Straco Corporation Limited • Annual Report 2014
70
NOTES TO THE FINANCIAL STATEMENTS
13
Reserves (cont’d)
Share option reserve
The share option reserve comprises the cumulative value of employee services received for the issue of share options.
Foreign currency translation reserve
The foreign currency translation reserve comprises:
(a)
exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from
the functional currency of the Company; and
(b)
exchange differences on translation of monetary items which in substance form part of the Company’s net investment in foreign operations.
Treasury shares
Treasury shares comprise the cost of the Company’s shares held by the Group. As at 31 December 2014, the Group held 21,470,000 of the Company’s
shares (2013: 25,190,000).
Capital reserve
Capital reserve arises from the gains or losses on the reissuance of own shares.
Dividends
The following dividends were declared or paid by the Group and the Company:
Group and Company
2014
2013
$
$
Paid by the Company to owners of the Company
2.00 cents per qualifying ordinary share (2013: 1.25 cents)
16,946,192
10,535,995
Group
2014
2013
$
$
Declared by a subsidiary to non-controlling interest
5% of distributed profits (2013: 5%)
69,573
1,257,184
After the reporting dates, the following exempt (one-tier) dividends were proposed by the directors. These exempt (one-tier) dividends have not been
provided for.
