b)
19,102
(6,924)
–
–
Hedging reserve
(c)
(1,367)
(363)
–
–
Revaluation reserve
(d)
8,034
1,893
208
202
Translation reserve
(e)
(27,365)
(25,901)
(8,382)
(7,323)
Other reserves
(1,596)
(31,295)
(8,174)
(7,121)
(a)
Retained Earnings
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
At 1 January
784,145
721,821
16,579
161,537
Net changes in the reserve
3,230
62,324
72,490
(144,958)
At 31 December
787,375
784,145
89,069
16,579
Net changes in the reserve:
– Profit for the year
18,586
119,495
88,814
68,004
– Dividends on ordinary shares (note 35)
(16,324)
(212,975)
(16,324)
(212,975)
– Unclaimed dividends written back
–
13
–
13
– Realisation of revaluation reserve and related
deferred tax liabilities upon disposal
968
155,791
–
–
3,230
62,324
72,490
(144,958)
129
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
