Consolidated statement of changes in equity
for the year ended 31 December 2006| US$000 | Number
of ordinary shares |
Share capital |
Share premium |
Accum- ulated profit |
Other reserves |
Total |
Minority interest |
Total |
| BALANCE AT 31 DEC 04 (as previously reported) |
59
226 694 |
2 961 |
102
342 |
100
213 |
(14
347) |
191
169 |
(954) |
190
215 |
| Change in accounting policy | - |
- |
- |
(14 884)~ |
- |
(14
884)~ |
- |
(14 884)~ |
| BALANCE AT 31 DEC 04 (as restated) | 59
226 694 |
2
961 |
102
342 |
85
329~ |
(14
347) |
176
285~ |
(954) |
175
331~ |
| Net income | - |
- |
- |
45 507~ |
- |
45
507~ |
2 349 |
47 856~ |
| Movement on cash flow hedges | ||||||||
 Transfer
to income statement |
- |
- |
- |
- |
(45) |
(45) |
- |
(45) |
| Fair
value movement on financial instruments |
(27
422) |
(27
422) |
- |
(27
422) |
||||
| Total recognised income/(loss) | - |
- |
- |
45 507~ |
(27 467) |
18
040~ |
2 349 |
20 389~ |
| Share-based payments | - |
- |
- |
- |
2 243 |
2
243 |
- |
2 243 |
| Exercise of employee stock options | 617 260 |
31 |
1 838 |
- |
- |
1
869 |
- |
1 869 |
| Shares vested# | 103 910 |
6 |
1 429 |
- |
(1 429) |
6 |
- |
6 |
| Capital raising | 8 125
000 |
406 |
109 281 |
- |
- |
109
687 |
- |
109 687 |
| Costs associated with capital raising | - |
- |
(6 308) |
- |
- |
(6
308) |
- |
(6 308) |
| BALANCE AT 31 DEC 05 (as previously reported) |
68
072 864 |
3
404 |
208
582 |
138
751 |
(41
000) |
309
737 |
1
395 |
311
132 |
| Change in accounting policy | - |
- |
- |
(7
915)~ |
- |
(7
915)~ |
- |
(7
915)~ |
| BALANCE AT 31 DEC 05 | ||||||||
| (as restated) | 68 072
864 |
3 404 |
208 582 |
130 836~ |
(41 000) |
301
822~ |
1 395 |
303 217~ |
| Net income | - |
- |
- |
47 564 |
- |
47
564 |
3 312 |
50 876 |
| Movement on cash flow | ||||||||
| hedges | ||||||||
| Transfer
to income statement |
- |
- |
- |
- |
17
256 |
17
256 |
- |
17
256 |
| Fair
value movement on financial instruments |
- |
- |
- |
- |
(36
603) |
(36
603) |
- |
(36
603) |
| Total recognised | ||||||||
| income/(loss) | - |
- |
- |
47 564 |
(19 347) |
28
217 |
3 312 |
31 529 |
| Share-based payments | - |
- |
- |
- |
2 369 |
2
369 |
- |
2 369 |
| Exercise of employee | ||||||||
| stock options | 633 867 |
34 |
3 619 |
- |
- |
3
653 |
- |
3 653 |
| Shares vested# | 56 830 |
2 |
802 |
- |
(802) |
2 |
- |
2 |
| Exercise of options | ||||||||
| previously expensed under | ||||||||
| IFRS 2 | - |
- |
650 |
- |
(650) |
- |
- |
- |
| BALANCE AT 31 DEC 06 | 68 763
561 |
3 440 |
213 653 |
178 400 |
(59 430) |
336
063 |
4 707 |
340 770 |
Other reserves include the cumulative charge recognised under IFRS 2 in respect of share option schemes (net of amounts transferred to share capital and share premium) and the mark-to-market valuation of derivative financial instruments designated as cash flow hedges (refer note 20).
| # | Restricted shares were issued to directors as remuneration. Of these shares, 56 830 (2005: 103 910) have vested, while the remainder of the shares, 9 760 (2005: 57 825) are still held by the company as treasury shares. The transfer between “other reserves” and “share premium” in respect of the shares vested represents the cost calculated in accordance with IFRS 2. |
| ~ | Restated due to change in accounting policy relating to stripping costs. Refer note 6. |
The notes are an integral part of these financial statements.