annual report - Pumpkin Patch investor relations
annual report - Pumpkin Patch investor relations
annual report - Pumpkin Patch investor relations
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PUMPKIN PATCH LIMITED & SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS 31 JULY 2010<br />
PUMPKIN PATCH LIMITED & SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS 31 JULY 2010<br />
20 RESERVES & RETAINED EARNINGS continued<br />
(ii) Share based payments reserve<br />
The share based payments reserve is used to recognise the fair value of instruments issued<br />
but not exercised.<br />
(iii) Foreign currency translation reserve<br />
Exchange differences arising on translation of the foreign controlled entity are taken to the<br />
foreign currency translation reserve, as described in note 2(D). The reserve is recognised in<br />
the Income Statement when the net investment is disposed of.<br />
21 DIVIDENDS<br />
Interim dividend for the period ended<br />
31 January 2010<br />
Final dividend for the period ended<br />
31 July 2009<br />
Consolidated and Parent - Year ended<br />
31 July 2010 31 July 2009 31 July 2010 31 July 2009<br />
Cents per<br />
share<br />
Cents per<br />
share $Õ000 $Õ000<br />
4.50 - 7,537 -<br />
4.50 - 7,503 -<br />
(iv) Foreign currency portfolio restructure reserve<br />
The foreign currency portfolio restructure reserve is used to record the mark-to-market gains<br />
realised from the realignment of the GroupÕs foreign currency forward cover during the<br />
2009 financial year. Amounts are recognised in the Income Statement in the period in<br />
which the original foreign currency contract was due to mature.<br />
Interim dividend for the period ended<br />
31 January 2009<br />
Final dividend for the period ended<br />
31 July 2008<br />
- 3.00 - 4,980<br />
- 3.50 - 5,868<br />
Total dividends provided for or paid 9.00 6.50 15,040 10,848<br />
(B) RETAINED EARNINGS/ (DEFICIT)<br />
Consolidated at Parent at<br />
31 July 2010 31 July 2009 31 July 2010 31 July 2009<br />
$Õ000 $Õ000 $Õ000 $Õ000<br />
All dividends paid were fully imputed. Supplementary dividends of $460,000 (2009:<br />
$354,000) were paid to shareholders not tax resident in New Zealand for which the<br />
Group received a foreign <strong>investor</strong> tax credit entitlement.<br />
Balance 1 August 13,551 51,138 (35,558) (3,650)<br />
Net profit/(loss) for the year 25,502 (26,739) 21,818 (21,060)<br />
Dividends (15,040) (10,848) (15,040) (10,848)<br />
Balance 31 July 24,013 13,551 (28,780) (35,558)<br />
20<br />
years<br />
young<br />
81
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