NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:20 pm – mac5 – 3776 Section 10c : 3776 Section 10cConsolidated statement of changes in equity (Continued)Equity attributable to shareholders of the parent company1111111111111111111111111341111111111111111111111111Staff CumulativeShare Treasury bonus Reserves changes in Retained Sub- Minoritycapital shares shares (Note 23) fair value earnings Total interest Total11111 11111 11111 11111 11111 11111 11111 11111 11111KD ‘000 KD ‘000 KD ‘000 KD ‘000 KD ‘000 KD ‘000 KD ‘000 KD ‘000 KD ‘000Balance at 1 January 2004 as previouslyreported ............................................................ 61,407 (8,303) 500 86,956 22,229 102,628 265,417 8,245 273,662Adjustment arising from application of revisedIAS 39 (Note 2) .................................................. – – – – 5,779 (5,779) – – –11111 11111 11111 11111 11111 11111 11111 11111 11111Balance at 1 January 2004 as restated.............. 61,407 (8,303) 500 86,956 28,008 96,849 265,417 8,245 273,66211111 11111 11111 11111 11111 11111 11111 11111 11111Changes in fair value of available for saleinvestments ...................................................... – – – – 5,742 – 5,742 24 5,766Share of fair value adjustment in associates ........ – – – – (234) – (234) – (234)Realised on sale of available for sale investments – – – – (8,352) (892) (9,244) – (9,244)Impairment in value of available for saleinvestments ...................................................... – – – – 968 (231) 737 – 737Transfer of excess depreciation ............................ – – – (12) – 12 – – –Surplus on revaluation of freehold property .......... – – – 180 – – 180 – 180Currency translation differences ............................ – – – 2,561 – – 2,561 5 2,56611111 11111 11111 11111 11111 11111 11111 11111 11111Net income/(expense) recognised directly inequity ................................................................ – – – 2,729 (1,876) (1,111) (258) 29 (229)Net profit for the period ........................................ – – – – – 42,217 42,217 2,060 44,27711111 11111 11111 11111 11111 11111 11111 11111 11111Total recognised income/(expense) for theperiod ................................................................ – – – 2,729 (1,876) 41,106 41,959 2,089 44,04811111 11111 11111 11111 11111 11111 11111 11111 11111Transfer on disposal of subsidiary ........................ – 2,041 – (1,168) (1,199) 1,168 842 14,922 15,764Transfer on disposal of investment property ........ – – – (113) – 113 – – –Issue of bonus shares .......................................... 9,211 – – – – (9,211) – – –Cash dividend to shareholders of the parent ........ – – – – – (20,914) (20,914) – (20,914)Purchase of treasury shares .................................. – (6,819) – – – – (6,819) – (6,819)Sale of treasury shares.......................................... – 12,006 – – – – 12,006 – 12,006Loss on sale of treasury shares ............................ – – – (183) – (496) (679) – (679)Dividend paid to minority by the subsidiary .......... – – – – – – – (1,271) (1,271)Transfer to reserves .............................................. – – – 4,857 – (4,857) – – –11111 11111 11111 11111 11111 11111 11111 11111 111119,211 7,228 – 3,393 (1,199) (34,197) (15,564) 13,651 (1,913)11111 11111 11111 11111 11111 11111 11111 11111 11111Balance at 31 December 2004 ............................ 70,618 (1,075) 500 93,078 24,933 103,758 291,812 23,985 315,79711111 11111 11111 11111 11111 11111 11111 11111 11111The notes set out on pages 9 to 34 form an integer part of the consolidated financial statements.F-52