Group Statement of Changes in Equity

FOR THE YEAR ENDED 28 FEBRUARY 2007

 

        



US$’000		      
  Share capital Share premium Non-
dis-tributable reserves		 Share-based payments reserve Dist-ributable reserves Equity
attributable
to equity
holders
of the
parent		 Minorities Total equity
Balance at 1 March 2005 239 207 863 (11 913) 736 215 302 412 227 24 089 436 316
Difference arising on translation into US$ (14) (12 389) (1 726) – – (14 129) (3 081) (17 210)
Translation difference on equity loans – – 1 615 – – 1 615 – 1 615
Tax effect of equity loans translation – – 34 – – 34 – 34
Recognised directly in equity (14) (12 389) (77) – – (12 480) (3 081) (15 561)
Attributable profit for the year – – – – 37 772 37 772 1 415 39 187
Total income/expense recognised for the year (14) (12 389) (77) – 37 772 25 292 (1 666) 23 626
New share issues 12 15 486 – – – 15 498 – 15 498
Acquisitions/Disposals – – – – – (9 918) (9 918)
Share buy back – (1 863) – – – (1 863) – (1 863)
Share-based payments – – – 1 358 – 1 358 – 1 358
Repurchase of equity interest – – – – (3 666) (3 666) – (3 666)
Balance at 28 February 2006 237 209 097 (11 990) 2 094 249 408 448 846 12 505 461 351
           
Difference arising on translation into USD (35) (31 523) 27 268 – – (4 290) (1 128) (5 418)
Translation difference on equity loans – – 8 758 – – 8 758 – 8 758
Recognised directly in equity (35) (31 523) 36 026 – – (4 468) (1 128) (3 340)
Attributable profit for the year – – – – 60 049 60 049 2 103 62 152
Total income/expense recognised for        
the year (35) (31 523) 36 026 – 60 049 64 517 975 65 492
New share issues 13 26 817 – – – 26 830 – 26 830
Capital distribution – (6 589) – – – (6 589) – (6 589)
Acquisitions/Disposals – – – – 2 765 2 765 1 372 4 137
Share-based payments – – – 1 375 – 1 375 – 1 375
Balance at 28 February 2007 215 197 802 24 036 3 469 312 222 537 744 14 852 552 596

Non-distributable reserves relate to foreign currency translation reserves.
The Group issues equity-settled and cash-settled share-based incentives to certain employees. 
Equity-settled share-based payments are measured at the fair value at the date of grant. 
The fair value determined at the grant date of the equity-settled share-based payments is expensed 
on a straight-line basis over the vesting period, based on the Group's estimate of the shares that will eventually vest. 
A liability equal to the portion of services received is recognised at the current fair value determined at each balance 
sheet date for cash-settled share-based payments.