Consolidated Statement of Changes in Equity
For the year ended 30 June 2016
New World Development Company Limited
112
Financial Section
Share
capital
Retained
profits
Other
reserves
Share-
holders’
funds
Non-
controlling
interests
Total
HK$m HK$m HK$m HK$m HK$m HK$m
At 1 July 2015
66,711.6
98,427.6
13,779.4 178,918.6
43,439.4 222,358.0
Comprehensive income
Profit for the year
–
8,666.3
–
8,666.3
3,617.1
12,283.4
Other comprehensive income
Fair value changes of available-for-sale
financial assets
–
–
(837.1)
(837.1)
(237.8)
(1,074.9)
Release of reserve upon disposal of
available-for-sale financial assets,
net of taxation
–
–
(286.0)
(286.0)
(30.0)
(316.0)
Release of investment revaluation deficit
to the income statement upon
impairment of an available-for-sale
financial asset
–
–
411.1
411.1
259.3
670.4
Release of reserves upon disposal
of subsidiaries
–
–
(771.9)
(771.9)
(208.4)
(980.3)
Release of reserve upon disposal of
interest in a joint venture
–
–
(4.0)
(4.0)
–
(4.0)
Revaluation of investment properties
upon reclassification from property,
plant and equipment and land use
rights, net of taxation
–
–
10.9
10.9
4.2
15.1
Share of other comprehensive income of
joint ventures and associated companies
–
(8.9)
(1,291.5)
(1,300.4)
(699.2)
(1,999.6)
Remeasurement of post employment
benefit obligation
–
(8.0)
(1.4)
(9.4)
(5.7)
(15.1)
Cash flow hedges
–
–
(7.4)
(7.4)
(4.7)
(12.1)
Translation differences
–
–
(3,018.3)
(3,018.3)
(1,061.6)
(4,079.9)
Other comprehensive income
for the year
–
(16.9)
(5,795.6)
(5,812.5)
(1,983.9)
(7,796.4)
Total comprehensive income
for the year
–
8,649.4
(5,795.6)
2,853.8
1,633.2
4,487.0
Transactions with owners
Contributions by/(distributions to) owners
Dividends
–
(3,903.8)
–
(3,903.8)
(1,144.8)
(5,048.6)
Contributions from non-controlling interests
–
–
–
–
130.9
130.9
Issue of new shares as scrip dividends
2,884.6
–
–
2,884.6
–
2,884.6
Issue of new shares upon exercise of
share options
3.6
–
–
3.6
–
3.6
Employees’ share-based payments
–
–
77.7
77.7
11.6
89.3
Share options lapsed
–
307.6
(307.6)
–
–
–
Transfer of reserves
–
(33.3)
33.3
–
–
–
2,888.2
(3,629.5)
(196.6)
(937.9)
(1,002.3)
(1,940.2)
Changes in ownership interests in subsidiaries
Acquisition of subsidiaries (note 45(b))
–
–
–
–
2.1
2.1
Disposal of subsidiaries (note 45(d))
–
–
–
–
(236.5)
(236.5)
Acquisition of additional interests in
subsidiaries (note)
–
(2,117.8)
889.8
(1,228.0)
(22,829.2)
(24,057.2)
Deemed disposal of interests in subsidiaries
–
(33.1)
–
(33.1)
315.2
282.1
–
(2,150.9)
889.8
(1,261.1)
(22,748.4)
(24,009.5)
Total transactions with owners
2,888.2
(5,780.4)
693.2
(2,199.0)
(23,750.7)
(25,949.7)
At 30 June 2016
69,599.8 101,296.6
8,677.0 179,573.4
21,321.9 200,895.3
Note:
The acquisition of additional interests in subsidiaries mainly includes the privatisation of New World China Land Limited (“NWCL”)
(note 37).
