Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
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Notes to the Financial Statements Continued<br />
22 Revenue and other reserves continued<br />
68 <strong>Mandarin</strong> <strong>Oriental</strong> <strong>International</strong> <strong>Limited</strong><br />
Revenue Capital Hedging Exchange<br />
reserves reserves reserves reserves Total<br />
US$m US$m US$m US$m US$m<br />
2007<br />
At 1st January 364.2 480.3 1.7 (54.2 ) 792.0<br />
Revaluation of properties<br />
– net revaluation surplus – 70.3 – – 70.3<br />
– deferred tax – (26.1 ) – – (26.1 )<br />
Revaluation of other investments<br />
– fair value gain 0.1 – – – 0.1<br />
Defined benefit pension plans<br />
– actuarial gain 7.6 – – – 7.6<br />
– deferred tax (1.4 ) – – – (1.4 )<br />
Net exchange translation differences<br />
– amount arising in year – – – 37.4 37.4<br />
– transfer to profit and loss (note 2) – – – (8.3 ) (8.3 )<br />
Fair value loss on cash flow hedges – – (5.2 ) – (5.2 )<br />
Deferred tax on fair value loss – – 1.5 – 1.5<br />
Share-based payments – 2.7 – – 2.7<br />
Profit attributable to shareholders 108.2 – – – 108.2<br />
Dividends (refer note 24) (38.7 ) – – – (38.7 )<br />
At 31st December 2007 440.0 527.2 (2.0 ) (25.1 ) 940.1<br />
Of which:<br />
– Company 91.9 10.3 – – 102.2<br />
– Associates and joint venture (10.1 ) 114.4 – (44.7 ) 59.6<br />
Capital reserves include property revaluation reserves of US$220.0 million net of attributable deferred tax of<br />
US$71.0 million (2007: US$262.8 million net of attributable deferred tax of US$93.7 million) which are<br />
non-distributable in certain territories in which the Group operates.