2006 - Eastern Caribbean Securities Exchange

Consolidated Statement of Changes in Equityfor the year ended 31st December, 2006Expressed in Thousands of Trinidad and Tobago dollarsEquity attritutable to the ParentUnallocatedNotes ESOP Stated Other Retained Minority Totalshares capital reserves earnings Total interests equityYear ended 31st December, 2006Balance at 1st January, 2006 (36,111) 466,206 (113,315) 715,061 1,031,841 107,277 1,139,118Currency translationand other adjustments 17 – – (10,676) – (10,676) (4,051) (14,727)Change in fair valueof swap net of tax 17 – – 2,854 – 2,854 – 2,854Allocation to employees and saleof ESOP shares net of dividends 19 1,341 – – 444 1,785 – 1,785Profit after tax – – – 145,665 145,665 6,102 151,767Dividends 18 – – – (12,488) (12,488) (815) (13,303)Balance at 31st December, 2006 (34,770) 466,206 (121,137) 848,682 1,158,981 108,513 1,267,494Balance at 1st January, 2005 (38,573) 466,206 (96,055) 607,796 939,374 122,341 1,061,715Currency translationand other adjustments 17 – – (14,187) – (14,187) (4,857) (19,044)Change in fair value of swap 17 – – (3,073) – (3,073) – (3,073)Allocation to employees and saleof ESOP shares net of dividends 19 2,462 – – 1,888 4,350 – 4,350Profit after tax – – – 160,326 160,326 (6,559) 153,767Dividends 18 – – – (54,949) (54,949) (3,648) (58,597)Balance at 31st December, 2005 (36,111) 466,206 (113,315) 715,061 1,031,841 107,277 1,139,118The accompanying notes form an integral part of these financial statements.Annual Report 2006