NOTE 07
EQUITY
(CONTINUED)
(b) Reserves
Consolidated
2015
$’000
2014
$’000
Asset revaluation reserve
930,938
974,633
Cash flow hedging reserve - interest rate swap
(884)
(2,161)
Cash flow hedging reserve - foreign exchange
-
(22)
Profit reserves
204,841
127,643
1,134,895
1,100,093
Consolidated
2015
$’000
2014
$’000
Movements:
Revaluation surplus - Property, plant and equipment
Opening balance at 1 July
974,633
995,113
Revaluation on asset revaluation reserve
(62,422)
(29,099)
Income tax effect of asset revaluation
18,727
8,730
Asset revaluation reserve - asset disposal
-
(111)
Balance as at 30 June
930,938
974,633
Profit reserve
Opening balance at 1 July
127,643
-
Profit transferred into the reserve
134,598
163,643
Dividend paid
(57,400)
(36,000)
Balance as at 30 June
204,841
127,643
Cash flow hedges
Opening balance at 1 July
(2,183)
(5,517)
Hedge liability - interest rate swap
1,277
3,426
Hedge reserve - foreign exchange
22
(92)
Balance as at 30 June
(884)
(2,183)
1,134,895
1,100,093
84
