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STATEMENTS OF CHANGES IN EQUITY
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2013
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
MTQ Corporat ion Limi ted Annual Repor t 2012/13 41
(In Singapore dollars)
Company Note
Share
capital
Treasury
shares
Retained
earnings
Other
reserve
Total
equity
$’000 $’000 $’000 $’000 $’000
Balance as at 1 April 2011 28,932 (3,992) 27,568 (18) 52,490
Profit for the financial year, net of tax – – 25,498 – 25,498
Total comprehensive income for the
financial year – – 25,498 – 25,498
Dividends paid on ordinary shares 27 – – (3,580) – (3,580)
Issuance of ordinary shares pursuant to scrip
dividend scheme 25 1,000 – – – 1,000
Share issuance expense 25 (75) – – – (75)
Total transactions with owners in their
capacity as owners 925 – (3,580) – (2,655)
Balance as at 31 March 2012 29,857 (3,992) 49,486 (18) 75,333
Balance as at 1 April 2012 29,857 (3,992) 49,486 (18) 75,333
Profit for the financial year, net of tax – – 17,993 – 17,993
Total comprehensive income for the
financial year – – 17,993 – 17,993
Dividends paid on ordinary shares 27 – – (3,637) – (3,637)
Sale of treasury shares – 3,976 – 2,187 6,163
Issuance of ordinary shares pursuant to
scrip dividend scheme 25 1,947 – – – 1,947
Share issuance expense 25 (64) – – – (64)
Transfer of treasury shares pursuant to
exercise of share options 25 – 16 – (4) 12
Total transactions with owners in their
capacity as owners 1,883 3,992 (3,637) 2,183 4,421
Balance as at 31 March 2013 31,740 – 63,842 2,165 97,747