44
ANNUAL REPORT 2015/2016
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
(In Singapore dollars)
Attributable to owners of the Company
Group
Note
Share
capital
$’000
Foreign
currency
translation
reserve
$’000
Retained
earnings
$’000
Other
reserves
$’000
Shareholders'
funds
$’000
Non-controlling
interests
$’000
Total
equity
$’000
Balance as at
1 April 2014
34,108
(4)
94,808 1,745 130,657
9,655
140,312
Profit for the financial year,
net of tax
–
–
5,021
– 5,021
453
5,474
Exchange difference on
translation of subsidiaries
–
(6,583)
–
– (6,583)
(452)
(7,035)
Net gain on hedge of net
investment in foreign
operation
–
3,540
–
– 3,540
–
3,540
Net fair value of loss on
derivatives
– –
–
(76) (76)
–
(76)
Total comprehensive
income/(loss) for the
financial year
–
(3,043)
5,021
(76) 1,902
1
1,903
Dividends paid on ordinary
shares
26
–
–
(6,125)
– (6,125)
–
(6,125)
Issuance of ordinary
shares pursuant to scrip
dividend scheme
24
2,531
–
–
– 2,531
–
2,531
Issuance of ordinary shares
pursuant to MTQ Share
Plan
24
250
–
–
(250) –
–
–
Share issuance expense
24
(82)
–
–
– (82)
–
(82)
Settlement of share-based
payment arrangement
–
–
–
(548) (548)
(83)
(631)
Employee equity benefits
expenses
–
–
–
758 758
18
776
Total contributions by and
distributions to owners
2,699
–
(6,125)
(40) (3,466)
(65)
(3,531)
Reduction in share capital
of a subsidiary
13
–
–
–
(133) (133)
(201)
(334)
Total changes in
ownership interests in
subsidiaries
–
–
–
(133) (133)
(201)
(334)
Balance as at 31 March
2015
36,807 (3,047)
93,704 1,496 128,960
9,390
138,350
STATEMENTS
OF CHANGES IN EQUITY
For the financial year ended 31 March 2016
