DF table

Back to Annual Report Listing Notes to Financial Statements
18. REVENUE AND OTHER RESERVES	Revenue reserves US$m	Capital reserves and contributed surplus US$m	Exchange reserves US$m	Total US$m

1997
At 1st January	402.7	456.0	(48.1)	810.6

Profit after taxation and minority interests from continuing activities	167.7	-	-	167.7
Discontinued activities	(38.4)	-	-	(38.4)

	129.3	-	-	129.3
Preference dividends	(13.6)	-	-	(13.6)
Ordinary dividends	(109.7)	-	-	(109.7)
Reserves arising on scrip issued in lieu of dividends	50.9	-	-	50.9
Net exchange translation differences	-	-	(55.9)	(55.9)
Other	(0.6)	-	-	(0.6)

At 31st December	459.0	456.0	(104.0)	811.0

of which:
Company	974.8	162.1	(14.7)	1,122.2
Associates	199.6	27.1	(2.3)	224.4


1996
At 1st January	454.0	366.5	(59.6)	760.9

Profit after taxation and minority interests from continuing activities	151.9	-	-	151.9
Discontinued activities and exceptional items	(110.4)	-	-	(110.4)

	41.5	-	-	41.5
Preference dividends	(13.6)	-	-	(13.6)
Ordinary dividends	(105.3)	-	-	(105.3)
Property revaluation surplus	-	89.2	-	89.2
Reserves arising on scrip issued in lieu of dividends	25.8	-	-	25.8
Transfer	-	0.3	(0.3)	-
Net exchange translation differences	-	-	11.8	11.8
Other	0.3	-	-	0.3

At 31st December	402.7	456.0	(48.1)	810.6

of which:
Company	892.3	162.1	50.4	1,104.8
Associates	186.0	27.1	(0.9)	212.2

Capital reserves include property revaluation reserves of US$294.1 million (1996: US$294.1 million). Under the Bye-Laws of the Company, the contributed surplus which amounts to US$162.1 million is distributable. In 1997, net exchange translation differences totalling US$55.9 million were mainly due to the depreciation of Australian Dollar (US$23.5 million), Singapore Dollar (US$13.4 million) and Spanish Peseta (US$8.5 million).