NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
120
THE STRAITS TRADING COMPANY LIMITED
29.
SHARE CAPITAL
Group and Company
2015
2014
Number of
shares
Share
capital
Number of
shares
Share
capital
$’000
$’000
Ordinary shares issued and fully paid:
At 1 January and 31 December
408,095,772 568,968
408,095,772 568,968
The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. All ordinary shares
carry one vote per share without restriction. The ordinary shares have no par value.
30.
RESERVES
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Retained earnings
(a)
782,253
787,375
86,250
89,069
AFS reserve
(b)
(23,922)
19,102
–
–
Hedging reserve
(c)
(1,811)
(1,367)
–
–
Revaluation reserve
(d)
15,578
8,034
202
208
Translation reserve
(e)
(43,902)
(27,365)
(18,281)
(8,382)
Other reserves
(54,057)
(1,596)
(18,079)
(8,174)
(a)
Retained Earnings
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
At 1 January
787,375
784,145
89,069
16,579
Net changes in the reserve
(5,122)
3,230
(2,819)
72,490
At 31 December
782,253
787,375
86,250
89,069
Net changes in the reserve:
– Profit for the year
8,549
18,586
10,845
88,814
– Dividend on ordinary shares (note 35)
(16,324)
(16,324)
(16,324)
(16,324)
– Dilution of ownership interest in subsidiaries
that do not result in a loss of control
(7)
–
–
–
– Unclaimed dividends written back
2,660
–
2,660
–
– Realisation of revaluation reserve upon disposal
–
968
–
–
(5,122)
3,230
(2,819)
72,490
