inter roller fa final

Statement of Changes in EquityExchangeShare Share Revaluation fluctuation Dividend Retainedcapital premium reserve reserve reserve profits TotalThe Company $ $ $ $ $ $ $Balance at 1 January 2003 14,143,491 2,922,685 7,731,902 (833,283) 848,609 2,835,416 27,648,820Issue of share capital - Optionexercised 723,700 136,385 - - - - 860,085Exchange difference arising fromtranslation of investment inforeign subsidiary company notrecognised in income statement - - - (121,679) - - (121,679)Net profit for the year - - - - - 6,168,686 6,168,6862002 first and final tax exemptdividend of 1.2 cents per sharepaid - - - - (848,609) (15,196) (863,805)2003 interim tax exempt dividendof 1.0 cents per share paid - - - - - (738,023) (738,023)2003 second and final 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 7,731,902 (954,962) 2,973,438 5,277,445 32,954,084Issue of share capital - Optionexercised 442,400 243,960 - - - - 686,360Exchange difference arising fromhedging instrument notrecognised in income statement - - - (547,350) - - (547,350)Net profit for the year - - - - - 7,896,826 7,896,826Deficit on revaluation - - (1,582,692) - - - (1,582,692)2003 second and final taxexempt dividend of 4.0 centsper share paid - - - - (2,973,438) (65,680) (3,039,118)2004 first and interim tax exemptdividend of 2.0 centsper share paid - - - - - (1,525,959) (1,525,959)2004 second and final 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 6,149,210 (1,502,312) 4,592,877 6,989,755 34,842,151The annexed notes form an integral part of and should be read in conjunction with these financial statements.inter-roller engineering limited annual report2004 43