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2011/12 Annual Report Lenovo Group Limited
164
NOTES TO THE FINANCIAL STATEMENTS
31 Share premium and reserves – Company
The changes in the share premium and reserves of the Company during the years ended March 31, 2012 and 2011 are as
follows:
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, 2011 1,377,529 –4,259 1,003 63,280 (1,033) 3,570 423,131 1,871,739
Interest rate swap contracts
– Fair value loss, net of taxes –––––(745) – – (745)
– Reclassified to income
statement –––––1,778 – – 1,778
Loss for the year –––––––(75,188) (75,188)
Currency translation differences – – 4,697 – – – – – 4,697
Consideration for acquisition ––––––36,555 –36,555
Issue of ordinary shares 196,206 –––––––196,206
Exercise of share options 10,787 –––––––10,787
Vesting of shares under
long-term incentive program – – – – (76,620) – – – (76,620)
Share-based compensation – – – – 66,418 – – – 66,418
Dividends paid –––––––(116,144) (116,144)
At March 31, 2012 1,584,522 –8,956 1,003 53,078 –40,125 231,799 1,919,483
At April 1, 2010 1,341,118 2,836 9,522 497 76,054 (3,398) 3,570 570,311 2,000,510
Interest rate swap contracts
– Fair value loss, net of taxes – – – – – (3,668) – – (3,668)
– Reclassified to income
statement –––––6,033 – – 6,033
Loss 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