Annual Report and Accounts 2006 - Optos

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