Consolidated statement of changes in equity
for the year ended 31 December 2007
| Attributable to equity shareholders | ||||||||
| Number of | Accum- | |||||||
| ordinary | Share | Share | ulated | Other | Minority | |||
| US$000 | shares | capital | premium | profit | reserves | Total | interest | Total |
| BALANCE AT 31 DEC 2005 | ||||||||
| (as previously reported) | 68072864 | 3404 | 208582 | 138751 | (41000) | 309737 | 1395 | 311132 |
| Change in accounting policy* | - | - | - | (7915) | - | (7915) | - | (7915) |
| BALANCE AT 31 DEC 2005 | ||||||||
| (as restated) | 68072864 | 3404 | 208582 | 130836 | (41000) | 301822 | 1395 | 303217 |
| Movement on cash flow hedges | ||||||||
|
- | - | - | - | 17256 | 17256 | - | 17256 |
|
||||||||
| financial instruments | - | - | - | - | (36603) | (36603) | - | (36603) |
| Net income recognised directly in equity | - | - | - | - | (19347) | (19347) | - | (19347) |
| Net profit | - | - | - | 47564 | - | 47564 | 3312 | 50876 |
| Total recognised income/(loss) | - | - | - | 47564 | (19347) | 28217 | 3312 | 31529 |
| Share-based payments | - | - | - | - | 2369 | 2369 | - | 2369 |
| Share options exercised | 633867 | 34 | 3619 | - | - | 3653 | - | 3653 |
| Shares vested# | 56830 | 2 | 802 | - | (802) | 2 | - | 2 |
| Exercise of options previously | ||||||||
| expensed under IFRS 2 | - | - | 650 | - | (650) | - | - | - |
| BALANCE AT 31 DEC 2006 | 68763561 | 3440 | 213653 | 178400 | (59430) | 336063 | 4707 | 340770 |
| Movement on cash flow hedges | ||||||||
|
- | - | - | - | 30371 | 30371 | - | 30371 |
|
||||||||
| financial instruments | - | - | - | - | (41712) | (41712) | - | (41712) |
| Net income recognised directly | ||||||||
| in equity | - | - | - | - | (11341) | (11341) | - | (11341) |
| Net profit | - | - | - | 42041 | - | 42041 | 3587 | 45628 |
| Total recognised income/(loss) | - | - | - | 42041 | (11341) | 30700 | 3587 | 34287 |
| Share-based payments | - | - | - | - | 2847 | 2847 | - | 2847 |
| Share options exercised | 545667 | 28 | 4353 | - | - | 4381 | - | 4381 |
| Shares vested# | 10102 | - | 170 | - | (170) | - | - | - |
| Exercise of options previously | ||||||||
| expensed under IFRS 2 | - | - | 1297 | - | (1297) | - | - | - |
| Dividends relating to 2006 | - | - | - | (6874) | - | (6874) | - | (6874) |
| Capital raising | 6821000 | 341 | 240099 | - | - | 240440 | - | 240440 |
| Costs associated with capital raising | - | - | (8758) | - | - | (8758) | - | (8758) |
| BALANCE AT 31 DEC 2007 | 76140330 | 3809 | 450814 | 213567 | (69391) | 598799 | 8294 | 607093 |
| 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 21). At 31 December 2007, the balance of the share-based payment reserve amounted to US$4.4 million (31 December 2006: US$3.1 million). The balance of the hedging reserve amounted to US$73.8 million (31 December 2006: US$62.5 million). Refer to note 21 for further details on the hedging reserve. | ||||||||
| #Restricted shares were issued to directors as remuneration. Of these shares, 57 000 (2006: 56 830) have vested, while the remainder of the shares, 7 704 (2006: 9 760) 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 on financial statement are an integral part of these consolidated financial statements. | ||||||||