Next: Statement of Financial Position

Statement of Changes in Equity

For the year ended 31 December 2016

Note

Share Capital
$000

Retained Earnings
$000

Translation Reserve
$000

Total Equity
$000

Balance at 1 January 2015

29,975

20,927

187

51,089

Profit for the year

-

23,872

-

23,872

Foreign currency translation differences

-

-

(14)

(14)

Total comprehensive income for the year

-

23,872

(14)

23,858

Transactions with owners recorded directly in equity:

Dividends paid

22

-

(15,834)

-

(15,834)

Issue of shares

21

10,000

-

-

10,000

Share based contingent consideration

21

5,000

-

-

5,000

Dividend accrued on contingent consideration shares

-

(248)

-

(248)

Share based payments

21

2,341

-

-

2,341

Cancellation of non-vesting shares

21

(88)

50

-

(38)

Total transactions with owners recorded directly in equity

17,253

(16,032)

-

1,221

Balance at 31 December 2015

47,228

28,767

173

76,168

Profit for the year

-

9,182

-

9,182

Foreign currency translation differences

-

-

5

5

Total comprehensive income for the year

-

9,182

5

9,187

Transactions with owners recorded directly in equity:

Dividends paid

22

-

(16,094)

-

(16,094)

Issue of shares

21

69

-

-

69

Share based payments

21

345

-

-

345

Cancellation of non-vesting shares

21

(86)

86

-

-

Total transactions with owners recorded directly in equity

328

(16,008)

-

(15,680)

Balance at 31 December 2016

47,556

21,941

178

69,675

The accompanying notes form an integral part of these financial statements