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StarHub Ltd Annual Report 2015

18 Reserves

Group Company
2015
2015 2014 2014 Overview
$m $m $m $m

Merger/Capital reserve – – 276.5 276.5
Goodwill written off (276.3) (276.3) – –
Share-based payments reserve
Hedging reserve 12.3 13.4 12.3 13.4
Translation reserve 0.5 (1.4) 0.5 (1.4)
Retained profits 1.3 0.8 –
129.9 –
156.3 (133.6) 992.2 823.2
(105.9) 1,281.5 1,111.7

The merger/capital reserve comprises reserve arising from the acquisition of a subsidiary, StarHub Cable Vision Ltd. (“SCV”), Strategy
on 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 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 Performance
instruments related to hedged transactions.

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

19 Total Revenue

Group Company Governance & Sustainability
2015
2015 2014 2014
$m $m $m $m

Mobile revenue 1,239.8 1,247.6 – –
Pay TV revenue 391.0 389.7 – –
Broadband revenue 200.3 201.9 – –
Fixed network services revenue 384.9 378.3 607.9 604.3
Sale of equipment 228.3 169.7 518.0 439.4
2,387.2 1,125.9 1,043.7
2,444.3

Financials