New World Development Company Limited
174
Financial Section
38 Reserves
Property
revaluation
reserve
Investment
revaluation
reserve
General
reserve
Employees’
share-based
compensation
reserve
Exchange
reserve
Retained
profits
Total
HK$m HK$m HK$m HK$m HK$m HK$m HK$m
At 1 July 2015
3,725.5
2,117.9
757.1
466.2
6,712.7
98,427.6
112,207.0
Fair value changes of available-for-
sale financial assets
–
(837.1)
–
–
–
–
(837.1)
Release of reserve upon disposal of
available-for-sale financial assets,
net of taxation
–
(286.0)
–
–
–
–
(286.0)
Release of investment revaluation deficit
to the income statement upon
impairment of an available-for-sale
financial asset
–
411.1
–
–
–
–
411.1
Employees’ share-based payments
–
–
–
77.7
–
–
77.7
Share options lapsed
–
–
–
(307.6)
–
307.6
–
Acquisition of additional interests in
subsidiaries
–
–
85.3
–
804.5
(2,117.8)
(1,228.0)
Release of reserves upon disposal
of subsidiaries
–
–
–
–
(771.9)
–
(771.9)
Release of reserves upon disposal
of interest in a joint venture
–
–
–
–
(4.0)
–
(4.0)
Deemed disposal of interests
in subsidiaries
–
–
–
–
–
(33.1)
(33.1)
Profit attributable to shareholders
–
–
–
–
–
8,666.3
8,666.3
Share of other comprehensive income of
joint ventures and associated companies
–
(10.5)
(68.8)
–
(1,212.2)
(8.9)
(1,300.4)
Cash flow hedges
–
–
(7.4)
–
–
–
(7.4)
Remeasurement of post
employment benefit obligation
–
–
(1.4)
–
–
(8.0)
(9.4)
Transfer of reserves
–
–
33.3
–
–
(33.3)
–
Revaluation of investment properties upon
reclassification from property, plant and
equipment and land use rights,
net of taxation
10.9
–
–
–
–
–
10.9
Translation differences
–
–
–
–
(3,018.3)
–
(3,018.3)
2015 final dividend paid
–
–
–
–
–
(2,699.1)
(2,699.1)
2016 interim dividend paid
–
–
–
–
–
(1,204.7)
(1,204.7)
At 30 June 2016
3,736.4
1,395.4
798.1
236.3
2,510.8
101,296.6
109,973.6