Page 130 - ar2013.pdf

NOTES TO THE FINANCIAL STATEMENTS
For the Ànancial year ended 31 December 2013
128
COSCO Corporation (Singapore) Limited
F i nanc i a l Statement s
31. Statutory and other reserves
The Group The Company
2013 2012 2013 2012
$’000 $’000 $’000 $’000
(a) Composition:
Share option reserve 44,578 44,578 44,578 44,578
Statutory reserve 225,497 198,505 – –
Currency translation reserve (28,031) (96,516) – –
Asset revaluation reserve 2,900 6,118 – –
Fair value reserve 126 173 – –
Other reserve 69 69 527 527
245,139 152,927 45,105 45,105
(b) Movements:
(i) Share option reserve
Beginning and end of
financial year 44,578 44,578 44,578 44,578
The Group
2013 2012
$’000 $’000
(ii) Statutory reserve
Beginning of financial year 198,505 165,445
Transfer from retained earnings 26,992 33,060
End of financial year 225,497 198,505
(iii) Currency translation
reserve
Beginning of financial year (96,516) (38,262)
Net currency translation differences of financial statements
of foreign subsidiaries and associated companies 118,317 (92,713)
Non-controlling interests (49,832) 34,459
End of financial year (28,031) (96,516)