All figures in US$ million

Equity attributable to shareholders of the parent

Share

capital

Statutory reserve

General reserve

Retained earnings 1

Cumulative changes in fair value

Total

Minority interests

Total equity

Balance at the end of the year 2005

1,000

276

150

496

4

1,926

47

1,973

Foreign exchange translation adjustments

-

-

-

4

-

4

-

4

Cumulative changes in fair values and other

-

-

-

-

6

6

-

6

Net income recognised directly in equity

-

-

-

4

6

10

-

10

Net profit for the year – 2006

-

-

-

202

-

202

3

205

Total recognised income and expense for the year

-

-

-

206

6

212

3

215

Transfers during the year

-

20

-

(20)

-

-

-

-

Dividend paid - 2005

-

-

-

(70)

-

(70)

-

(70)

Balance at the end of the year 2006

1,000

296

150

612

10

2,068

50

2,118

Foreign exchange translation adjustments

-

-

-

25

-

25

5

30

Cumulative changes in fair values and other

-

-

-

-

(251)

(251)

-

(251)

Net income recognised directly in equity

-

-

-

25

(251)

(226)

5

(221)

Net profit for the year – 2007

-

-

-

125

-

125

24

149

Total recognised income and expense for the year

-

-

-

150

(251)

(101)

29

(72)

Transfers during the year

-

13

-

(13)

-

-

-

-

Dividend paid - 2006

-

-

-

(100)

-

(100)

-

(100)

Dilution in a subsidiary

-

-

-

-

-

-

211

211

Balance at the end of the year 2007

1,000

309

150

649

(241)

1,867

290

2,157

Retained earnings include US$ 30 million (2006: US$ 5 million) representing net unrealised gains / losses on translation of investments in foreign subsidiaries into US dollars and nondistributable.

reserves arising from control of subsidiaries amounting to US$ 275 million (2006: US$ 148 million)