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Consolidated statements of changes in equity
For the years ended December 31, 2008, 2007 and 2006
| Number of Shares | Number of shares held by the Group | Share Capital(i) | Share Premium(i) | Treasury shares | Retained profits/ (accumulated losses) (ii) | Other reserves(iii) | Total | Minority interest | Total equity | |
| '000 | '000 | US$ '000 |
US$ '000 |
US$ '000 |
US$ '000 |
US$ '000 |
US$ '000 |
US$ '000 |
US$ '000 |
|
| Balance as of January 1, 2006 |
99,704 | (655) | 149,555 | 315,602 | (8,833) | (141,502) | (15,217) | 299,605 | 34,179 | 333,784 |
| Profit for the year | – | – | – | – | – | 168,947 | – | 168,947 | (8,964) | 159,983 |
| Dividends paid to minority shareholders | – | – | – | – | – | – | – | – | (4,873) | (4,873) |
| Shares issued via the exercise of share options | 913 | 655 | 1,369 | 5,574 | 8,833 | – | (1,549) | 14,227 | – | 14,227 |
| Minority interest following acquisition of subsidiaries | – | – | – | – | – | – | – | – | 52,500 | 52,500 |
| Share based compensation (iv) | 67 | – | 101 | 2,262 | – | – | 10,487 | 12,850 | – | 12,850 |
| Transfer to accumulated losses | – | – | – | (101,937) | – | 101,937 | – | – | – | – |
| Fair value adjustment on financial assets | – | – | – | – | – | – | (3,308) | (3,308) | – | (3,308) |
| Currency translation differences | – | – | – | – | – | – | 12,553 | 12,553 | 4,672 | 17,225 |
| Balance as of December 31, 2006 |
100,684 | – | 151,025 | 221,501 | – | 129,382 | 2,966 | 504,874 | 77,514 | 582,388 |
| Profit for the year | – | – | – | – | – | 697,142 | – | 697,142 | 13,842 | 710,984 |
| Dividends paid to minority shareholders | – | – | – | – | – | – | – | – | (18,286) | (18,286) |
| Shares issued via the exercise of share options | 1,626 | – | 2,440 | 34,186 | – | – | (3,838) | 32,788 | – | 32,788 |
| Shares issued as payment of bonuses (vi) | 13 | – | 20 | 980 | – | – | – | 1,000 | – | 1,000 |
| Share based compensation (iv) | 9 | – | 14 | 741 | – | – | 18,473 | 19,228 | – | 19,228 |
| Issuance of shares - 2006 LTIP (iii) | 58 | – | 87 | 4,436 | – | – | (4,523) | – | – | – |
| Issuance of shares (vii) | 9 | – | 14 | 824 | – | – | – | 838 | – | 838 |
| Conversion of part of the 4% Convertible Notes (v) | 29 | – | 43 | 1,041 | – | – | (196) | 888 | – | 888 |
| Transfer to legal reserve | – | – | – | – | – | (1,526) | 1,526 | – | – | – |
| Currency translation differences | – | – | – | – | – | – | 31,149 | 31,149 | 7,359 | 38,508 |
| Balance as of December 31, 2007 |
102,428 | – | 153,643 | 263,709 | – | 824,998 | 45,557 | 1,287,907 | 80,429 | 1,368,336 |
| Profit for the year | – | – | – | – | – | 517,516 | – | 517,516 | (113,075) | 404,441 |
| Dividends paid to shareholders | – | – | – | – | – | (259,704) | – | (259,704) | – | (259,704) |
| Shares issued via the exercise of share options | 169 | – | 252 | 3,894 | – | – | (937) | 3,209 | – | 3,209 |
| Shares issued as payment of bonuses (vi) | 11 | – | 17 | 1,208 | – | – | – | 1,225 | – | 1,225 |
| Share based compensation (iv) | – | – | – | – | – | – | 11,666 | 11,666 | – | 11,666 |
| Issuance of shares (vii) | 9 | – | 14 | 1,025 | – | – | – | 1,039 | – | 1,039 |
| Issuance of shares - 2006 LTIP (iii) | 52 | – | 76 | 3,887 | – | – | (3,963) | – | – | – |
| Directors shares (iv) | 6 | – | 10 | 717 | – | – | – | 727 | – | 727 |
| Conversion of the 4% Convertible Notes (v) | 5,622 | – | 8,434 | 205,658 | – | – | (38,913) | 175,179 | – | 175,179 |
| Transfer to legal reserve | – | – | – | – | – | (262) | 262 | – | – | – |
| Currency translation differences | – | – | – | – | – | – | (60,846) | (60,846) | 6,805 | (54,041) |
| Balance as of December 31, 2008 |
108,297 | – | 162,446 | 480,098 | – | 1,082,548 | (47,174) | 1,677,918 | (25,841) | 1,652,077 |
- (i)See note 21.
- (ii)Includes profit for the year attributable to equity holders, of which $24 million (2007: $12 million; 2006: $6 million) are undistributable to equity holders.
- (iii)See note 23.
- (iv)See note 22.
- (v)See note 23 and 24.
- (vi)See note 26.
- (vii)Employees purchase of shares under the Matching share award Plans (see note 22).
- (viii)As at December 31, 2008, minority interest was negative as the minority shareholders of Colombia Movil S.A. ESP have a binding obligation to cover their share of the losses of this entity.
The accompanying notes are an integral part of these consolidated financial statements.
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