inter roller fa final
inter roller fa final
inter roller fa final
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Statement of Changes in EquityExchangeShare Share Revaluation fluctuation Statutory Dividend Retainedcapital premium reserve reserve reserve reserve profits TotalThe Group $ $ $ $ $ $ $ $Balance at 1 January 2003 14,143,491 2,922,685 7,608,740 (821,008) - 848,609 2,280,940 26,983,457Issue of share capital - Optionexercised 723,700 136,385 - - - - - 860,085Exchange difference arising fromtranslation of investment inforeign subsidiary not recognisedin income statement - - - (131,902) - - - (131,902)Net profit for the year - - - - - - 6,577,468 6,577,4682002 first and <strong>final</strong> tax exemptdividend of 1.2 cents pershare paid - - - - - (848,609) (15,196) (863,805)2003 <strong>inter</strong>im tax exempt dividendof 1.0 cent per share paid - - - - - - (738,023) (738,023)2003 second and <strong>final</strong> taxexempt dividend of 4.0 centsper share proposed - - - - - 2,973,438 (2,973,438) -Balance at 31 December 2003 14,867,191 3,059,070 7,608,740 (952,910) - 2,973,438 5,131,751 32,687,280Issue of share capital - Optionexercised 442,400 243,960 - - - - - 686,360Exchange difference arising fromtranslation of investment inforeign subsidiary companiesnot recognised in incomestatement - - - (331,554) - - - (331,554)Exchange difference arising fromhedging instrument notrecognised in income statement - - - (547,350) - - - (547,350)Net profit for the year - - - - - - 10,274,432 10,274,432Deficit on revaluation - - (908,165) - - - - (908,165)Transfer of 10% net profit of IR(Middle East) LLC up to 50% of paid-upcapital to statutory reserve - - - - 66,460 - (66,460) -2003 second and <strong>final</strong> taxexempt dividend of 4.0 centsper share paid - - - - - (2,973,438) (65,680) (3,039,118)2004 <strong>inter</strong>im taxexempt dividend of 2.0 centsper share paid - - - - - - (1,525,959) (1,525,959)2004 second and <strong>final</strong> dividendof 5.0 cents per share lesstax of 20% proposed - - - - - 4,592,877 (4,592,877) -Balance at 31 December 2004 15,309,591 3,303,030 6,700,575 (1,831,814) 66,460 4,592,877 9,155,207 37,295,926The annexed notes form an integral part of and should be read in conjunction with these financial statements.42 <strong>inter</strong>-<strong>roller</strong> engineering limited annual report2004