NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2015
113
GKE CORPORATION LIMITED
ANNUAL REPORT 2015
23.
OTHER RESERVES
Other reserves comprise the following:
Group
Company
Note
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Foreign currency translation reserve (i)
1,886
349
–
–
Revaluation reserve
(ii)
15,923
15,872
–
–
Fair value reserve
(iii)
–
125
–
125
Other reserves
(iv)
42
–
–
–
17,851
16,346
–
125
Movements in other reserves are as follow:
(i) 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.
(ii) Revaluation reserve
The revaluation reserve represents increases in the fair value of leasehold buildings and improvements,
net of tax, and decreases to the extent that such decrease relates to an increase on the same asset
previously recognised in other comprehensive income.
(iii) Fair value reserve
Fair value adjustment reserve represents the cumulative fair value changes, net of tax, of available-
for-sale financial assets until they are disposed of or impaired.
(iv) Other reserves
Other reserves represent the gain on acquisition of non-controlling interests without a change in control.
