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Whitehaven Coal Limited : Annual Report 2010
Whitehaven Coal Limited -- Annual Report 2010 91 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2010 26. SHARE CAPITA L AND RESERVES Consolidated In thousands of AUD 2010 2009 a)S hare capital Fully paid ordinary shares 493,650,070 (2009: 407,213,601) 591,176 367,352 b)M ovements in shares on issue Ordinary shares Consolidated 2010 2009 Nos of shares 000's $000's Nos of shares 000's $000's Beginning of the financial year 407,213 367,352 391,918 351,374 Issued for cash 71,684 214,886 -- -- Exercise of share options 14,753 14,753 15,295 15,295 Transfer from share based payments reserve -- -- -- 1,041 Costs of shares issued, net of tax -- (5,815) -- (358) 493,650 591,176 407,213 367,352 The Company has also issued share options (see note 33). c) Terms and conditions of issued capital Fully paid ordinary shares carry one vote per share, either in person or by proxy, at a meeting of the Company and carry the right to receive dividends as declared. In the event of a winding up of the Company, fully paid ordinary shares carry the right to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. d)H edge reserve The hedging reserve comprises the effective portion of the cumulative change in the fair value of cash flow hedging instruments related to hedged transactions that have not yet occurred. e)S hare based payments reserve The share based payments reserve is used to record the value of share based payments provided to director-related entities and senior employees under share option plans. Refer to note 33 for further details of these plans.
Annual Report 2009
Annual Report 2011