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5 URBAN DEVELOPMENT CORPORATION Statement of Non-Consolidated Changes in Equity Year ended March 31, 2010

Capital Capital General contributions reserve reserve $’000 $’000 $’000 (note 12) (note 13) Balances at March 31, 2008: As previously reported Prior year adjustments (note 29) As restated

Revenue reserve $’000 (note 14)

Advances to the Government of Jamaica

Total $’000

(note 15)

222,788 -

7,801,005 325,718 (2,341,986) -

15,442,670 1,374,320

(292,924) 23,499,257 292,924 ( 674,742)

222,788

5,459,019 325,718

16,816,990

-

22,824,515

1,078,070 ( 1,015,075)

-

1,078,070 ( 1,015,075)

Total comprehensive income/(expense): Profit for the year: As previously reported Prior year adjustments (note 29)

-

-

-

-

-

-

Other comprehensive income/(expense) Revaluation adjustments on land and buildings: As previously reported Prior year adjustments (note 29) -

1,125,564 (1,356,443)

-

-

-

1,125,564 ( 1,356,443)

As restated Deferred tax on revaluations Arising on disposals

-

( 230,879) ( 13,850) ( 14,000)

-

-

-

( ( (

230,879) 13,850) 14,000)

Total other comprehensive expense

-

( 258,729)

-

-

-

(

258,729)

-

(

-

As restated

Transfers Balances at March 31, 2009, as restated

222,788

19,210)

62,995

-

62,995

19,210

-

16,899,195

-

22,628,781

-

4,107,362

-

4,107,362

119,881 80,971)

-

-

-

38,910

-

-

-

38,910

21,006,557

-

26,775,053

5,181,080 325,718

-

Total comprehensive income/(expense): Profit for the year

-

Other comprehensive income/(expense): Revaluation of increase on land and building Deferred tax on revaluations Total other comprehensive income Balances at March 31, 2010

222,788

-

(

5,219,990 325,718

The accompanying notes form an integral part of the financial statements.

(

119,881 80,971)

Annreport09 10