XML 106 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Subtotal
Share capital (Note 23)
Share premium (Note 23)
Cumulative translation adjustment
Equity-settled compensation
Cash flow hedge
Other reserves
Treasury shares
Revaluation surplus
Reserve from the sale of non-controlling interests in subsidiaries
Retained earnings
Non- controlling interest
Balance at beginning of period at Dec. 31, 2016 $ 712,304 $ 700,334 $ 183,573 $ 937,250 $ (533,120) $ 17,218 $ (37,299)   $ (1,859)   $ 41,574 $ 92,997 $ 11,970
Profit / (Loss) for the year 14,975 13,198                   13,198 1,777
Exchange differences on translating foreign operations (21,233) (19,484)     (19,484)               (1,749)
Cash flow hedge, net of tax [1] 12,608 12,608         12,608           0
Other comprehensive (loss) / income for the year (8,625) (6,876)     (19,484)   12,608           (1,749)
Total comprehensive (loss) / income for the year 6,350 6,322     (19,484)   12,608         13,198 28
Employee share options, exercised 39 39   50   (21)     10        
Employee share options, forfeited           (14)           14  
Value of employee services 5,552 5,552       5,552              
Restricted shares, vested       4,149   (4,883)     734        
Purchase of own shares (Note 22) (38,367) (38,367)   (32,515)         (5,852)        
Dividends (2,859)                       (2,859)
Balance at end of period at Dec. 31, 2017 683,019 673,880 183,573 908,934 (552,604) 17,852 (24,691) $ 0 (6,967) $ 0 41,574 106,209 9,139
Adjustment of opening balance for the application of IAS 29 208,178 187,941                   187,941 20,237
Balance at beginning of period 891,197 861,821 183,573 908,934 (552,604) 17,852 (24,691) 0 (6,967) 0 41,574 294,150 29,376
Profit / (Loss) for the year (23,233) (24,622)                   (24,622) 1,389
Exchange differences on translating foreign operations (121,296) (113,433)     (113,433)               (7,863)
Cash flow hedge, net of tax [2] (32,195) (32,193)         (32,193)           (2)
Revaluation surplus [3] 405,906 383,889               383,889     22,017
Other comprehensive (loss) / income for the year 252,415 238,263     (113,433)   (32,193)     383,889     14,152
Total comprehensive (loss) / income for the year 229,182 213,641     (113,433)   (32,193)     383,889   (24,622) 15,541
Reserves for the benefit of government grants [4]               32,380       (32,380)  
Employee share options, forfeited           (40)           40  
Value of employee services 3,899 3,899       3,899              
Restricted shares, vested       4,775   (5,520)     745        
Purchase of own shares (Note 22) (15,725) (15,725)   (13,206)         (2,519)        
Dividends (408)                       (408)
Balance at end of period at Dec. 31, 2018 1,108,145 [3] 1,063,636 [3] 183,573 [3] 900,503 [3] (666,037) [3] 16,191 [3] (56,884) [3] 32,380 (8,741) [3] 383,889 41,574 [3] 237,188 [3] 44,509 [3]
Profit / (Loss) for the year 342 (772)                   (772) 1,114
Exchange differences on translating foreign operations (27,828) (26,461)     (14,278)         (12,183)     (1,367)
Cash flow hedge, net of tax [5] (19,420) (19,419)         (19,419)           (1)
Revaluation surplus [6] (31,929) (28,785)               (28,785)     (3,144)
Reserve of the revaluation surplus derived from the disposals of assets [7]                   (5,044)   5,044  
Other comprehensive (loss) / income for the year (79,177) (74,665)     (14,278)   (19,419)     (46,012)   5,044 (4,512)
Total comprehensive (loss) / income for the year (78,835) (75,437)     (14,278)   (19,419)     (46,012)   4,272 (3,398)
Reserves for the benefit of government grants [8]               34,791       (34,791)  
Value of employee services 3,612 3,612       3,612              
Restricted shares, vested 721 721   4,455   (4,449)     715        
Restricted shares, forfeited               5 (5)        
Restricted shares, granted               (1,129) 1,129        
Purchase of own shares (Note 22) (4,263) (4,263)   (3,219)         (1,044)        
Dividends (497)                       (497)
Balance at end of period at Dec. 31, 2019 $ 1,028,883 $ 988,269 $ 183,573 $ 901,739 $ (680,315) $ 15,354 $ (76,303) $ 66,047 $ (7,946) $ 337,877 $ 41,574 $ 206,669 $ 40,614
[1] Net of (8,715) of income tax.
[2] Net of 11,322 of Income tax.
[3] Net of 139,223 of Income tax.
[4] Correspond to the presumed credit of ICMS (Imposto sobre Circulação de Mercadorias e Prestação de Serviços) over the sale values in our Sugar, ethanol and energy business. (please see Note 25).
[5] Net of (6,752) of Income tax.
[6] Net of 10,480 of Income tax.
[7] Net of 2,978 of Income tax.
[8] Correspond to the presumed credit of ICMS (Imposto sobre Circulação de Mercadorias e Prestação de Serviços) over the sale values in our Sugar, ethanol and energy business. (please see Note 25).