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SEE HUP SENG LIMITED
Annual Report 2012
37
Consolidated Statement of Changes in Equity
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012
Share
Capital
Treasury
Shares
Asset
Revaluation
Reserve
Capital
Reserve
Other
Reserve
Foreign
Currency
Translation
Reserve
Revenue
Reserve Total
Non-
Controlling
Interests
Total
Equity
S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000
Balance at
1 January 2012 89,388 (751) 2,461 1,589 (18,040) 1,095 1,958 77,700 265 77,965
Profit for the year – – – – – – 5,206 5,206 39 5,245
Other comprehensive
income for the year – – – – – (464) – (464) (2) (466)
Total comprehensive
income for the year – – – – – (464) 5,206 4,742 37 4,779
Exercise of warrants 5,565 – – (232) – – – 5,333 – 5,333
Acquisition of a
subsidiary – – – – – – – – 1,275 1,275
Expiry of warrants – – – (1,357) – – 1,357 – – –
Dividend paid (Note 34) – – – – – – (1,086) (1,086) – (1,086)
Profit warranty shortfall
(Note A) – – – – 1,353 – – 1,353 – 1,353
Share buyback – (2,475) – – – – – (2,475) – (2,475)
Balance at
31 December 2012 94,953 (3,226) 2,461 – (16,687) 631 7,435 85,567 1,577 87,144
Note A: Profit warranty shortfall was the amount paid by the vendors of a subsidiary who were previously non-controlling shareholders to compensate
the Company for not being able to meet the agreed profit targets.
Share Treasury
Asset
Revaluation Capital Other
Foreign
Currency
Translation Revenue
Non-
Controlling Total
Capital Shares Reserve Reserve Reserve Reserve Reserve Total Interests Equity
S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000
Balance at
1 January 2011 89,388 (751) 1,621 1,589 (18,040) 1,191 (3,154) 71,844 237 72,081
Profit for the year – – – – – – 7,970 7,970 33 8,003
Other comprehensive
income for the year – – 1,065 – – (96) – 969 (5) 964
Total comprehensive
income for the year – – 1,065 – – (96) 7,970 8,939 28 8,967
Transfer of revaluation
gain on disposal of
plant and equipment
recognised directly
in equity – – (225) – – – 225 – – –
Dividend paid (Note 34) – – – – – – (3,083) (3,083) – (3,083)
Balance at
31 December 2011 89,388 (751) 2,461 1,589 (18,040) 1,095 1,958 77,700 265 77,965
The accompanying notes form an integral part of the financial statements.