NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
121
ANNUAL REPORT 2015
30.
RESERVES (CONT’D)
(b)
AFS Reserve
AFS reserve records the cumulative fair value changes of available-for-sale financial assets until they are de-
recognised or impaired. The movements in the AFS reserve are as follows:
Group
2015
2014
$’000
$’000
At 1 January
19,102
(6,924)
Net changes in the reserve
(43,024)
26,026
At 31 December
(23,922)
19,102
Net changes in the reserve:
– Net fair value changes during the year
(39,107)
20,561
– Recognised in profit or loss:
– on disposal of investment securities
–
2,286
– Reversal of fair value changes on investment
securities re-designated as marketable securities
–
1,050
– Share of reserve of associates
(3,917)
2,129
(43,024)
26,026
(c)
Hedging Reserve
Hedging reserve records the portion of the fair value changes on derivative financial instruments designated as
hedging instruments in cash flow hedges that is determined to be an effective hedge. The movements in the
hedging reserve are as follows:
Group
2015
2014
$’000
$’000
At 1 January
(1,367)
(363)
Net changes in the reserve
(444)
(1,004)
At 31 December
(1,811)
(1,367)
Net changes in the reserve:
– Net fair value changes during the year
(480)
(616)
– Recognised in profit or loss:
– Ineffective cash flow hedge
28
(70)
– Share of reserve of associates
8
(318)
(444)
(1,004)
