Singapore Airlines 2012 Annual Report Download - page 145

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143ANNUAL REPORT 2011/2012
Notes to the Financial Statements
31 March 2012
16 Other Reserves (in $ million)
The Group The Company
31 March 31 March
2012 2011 2012 2011
Capital reserve 99.1 91.8 (8.1) 2.5
Foreign currency translation reserve (186.3) (186.1) - -
Share-based compensation reserve 165.9 172.6 133.7 138.5
Fair value reserve (47.6) (138.0) (9.8) (94.2)
General reserve 11,264.6 12,474.7 11,133.4 12,298.9
11,295.7 12,415.0 11,249.2 12,345.7
(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
2012 2011 2012 2011
Balance at 1 April 3.0 5.0 - -
Net loss on fair value changes (2.2) (2.0) (0.3) -
Balance at 31 March 0.8 3.0 (0.3) -
(Loss)/Gain on fair value changes (2.4) 3.0 (0.3) (0.1)
Recognised in the profit and loss account
on disposal of available-for-sale investments 0.2 (5.0) - 0.1
(2.2) (2.0) (0.3) -