Page 25 - Escher Annual Report 2011

Escher Group Holdings plc Annual report 2011 23
Financial statements
Corporate governance
Business review
Overview
for the year ended 31 December 2011
Company statement of changes in equity
Equity
share
capital
US$’000
Share
premium
US$’000
Other
reserves
US$’000
Retained
earnings
US$’000
Total
equity
US$’000
Balance at 1 January 2010 13 — 158 — 171
Capital contribution in respect of employee
share based payments — — 267 — 267
Balance at 31 December 2010 13 — 425 — 438
Loss for the year — — — (727) (727)
Bonus issue of shares 40 — — (40) —
Share based payments 1 — 539 — 540
Proceeds from the issue of shares on IPO 63 23,773 — — 23,836
Shares issued in debt for equity swap on IPO 1 599 — — 600
Share issue costs — (3,488) — — (3,488)
Balance at 31 December 2011 118 20,884 964 (767) 21,199
The accompanying notes are an integral part of these financial statements.
On behalf of the Board
Liam Church Trevor McIntyre
Chief Executive Officer Finance Director
12 April 2012