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2010/11 Annual Report Lenovo Group Limited 127
31 Share premium and reserves – Company
The changes in the share premium and reserves of the Company during the years ended March 31, 2011 and 2010 are as
follows:
Share
premium
Convertible
rights in
respect of
convertible
preferred
shares
Exchange
reserve
Share
redemption
reserve
Share-based
compensation
reserve
Hedging
reserve
Other
reserve
Retained
earnings Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
At April 1, 2010 1,341,118 2,836 9,522 497 76,054 (3,398) 3,570 570,311 2,000,510
Fair value change on
interest rate swap – – – – – 2,365 – – 2,365
Profit for the year – – – – – – – (57,474) (57,474)
Currency translation
differences – – (5,263) – – – – – (5,263)
Conversion of Series A
cumulative convertible
preferred shares 98,073 (2,836) – – – – – – 95,237
Exercise of share options 24,948 ––– ––––24,948
Repurchase of shares (86,610) – – 506 – – – – (86,104)
Vesting of shares under
long-term incentive
program ––––(54,149) –––(54,149)
Share-based compensation – – – – 41,375 – – – 41,375
Dividends paid – – – – – – – (89,706) (89,706)
At March 31, 2011 1,377,529 –4,259 1,003 63,280 (1,033) 3,570 423,131 1,871,739
Share
premium
Convertible
rights in
respect of
convertible
preferred
shares and
warrants
Exchange
reserve
Share
redemption
reserve
Share-based
compensation
reserve
Hedging
reserve
Other
reserve
Retained
earnings Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
At April 1, 2009 1,106,379 42,159 12,925 497 92,684 (7,765) –545,702 1,792,581
Fair value change on
interest rate swap – – – – – 4,367 – – 4,367
Profit for the year –––– –––36,876 36,876
Currency translation
differences – – (3,403) – – – – – (3,403)
Issue of ordinary shares 63,141 – – – – – – – 63,141
Conversion of Series A
cumulative convertible
preferred shares 126,484 (3,970) – – – – – – 122,514
Exercise of share options 13,536 – – – – – – – 13,536
Exercise and repurchase
of warrants 31,578 (35,353) – – – – 3,570 –(205)
Vesting of shares under
long-term incentive
program ––––(68,043) – – – (68,043)
Share-based compensation ––––51,413 –––51,413
Dividends paid – – – – – – – (12,267) (12,267)
At March 31, 2010 1,341,118 2,836 9,522 497 76,054 (3,398) 3,570 570,311 2,000,510