Annual Report 2010 - Leeden Limited

A Stronger Leeden in Asia.Notes to the Financial Statementsfor the Financial Year ended 31 December 201031. Share capital and treasury shares(a)Share capitalGroup and CompanyNo. of shares‘000 $’000Issued and fully paid ordinary shares:At 1 January 2009 176,050 52,900Exercise of employee share options 10 3Exercise of bonus warrants 3,680 919At 31 December 2009 and 1 January 2010 179,740 53,822Exercise of employee share options 640 157At 31 December 2010 180,380 53,979The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared bythe Company. All ordinary shares carry one vote per share without restrictions. The ordinary shares have no parvalue.Details of outstanding share options of the Company are set out in Note 33.Proceeds from the exercise of the bonus warrants are used as working capital in the Company.(b)Treasury sharesGroup and CompanyNo. of shares‘000 $’000At 1 January 2009 3,127 1,217Acquired during the financial year 2,387 805At 31 December 2009 and 1 January 2010 and 31 December 2010 5,514 2,022Treasury shares relate to ordinary shares of the Company that is held by the Company.In 2009, the Company acquired 2,387,000 shares in the Company through purchases on the Singapore Exchange.The total amount paid to acquire the shares was $805,000 and this was presented as a component withinshareholder’s equity. There are no such transactions in the current year.32. Asset revaluation reserve, capital reserve, employee share option reserve and foreign currency translationreserveAsset revaluation reserveThe asset revaluation reserve represents increases from the revaluation of the leasehold property in 1989 as mentionedin Note 10.Capital reserveThe capital reserve is not available for distribution as dividends and the Company’s assets.88