26.
Other reserves
Group
Company
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Fair value reserve
550
–
550
–
Foreign currency translation reserve
(1,426)
(1,774)
–
–
Statutory reserve fund
793
707
–
–
Gain on reissuance of treasury shares
1,826
1,826
1,826
1,826
Premium paid on acquisition of non-controlling
interests
(3,827)
(2,549)
–
–
(2,084)
(1,790)
2,376
1,826
Fair value reserve
Group
Company
2015
$’000
2014
$’000
2015
$’000
2014
$’000
At beginning of the year
–
–
–
–
Change in fair value of available-for-sale financial
asset
550
–
550
–
At end of the year
550
–
550
–
Fair value reserve represents the cumulative fair value changes of available-for-sale financial assets until the assets are
derecognised or impaired.
Foreign currency translation reserve
Group
Company
2015
$’000
2014
$’000
2015
$’000
2014
$’000
At beginning of the year
(1,774)
(2,520)
–
–
Exchange differences on translating foreign
operations
348
746
–
–
At end of the year
(1,426)
(1,774)
–
–
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.
k i n g s m e n c r e a t i v e s l t d
a n n u a l r e p o r t 2 0 1 5
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9 7
