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Whitehaven Coal Limited : Annual Report 2011
WhitehavenCoalLimited–AnnualReport2011 95 noteS to the Financial StatementS 30 june 2011 26. shARE CAPiTAL ANd REsERvEs Consolidated In thousands of AUD 2011 2010 a) share capital Fully paid ordinary shares 493,816,735 (2010: 493,650,070) 591,339 591,176 b) movements in shares on issue Ordinary shares Consolidated 2011 2010 Nos of shares 000’s $000’s Nos of shares 000’s $000’s Beginning of the financial year 493,650 591,176 407,213 367,352 Issued for cash – – 71,684 214,886 Exercise of share options 167 167 14,753 14,753 Costs of shares issued, net of tax – (4) – (5,815) 493,817 591,339 493,650 591,176 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) hedge 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) share-based payments reserve The share-based payment 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 2010
Annual Report 2012