Mandarin Oriental International Limited - Mandarin Oriental Hotel ...

22 Revenue and other reserves
Revenue Capital Hedging Exchange
reserves reserves reserves reserves Total
US$m US$m US$m US$m US$m
2008
At 1st January 440.0 527.2 (2.0 ) (25.1 ) 940.1
Revaluation of properties
– net revaluation deficit – (65.6 ) – – (65.6 )
– deferred tax – 22.6 – – 22.6
Revaluation of other investments
– fair value gain 0.2 – – – 0.2
– deferred tax (0.1 ) – – – (0.1 )
Defined benefit pension plans
– actuarial loss (27.6 ) – – – (27.6 )
– deferred tax 4.6 – – – 4.6
Net exchange translation differences
– amount arising in year – – – (73.5 ) (73.5 )
– transfer to profit and loss (note 2) – – – (0.7 ) (0.7 )
Fair value loss on cash flow hedges – – (17.9 ) – (17.9 )
Deferred tax on fair value loss – – 3.6 – 3.6
Share-based payments – 4.2 – – 4.2
Profit attributable to shareholders 67.1 – – – 67.1
Dividends (refer note 24) (68.7 ) – – – (68.7 )
At 31st December 2008 415.5 488.4 (16.3 ) (99.3 ) 788.3
Of which:
– Company 411.2 14.5 – – 425.7
– Associates and joint venture (14.8 ) 103.3 (0.1 ) (55.0 ) 33.4
Annual Report 2008 67