Singapore Airlines 2011 Annual Report Download - page 143

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ANNUAL REPORT 2010/2011 141
NOTES TO THE FINANCIAL STATEMENTS
31 March 2011
16 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
2011 2010 2011 2010
Balance at 1 April 5.0 (5.0) - (1.9)
Net (loss)/gain on fair value changes (2.0) 10.0 - 1.9
Balance at 31 March 3.0 5.0 - -
Gain/(Loss) on fair value changes 3.0 10.8 (0.1) -
Recognised in the profit and loss account
on disposal of available-for-sale investments (5.0) (0.8) 0.1 1.9
(2.0) 10.0 - 1.9