In this section
- Independent auditor’s report
- Consolidated income statement
- Consolidated statement of comprehensive income
- Consolidated balance sheet
- Company balance sheet
- Consolidated statement of changes in equity
- Company statement of changes in equity
- Consolidated cash flow statement
- Company cash flow statement
- Notes to the financial statements
Financial Statements
Consolidated statement of changes in equity
| Note | Share capital USD’000 |
Share premium USD’000 |
Legal reserve USD’000 |
Merger reserve USD’000 |
Translation reserve USD’000 |
Hedging reserve USD’000 |
Retained earnings USD’000 |
Total USD’000 |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1 January 2010 | 18,682 | – | 31 | (22,422 | ) | 98 | – | 238,401 | 234,790 | |||||
| Profit for the year | – | – | – | – | – | – | 65,227 | 65,227 | ||||||
| Other comprehensive income: Currency translation differences |
– | – | – | – | 679 | – | – | 679 | ||||||
| Cash flow hedges | – | – | – | – | (134 | ) | (134 | ) | ||||||
| Total comprehensive income for the year |
– | – | – | – | 679 | (134 | ) | 65,227 | 65,227 | |||||
| Transactions with owners: Share-based payments: – value of services provided |
9 | – | – | – | – | – | – | 2,060 | 2,060 | |||||
| Treasury shares purchased | 27 | – | – | – | – | – | (3,475 | ) | (3,475 | ) | ||||
| Transfer to legal reserve | 28 | – | – | 2 | – | – | – | (2 | ) | – | ||||
| Dividends | 37 | – | – | – | – | – | – | (15,179 | ) | (15,179 | ) | |||
| Total transactions with owners | – | – | 2 | – | – | – | (16,596 | ) | (16,594 | ) | ||||
| At 31 December 2010 | 18,682 | 33 | (22,422 | ) | 777 | (134 | ) | 287,032 | 283,968 | |||||
| At 1 January 2011 | 18,682 | - | 33 | (22,422 | ) | 777 | (134 | ) | 287,032 | 283,968 | ||||
| Profit for the year | – | – | – | – | – | – | 63,290 | 63,290 | ||||||
| Other comprehensive income: Currency translation differences |
– | – | – | – | (854 | ) | – | – | (854 | ) | ||||
| Cash flow hedges | – | – | – | – | – | (1,046 | ) | – | (1,046 | ) | ||||
| Total comprehensive income for the year |
– | – | – | – | (854 | ) | (1,046 | ) | 63,290 | 61,390 | ||||
| Transactions with owners: Share-based payments: – value of services provided |
9 | – | – | – | – | – | – | 1,439 | 1,439 | |||||
| Treasury shares purchased | 27 | – | – | – | – | – | – | (455 | ) | (455 | ) | |||
| Proceeds received from exercise of share options | – | – | – | – | – | – | 187 | 187 | ||||||
| Proceeds from shares issued (net) | 27 | 4,870 | 211,776 | – | – | – | – | – | 216,646 | |||||
| Transfer to legal reserve | 28 | – | – | 2 | – | – | – | (2 | ) | – | ||||
| Dividends | 37 | – | – | – | – | – | – | (29,277 | ) | (29,277 | ) | |||
| Total transactions with owners | 4,870 | 211,776 | 2 | – | – | – | (28,108 | ) | 188,540 | |||||
| At 31 December 2011 | 23,552 | 211,776 | 35 | (22,422 | ) | (77 | ) | (1,180 | ) | 322,214 | 533,898 |
The notes form an integral part of these financial statements.
Explore
- Highlights 2011
- Lamprell at a Glance
- Performance
- Chairman’s statement
- Chief Executive’s Review
- Review of operations
- Risk assessment
- Financial review
- Corporate social responsibility
- Board of Directors
- Corporate governance
- Financial statements
- Download centre
- Shareholder information
Download a PDF of the 2011 Annual Report