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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
(Previously stated)
Increase / (Decrease)
[1]
Subtotal
Subtotal
(Previously stated)
Subtotal
Increase / (Decrease)
Share capital (Note 23)
Share capital (Note 23)
(Previously stated)
Share premium (Note 23)
Share premium (Note 23)
(Previously stated)
Cumulative translation adjustment
Cumulative translation adjustment
(Previously stated)
Cumulative translation adjustment
Increase / (Decrease)
Equity-settled compensation
Equity-settled compensation
(Previously stated)
Cash flow hedge
Cash flow hedge
(Previously stated)
Other reserves
Other reserves
(Previously stated)
Treasury shares
Treasury shares
(Previously stated)
Revaluation surplus
Revaluation surplus
(Previously stated)
Reserve from the sale of non-controlling interests in subsidiaries
Reserve from the sale of non-controlling interests in subsidiaries
(Previously stated)
Retained earnings
Retained earnings
(Previously stated)
Retained earnings
Increase / (Decrease)
Non- controlling interest
Non- controlling interest
(Previously stated)
Non- controlling interest
Increase / (Decrease)
[1]
Balance at beginning of period at Dec. 31, 2017 $ 891,197 $ 891,197 $ 0 $ 861,821 $ 861,821 $ 0 [1] $ 183,573 $ 183,573 $ 908,934 $ 908,934 $ (364,663) $ (552,604) $ 187,941 [1] $ 17,852 $ 17,852 $ (24,691) $ (24,691) $ 0 $ 0 $ (6,967) $ (6,967) $ 0 $ 0 $ 41,574 $ 41,574 $ 106,209 $ 294,150 $ (187,941) [1] $ 29,376 $ 29,376 $ 0
(Loss) profit for the year (23,233) [2],[3]     (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 [4] (32,195)     (32,193)                       (32,193)                         (2)    
Revaluation surplus [5] 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 [6] 0     0                           32,380               (32,380)     0    
Employee share options, forfeited 0     0                   (40)                       40     0    
Value of employee services 3,899     3,899                   3,899                             0    
Restricted shares, vested 0     0         4,775         (5,520)           745                 0    
Purchase of own shares (Note 22) (15,725)     (15,725)         (13,206)                     (2,519)                 0    
Dividends (408)     0                                                 (408)    
Balance at end of period at Dec. 31, 2018 1,108,145 [7]     1,063,636 [7] 1,063,636 0 183,573 [7]   900,503 [7]   (478,096) [7] (666,037) 187,941 16,191 [7]   (56,884) [7]   32,380 [7]   (8,741) [7]   383,889 [7]   41,574 [7]   49,247 [7] 237,188 (187,941) 44,509 [7]    
(Loss) profit for the year 342 [2],[3]     (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 [8] (19,420)     (19,419)                       (19,419)                         (1)    
Revaluation surplus [9],[10] (31,929)     (28,785)                                   (28,785)             (3,144)    
Reserve of the revaluation surplus derived from the disposals of assets [10] 0     0                                   (5,044)       5,044     0    
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 [11] 0     0                           34,791               (34,791)     0    
Employee share options, forfeited 0     0                   0       5   (5)           0     0    
Value of employee services 3,612     3,612                   3,612                             0    
Restricted shares, vested 721     721         4,455         (4,449)           715                 0    
Restricted shares, granted [10] 0     0                           (1,129)   1,129                 0    
Purchase of own shares (Note 22) (4,263)     (4,263)         (3,219)                     (1,044)                 0    
Dividends (497)     0                                                 (497)    
Balance at end of period at Dec. 31, 2019 1,028,883 [12]     988,269 $ 988,269 $ 0 183,573   901,739   (492,374) $ (680,315) $ 187,941 15,354   (76,303)   66,047   (7,946)   337,877   41,574   18,728 $ 206,669 $ (187,941) 40,614    
(Loss) profit for the year 1,070     412                                           412     658    
Exchange differences on translating foreign operations (78,961)     (77,843)             (62,670)                     (15,173)             (1,118)    
Cash flow hedge, net of tax [13] (14,386)     (14,386)                       (14,386)                         0    
Revaluation surplus [14] 29,453     28,464                                   28,464             989    
Reserve of the revaluation surplus derived from the disposals of assets [15] 0     0                                   (7,598)       7,598     0    
Other comprehensive (loss) / income for the year (63,894)     (63,765)             (62,670)         (14,386)           5,693       7,598     (129)    
Total comprehensive (loss) / income for the year (62,824)     (63,353)             (62,670)         (14,386)           5,693       8,010     529    
Reserves for the benefit of government grants [16] 0     0                           18,067               (18,067)     0    
Value of employee services 3,266     3,266                   3,266                             0    
Restricted shares, vested 1,224     1,224         4,182         (3,825)       383   484                 0    
Restricted shares, forfeited 0                                 36   (36)                 0    
Restricted shares, granted                                   (1,127)   1,127                      
Purchase of own shares (Note 22) (4,365)     (4,365)         (3,106)                     (1,259)                 0    
Dividends (2,460)     0                                                 (2,460)    
Balance at end of period at Dec. 31, 2020 $ 963,724     $ 925,041     $ 183,573   $ 902,815   $ (555,044)     $ 14,795   $ (90,689)   $ 83,406   $ (7,630)   $ 343,570   $ 41,574   $ 8,671     $ 38,683    
[1] Prior periods have been recast to reflect the Company's change in accounting policy for the classification of the adjustment of opening balance for the application of IAS 29 as explained in Note 34.
[2] Prior periods have been recast to reflect the Company's change in accounting policy for the reclassification within financial results as explained in Note 34.1
[3] Prior periods have been recast to reflect the Company's change in accounting policy for the reclassification within financial results as explained in Note 34.1.
[4] Net of 11,322 of income tax.
[5] Net of 139,223 of Income tax.
[6] 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).
[7] Prior periods have been recast to reflect the Company's change in accounting policy for the classification of the adjustment of opening balance for the application of IAS 29 as explained in Note 34.
[8] Net of 6,752 of Income tax
[9] Net of 10,480 of Income tax.
[10] Net of 2,978 of Income tax.
[11] 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).
[12] Prior periods have been recast to reflect the Company's change in accounting policy for the reclassification within shareholders equity of the initial application of IAS 29 as explained in Note 34.1.
[13] Net of 5,729 of Income tax.
[14] Net of 11,790 of Income tax.
[15] Net of 3,458 of Income tax.
[16] 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).