Page 56 - cosmosteel

ACHIEVING THE RIGHT BALANCE COSMOSTEEL ANNUAL REPORT 2013 54
Asset
Total Share Retained Revaluation Translation
Equity Capital Earnings Reserve Reserve
$’000 $’000 $’000 $’000 $’000
Group
Current Year:
Opening Balance at 1 October 2012 93,447 42,062 43,381 8,028 (24)
Movements in Equity:
Total Comprehensive Income for
the Year 9,217 – 6,364 2,776 77
Dividends Paid (Note 12) (3,300) – (3,300) – –
Transfer to Retained Earnings of
Difference Between Depreciation
on Carrying Revalued Amount
and Depreciation Based on
Original Cost – – 555 (555) –
Closing Balance at
30 September 2013 99,364 42,062 47,000 10,249 53
Previous Year:
Opening Balance at 1 October 2011 83,306 42,062 34,503 6,771 (30)
Movements in Equity:
Total Comprehensive Income for
the Year 12,781 – 11,056 1,719 6
Dividends Paid (Note 12) (2,640) – (2,640) – –
Transfer to Retained Earnings of
Difference Between Depreciation
on Carrying Revalued Amount
and Depreciation Based on
Original Cost – – 462 (462) –
Closing Balance at
30 September 2012 93,447 42,062 43,381 8,028 (24)
The accompanying notes form an integral part of these financial statements.
statements
of changes in equi t y
Year Ended 30 September 2013