Creative 2010 Annual Report Download - page 52

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52
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
25. OTHER RESERVES
Group Company
2010 2009 2010 2009
US$’000 US$’000 US$’000 US$’000
(a) Composition:
Capital reserves 19,932 19,932 6,951 6,951
Share-based compensation reserves (Note (b)(i)) 42,362 40,589 27,878 26,107
Treasury shares reserve (Note (b)(ii)) (9) (9) (8) (9)
62,285 60,512 34,821 33,049
Other reserves are non-distributable.
Capital reserves arose from changes of interests in the group companies in prior nancial years. Share-based compensation
reserves comprised mainly of compensation expense for share options, tax benets relating to exercise of non qualied share
options by US employees and Chairman’s gift of shares to employees.
Group Company
2010 2009 2010 2009
US$’000 US$’000 US$’000 US$’000
(b) Movements:
(i) Share-based compensation reserves
Beginning of nancial year 40,589 39,359 26,107 24,877
Amortisation of deferred share
compensation (Note 5) 4,100 1,230 4,100 1,230
Utilisation of shares issued under
performance share plan (2,327) – (2,329) –
End of nancial year 42,362 40,589 27,878 26,107
(ii) Treasury shares reserve
Beginning of nancial year (9) (5) (9) (5)
Utilisation of shares issued under employee
options plans – (4) 1 (4)
End of nancial year (9) (9) (8) (9)
26. RETAINED EARNINGS
Movements in retained earnings for the Company are as follows:
Company
2010 2009
US$’000 US$’000
Beginning of nancial year 146,222 135,148
Net (loss) prot (26,062) 11,074
Dividends paid (Note 27) (4,930) –
End of nancial year 115,230 146,222
notes to tHe fInAncIAl stAteMents
– For the nancial year ended 30 June 2010