Annual Report 2013

Consolidated Statement of Changes in Equity

for the year ended 31 December 2013

 

Called-Up

Share

Capital

Retained

Share

Total

 

Share

Premium

Conversion

(Losses)/

Option

 

Capital

Reserve

Earnings

Reserve

 

Fund

 

US$’000

US$’000

US$’000

US$’000

US$’000

US$’000

 

 

 

 

 

 

 

Balance at 1 January 2012

196,347

301,391

754

(19,994)

16,856

495,354

Profit for the year

-

-

-

49,486

-

49,486

Share-based payments

-

-

-

309

3,238

3,547

Issue of share capital

8,821

48,389

-

-

-

57,210

 

 

 

 

 

 

 

Balance at 1 January 2013

205,168

349,780

754

29,801

20,094

605,597

Loss for the year

-

-

-

(44,120)

-

(44,120)

Share-based payments

-

-

-

81

699

780

Issue of share capital

20,355

81,600

-

-

-

101,955

Balance at 31 December 2013

225,523

431,380

754

(14,238)

20,793

664,212

 

 

 

 

 

 

 

Retained (Losses)/Earnings
Retained (losses)/earnings comprise accumulated profit and losses in the current and prior years.

Share Option Reserve
The share option reserve arises on the grant of share options to certain Directors, employees and consultants under the share option scheme.

Capital Conversion Reserve Fund
The capital conversion reserve fund arose from the re-nominalisation of the Company’s share capital from Irish Punts to Euro.