NOTES TO THE FINANCIAL STATEMENTS: CAPITAL STRUCTURE AND FINANCIAL COSTS FAIRFAX MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 28 JUNE 2015
RESERVES 28 JUNE 2015 $’000
29 JUNE 2014 $’000
(A)
477
753
Foreign currency translation reserve, net of tax
(B)
(125,751)
(110,148)
Cashflow hedge reserve, net of tax
(C)
(2,672)
(4,179)
Net investment hedge reserve, net of tax
(D)
(17,338)
(18,094)
Share-based payment reserve, net of tax
(E)
14,819
11,231
Acquisition reserve
(F)
158,336
182,706
General reserve
(G)
(6,837)
(6,837)
21,034
55,432
753
41
(257)
820
-
16
(19)
(129)
-
5
477
753
NOTE Asset revaluation reserve, net of tax
Total reserves (A) ASSET REVALUATION RESERVE Balance at beginning of the financial year Revaluation of available for sale investments Impairment losses transferred to the income statement Disposal of available for sale investments Tax effect on available for sale investments Balance at end of the financial year
The asset revaluation reserve is used to record increments and decrements on the revaluation of non-current assets. From 1 July 2004, changes in the fair value of investments classified as available for sale investments are recognised in the asset revaluation reserve.
NOTE
28 JUNE 2015 $’000
29 JUNE 2014 $’000
(110,148)
(132,599)
(B) FOREIGN CURRENCY TRANSLATION RESERVE Balance at beginning of the financial year Exchange differences on currency translation Balance at end of the financial year
(15,603)
22,451
(125,751)
(110,148)
The foreign currency translation reserve is used to record exchange differences arising on translation of foreign controlled entities and associated funding of foreign controlled entities, as described in Note 30(B).
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