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GB Auto and its Subsidiaries (S.A.E)
Notes to the Consolidated Financial Statements
For the year ended 31 December 2012
(In the notes all amounts are shown in thousand Egyptian pounds unless otherwise stated)
79
GB Auto
•
2012 ANNUAL REPORT
The share premium is the difference between the amount paid and par value for issued shares:
Paid amount No. of shares (in
thousands)
Face value Issued capital shares issuance
premium
Public subscription
277,500
7,500
EGP 1
7,500
270,000
Private subscription
618,357
16,712
EGP 1
16,712
601,645
Special subscription (for Cairo Individual
Transport Industrial ”CITI” sharehold-
ers)
209,997
5,676
EGP 1
5,676
204,321
Private subscription Almora Resources
Company
103,000
3,275
EGP 1
3,275
99,725
1,208,854
33,163
33,163
1,175,691
28. Other reserves
Foreign
currency
translation
reserve
Shares option
– managing
director
Fixed asset
evaluation
surplus
Special reserve
Total
Balance at 1 January 2012
37,136
20,984
2,498
975,688
1,036,306
Stock option - managing director
-
1,364
-
-
1,364
Foreign currency translation differences
19,527
-
-
-
19,527
Treasury shares write off
-
-
-
(2,990)
(2,990)
Loss on sale of treasury shares
-
-
-
(2,114)
(2,114)
Balance at 31 December 2012
56,663
22,348
2,498
970,584
1,052,093
The other reserve consists of the determined amount from the net share premium for shares of 2007 less the amount transferred to the
legal reserve (Note 25).
The special reserve was decreased by an amount of EGP 2,990 thousands which represents the difference between treasury shares purchasing cost
amounted to EGP 3,097 thousands and the par value of these shares amounted to 107 thousands which was written off during the year (Note 24).
The special reserve was decreased by an amount of EGP 2,114 thousands which represents the differences between treasury shares pur-
chasing cost amounted to EGP 6,365 thousands and reselling price amounted to EGP 4,251 thousands (Note 24).
29. Minority interest
Total
Capital
Reserves
Retained
earnings
2012
2011
Balance at 1 January
278,872
2,682
62,388
343,942
303,787
Profit for the year
-
-
58,134
58,134
32,359
Currency translation differences
-
16,556
16,556
2,181
Dividends
-
(21,459)
(21,459)
(1,519)
Capital increase
27,280
-
-
27,280
7,134
Balance at 31 December
306,152
19,238
99,063
424,453
343,942