Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
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Consolidated Statement of Changes in Equity<br />
For the year ended 30 September <strong>2006</strong><br />
Share Share Equity Retained<br />
Capital Premium Reserve Earnings Other Total<br />
$’000 $’000 $’000 $’000 $’000 $’000<br />
At 1 October 2004 1,663 52,417 – (74,510) 686 (19,744)<br />
Exchange differences on foreign operations – – – – (29) (29)<br />
Loss for the year – – – (2,197) – (2,197)<br />
Total income <strong>and</strong> expenses for year – – – (2,197) (29) (2,226)<br />
1,663 52,417 – (76,707) 657 (21,970)<br />
Reserve transfer – – – 686 (686) –<br />
Issue of ordinary share capital 2 55 – – – 57<br />
Share-based payments – – – 885 – 885<br />
At 30 September 2005 1,665 52,472 – (75,136) (29) (21,028)<br />
Implementation of IAS32/39 – – 2,744 (1,305) – 1,439<br />
At 1 October 2005 1,665 52,472 2,744 (76,441) (29) (19,589)<br />
Exchange differences on foreign operations – – – – (100) (100)<br />
Profit for the year – – – 10,807 – 10,807<br />
Total income <strong>and</strong> expenses for year – – – 10,807 (100) 10,707<br />
1,665 52,472 2,744 (65,634) (129) (8,882)<br />
Conversion of loan 217 10,213 (2,744) 1,543 – 9,229<br />
Issue of ordinary share capital 479 54,295 – – – 54,774<br />
Cost of issue of ordinary share capital – (5,605) – – – (5,605)<br />
Share-based payments – – – 1,820 – 1,820<br />
At 30 September <strong>2006</strong> 2,361 111,375 – (62,271) (129) 51,336<br />
Share Premium<br />
Share premium comprises the difference between the net proceeds <strong>and</strong> nominal value on issue of the Company’s equity share capital.<br />
Other Reserves<br />
Other reserves comprise:<br />
Special Reserve<br />
This reserve was used to record a reduction in capital during the year ended 30 September 1997. The special reserve was created following the cancellation of the<br />
share premium account as at 30 September 1997 of £1,112,000, against which was applied the debit balance on the profit <strong>and</strong> loss account at that time of £733,000.<br />
As no debts or claims against <strong>Optos</strong> at 30 September 1997 remain, the balance on special reserves of $686,000 has been reclassified to the profit <strong>and</strong> loss account.<br />
Foreign Exchange Reserve<br />
This reserve includes all cumulative differences on the translation of the Group’s net investment in foreign operations. <strong>Optos</strong> has elected to deem the cumulative<br />
differences on the retranslation into sterling of the Group’s net investment in foreign operations to be $nil as at 1 October 2004. As a result, in the event of the<br />
subsequent disposal of a foreign operation, any gain or loss on disposal will include cumulative translation differences arising only on or after 1 October 2004.<br />
38<br />
<strong>Optos</strong> plc <strong>Annual</strong> <strong>Report</strong> & <strong>Accounts</strong> <strong>2006</strong>