Positioning for the Future | 177
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
24 OTHER RESERVES
The Group
The Company
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Restated
Reserve for own shares
(36,989)
(51,691)
(36,989)
(51,691)
Capital reserve
460,967
415,047
287,245
287,245
Equity compensation reserve
97,906
120,800
46,348
53,415
Hedging reserve
24,928
(21,356)
–
–
Available-for-sale reserve
5,677
5,018
–
–
Foreign currency translation reserve
284,864
(121,145)
–
–
837,353
346,673
296,604
288,969
Reserve for own shares comprises the purchase consideration for issued shares of the Company acquired and
held in treasury.
The capital reserve comprises mainly the value of the options granted to bondholders to convert their convertible
bonds into ordinary shares of the Company and share of associates’ and joint ventures’ capital reserve.
The equity compensation reserve comprises the cumulative value of employee services received for the issue of
the options and shares under the share plans of the Company (note 22(b)).
The hedging reserve comprises the effective portion of the cumulative net change in the fair value of hedging
instruments related to hedged transactions that have not yet affected promt or loss.
The available-for-sale reserve comprises the cumulative net change in the fair value of available-for-sale investment
until the investment is derecognised.
The foreign currency translation reserve comprises all foreign exchange differences arising from the translation of
the mnancial statements of foreign entities, as well as from the translation of foreign currency loans used to hedge
or form part of the Group’s net investments in foreign entities.
