Annual Report 2005 - Leeden Limited

Statements of Changes in Equityfor the financial year ended 31 December 200525Attributable to equity holders of the CompanyForeign EmployeeAsset currency shareShare Share revaluation Capital translation option Accumulatedcapital premium reserve reserve reserve reserve losses Total$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000GroupBalance at 1 January 2004 22,820 15,335 2,022 433 (1,108) – (4,987) 34,515Reversal of deferred tax liability – – 48 – – – – 48Translation adjustment for the year – – – – (148) – – (148)Total gains and losses recognised directly in equity – – 48 – (148) – – (100)Net loss for the year – – – – – – (4,493) (4,493)Total recognised gains and losses for the year – – 48 – (148) – (4,493) (4,593)Issuance of ordinary shares 5,182 405 – – – – – 5,587Expense of share-based payments – – – – – 101 – 101Balance at 31 December 2004 28,002 15,740 2,070 433 (1,256) 101 (9,480) 35,610ACE DYNAMICS LIMITEDBalance at 1 January 2005- as previously reported 28,002 15,740 2,070 433 (1,256) – (9,379) 35,610- effect of adopting FRS 102 – – – – – 101 (101) –- as restated 28,002 15,740 2,070 433 (1,256) 101 (9,480) 35,610Disposal of a subsidiary company – – – (24) – – – (24)Negative goodwill arising on acquisitionof additional interests in a subsidiary company – – – 184 – – – 184Translation adjustment for the year – – – – 55 – – 55Total gains recognised directly in equity – – – 160 55 – – 215Net profi t for the year – – – – – – 622 622Total recognised gains for the year – – – 160 55 – 622 837Expense of share-based payments – – – – – 202 – 202Balance at 31 December 2005 28,002 15,740 2,070 593 (1,201) 303 (8,858) 36,649EmployeeShare Share share option Accumulatedcapital premium reserve losses Total$’000 $’000 $’000 $’000 $’000CompanyBalance at 1 January 2004 22,820 15,335 – (2,234) 35,921Issuance of ordinary shares 5,182 405 – – 5,587Net loss for the year – – – (7,077) (7,077)Total recognised losses for the year – – – (7,077) (7,077)Expense of share-based payments – – 25 – 25Balance at 31 December 2004 28,002 15,740 25 (9,311) 34,456Balance at 1 January 2005- as previously reported 28,002 15,740 – (9,286) 34,456- effect of adopting FRS 102 – – 25 (25) –- as restated 28,002 15,740 25 (9,311) 34,456Net loss for the year – – – (672) (672)Total recognised losses for the year – – – (672) (672)Expense of share-based payments – – 49 – 49Balance at 31 December 2005 28,002 15,740 74 (9,983) 33,833The accompanying accounting policies and explanatory notes form an integral part of the financial statements.ANNUAL REPORT 2005