Page 160 - Annual Report 2014

17 Reserves Overview

Group Company
31 December
31 December 1 January 31 December 31 December
2014 2013 2013
(Restated) 2014 2013
$m (Restated)
$m $m $m $m Strategy

Treasury shares – (0.2) (0.2) – (0.2) Performance
Merger/Capital reserve – – – 276.5 276.5
Goodwill written off (276.3)
Share-based payments reserve 13.4 (276.3) (276.3) – –
Hedging reserve (1.4) 15.0 13.7 13.4 15.0
Translation reserve 0.8 (4.2) (7.0) (1.4) (4.2)
Retained profits 129.9 0.3 –
(133.6) 69.3 – –
104.6 823.2 661.3
(160.8) (200.5) 1,111.7 948.4

Treasury shares comprise the cost of the Company’s shares held by the Group.

The merger/capital reserve comprises reserve arising from the acquisition of a subsidiary, StarHub Cable Vision Ltd. (“SCV”), on Governance
2 July 2002 and the excess of the fair value of the Company’s shares issued as consideration for the acquisition of SCV over its
par value.

The goodwill written off represents the excess of consideration paid on the acquisition of subsidiaries prior to 1 January 2001

over the Group’s share of the fair value of net assets acquired.

The share-based payments reserve comprises the cumulative value of services received from employees and directors recorded Financials
in respect of the grant of share options and share awards.

The hedging reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging
instruments related to hedged transactions.

The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of
foreign operations.

18 Total Revenue Group Company

Mobile revenue 2014 2013 2014 2013
Pay TV revenue
Broadband revenue (Restated)
Fixed network services revenue
Sale of equipment $m $m $m $m

1,247.6 1,243.4 – –
389.7 386.0 – –
201.9 241.8 – –
378.3 368.3 604.3 609.5
169.7 130.1 439.4 402.3
1,043.7 1,011.8
2,387.2 2,369.6

StarHub Ltd | Annual Report 2014 157