100
Cordlife Group Limited
Annual Report 2016
Notes to
The Financial Statements
for the financial year ended 30 June 2016
32. Other reserves
Share-based compensation reserve
Share-based compensation reserve represents the equity-settled share awards granted to employees. The
reserve is made up of the cumulative value of services received from employees recorded over the vesting
period commencing from the grant of share awards, and is reduced by the expiry or exercise of the share
awards.
Capital reserve
Capital reserve represents the value of equity-settled share options previously granted by Life Corporation
Limited to the Group’s employees, prior to the distribution in specie of all of the issued share capital of Cordlife
Group Limited to Life Corporation Limited’s shareholders on 30 June 2011. Subsequent to the distribution,
Cordlife Group Limited ceased to be a subsidiary of Life Corporation Limited.
The reserve is made up of the cumulative value of services received from employees recorded on grant of
equity-settled share options.
Merger reserve
Merger reserve represents the difference between the consideration paid/received and the equity interests
acquired/disposed, accounted for using the pooling of interest method.
Acquisition reserve
Acquisition reserve represents the excess of the consideration over the carrying value when the Group
acquired non-controlling interests in its subsidiaries.
Foreign currency translation reserve
Foreign currency translation reserve represents the exchange differences arising from the translation of the
financial statements of foreign subsidiaries whose functional currencies are different from that of the Group’s
presentation currency.
