ESR Group Limited Annual Report 2022 Notes to the Consolidated Financial Statements 31 December 2022 225 44. RESERVES (continued) (b) The Company (continued) Share premium Sharebased payment reserve Exchange fluctuation reserve Accumulated losses Investment reserve (nonrecycling) Other reserve Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 As at 1 January 2021 2,064,135 18,511 11,673 (371,908) 17,306 29,218 1,768,935 Loss for the year — — — (200,914) — — (200,914) Change in fair value of financial assets at fair value through other comprehensive income — — — — 51 — 51 Share of other comprehensive income of joint ventures — — 7,917 — — — 7,917 Total comprehensive loss for the year — — 7,917 (200,914) 51 — (192,946) Profit attributable to holders of perpetual capital securities — — — (10,664) — — (10,664) Share repurchase and cancellation (42,068) — — — — — (42,068) Share-based compensation plan exercised 121 (3,216) — — — — (3,095) Transfer of share-based payment reserve upon the forfeiture of share options — (214) — 214 — — — Share-based compensation arrangement — 14,818 — — — — 14,818 As at 31 December 2021 2,022,188 29,899 19,590 (583,272) 17,357 29,218 1,534,980 45. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The Group’s principal financial instruments comprise bank and other borrowings, financial liabilities included in trade and other payables, cash and bank balances, trade receivables, financial assets included in prepayments, other receivables and other assets, financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, and financial assets included in other non-current assets. The main purpose of these financial instruments is to raise finance for the Group’s operations. The Group has various financial assets such as trade receivables, cash and short-term deposits, which arose directly from its operations. The main risks faced by the Group are interest rate risk, foreign currency risk, credit risk, liquidity risk and equity price risk. The Group does not hold or issue derivative financial instruments either for hedging or for trading purposes. The directors reviews and agrees policies for managing each of the risks which are summarised below: STRATEGIC REPORT FINANCIAL STATEMENT CORPORATE GOVERNANCE
RkJQdWJsaXNoZXIy MTIwODcxMw==