Singapore Airlines 2010 Annual Report Download - page 142

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SINGAPORE AIRLINES
140
notes to the financial statements
31 march 2010
15 Other Reserves (in $ million)
(a) Capital reserve
Capital reserve mainly arises from the revaluation of land and buildings owned by RCMS Properties Private Limited, an
associated company and the gains or losses on the reissuance of treasury shares.
(b) Foreign currency translation reserve
The foreign currency translation reserve represents exchange differences arising from the translation of the financial
statements of foreign operations whose functional currencies are different from that of the Group’s presentation currency.
(c) Share-based compensation reserve
Share-based compensation reserve represents the equity-settled share options and awards granted to employees.
The reserve is made up of the cumulative value of services received from employees recorded on grant of equity-settled
share options and awards.
(d) Fair value reserve
Fair value reserve records the cumulative fair value changes of available-for-sale financial assets and the portion of
the fair value changes (net of tax) on derivative financial instruments designated as hedging instruments in cash flow
hedges that is determined to be an effective hedge.
Fair value changes of available-for-sale financial assets:
The Group The Company
31 March 31 March
2010 2009 2010 2009
Balance at 1 April (5.0) 0.9 (1.9) (0.4)
Net gain/(loss) on fair value changes 10.0 (5.9) 1.9 (1.5)
Balance at 31 March 5.0 (5.0) - (1.9)
Gain/(Loss) on fair value changes 10.8 (4.7) - (1.9)
Recognised in the profit and loss account
on disposal of available-for-sale investments (0.8) (1.2) 1.9 0.4
10.0 (5.9) 1.9 (1.5)