KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
56
CONSOLIDATED
STATEMENT OF CHANGES
IN EQUITY
Year ended 31 December 2014
The accompanying notes form an integral part of these financial statements.
Note
Share
capital
Merger
deficit
Currency
translation
reserve
Accumulated
profits
Total
equity
$’000 $’000
$’000
$’000
$’000
Group
At 1 January 2013
3,370
–
(235)
40,226
43,361
Total comprehensive income for
the year
Profit for the year
–
–
–
17,093
17,093
Other comprehensive income
Translation differences relating to
financial statements of foreign
operations
–
–
49
–
49
Total comprehensive income for
the year
–
–
49
17,093
17,142
Transactions with owners,
recognised directly in equity
Contributions by and
distributions to owners
Adjustment pursuant to
restructuring exercise
(3,370) (32,763)
–
(3)
(36,136)
Issuance of restructuring shares
6 36,133
–
–
–
36,133
Dividends
24
–
–
–
(3,000)
(3,000)
Total transactions with owners
32,763 (32,763)
–
(3,003)
(3,003)
At 31 December 2013
36,133 (32,763)
(186)
54,316
57,500
