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Consolidated Statement of Changes in Equity for the year ended 31 December 2011
Share capital | Share premium | Other reserves | Retained earnings* | Total equity | |
---|---|---|---|---|---|
Balance as at 1 January 2011 | 10,733 | - | - | 417,205 | 427,938 |
Total comprehensive income | - | - | 9,611 | 160,190 | 169,801 |
Hedge valuation reserve | - | - | 4,758 | - | 4,758 |
Currency translation adjustment | - | - | 4,853 | - | 4,853 |
Net profit for the period | - | - | - | 160,190 | 160,190 |
Share issue | 3,201 | 1,295,103 | - | - | 1,298,304 |
Balance as at 31 December 2011 | 13,934 | 1,295,103 | 9,611 | 577,395 | 1,896,043 |
* The capital excluded from distribution amounts to PLN 4,645. In accordance with the provisions of the Commercial Companies Code, joint-stock companies are required to transfer at least 8% of their annual net profits to reserve capital until its amount reaches one third of the amount of their share capital.
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