Kudelski Group Consolidated statement of changes in equity (Unaudited)

In CHF’000 Share capital Share premium Retained earnings Fair value and other reserves Currency translation adjustment Treasury shares Minority
interest 		Total
equity
January 1, 2007 519 352 56 533 -119 688 33 470 -945 -380 26 926 515 268
Currency translation
adjustment		 -459 567 108
Net gain / (loss) on available-for-sale financial assets 7 17 24
Net income/(loss) 28 993 -871 28 122
Total recognized
income & expense for the period		 - - 28 993 7 -459 - -287 28 254
Employee share
purchase program		 6 17 23
Employee stock option plan 150 150
Exercise of stock options
by employees		 1 099 1 099 2 198
Shares issued for employees 877 1 845 2 722
Dividend paid
to shareholders		 -31 250 -31 250
Minority interest arising on business combinations 90 118 90 118
Impact of transactions with minority interests -48 48 -
Impact of subsidiaries share based payments 793 2 203 2 996
Dividends paid
to minority interests		 -85 -85
June 30, 2007 521 334 59 494 -121 050 33 477 -1 404 -380 118 923 610 394
January 1, 2008 521 594 59 761 -86 975 33 478 -7 465 -380 105 542 625 555
Currency translation
adjustment		 -16 066 -10 305 -26 371
Net gain / (loss) on available-for-sale financial assets -43 -92 -135
Net income/(loss) -46 034 6 195 -39 839
Total recognized
income & expense for the period		 - - -46 034 -43 -16 066 - -4 202 -66 345
Employee share
purchase program		 328 46 374
Employee stock option plan 48 48
Exercise of stock options
by employees		 -
Shares issued for employees 1 915 183 2 098
Dividend paid
to shareholders		 -15 703 -15 703
Minority interest arising on business combinations 1 258 1 258
Impact of transactions with minority interests -4 356 -836 -5 192
Impact of subsidiaries share based payments 460 975 1 435
Dividends paid
to minority interests		 -37 -37
June 30, 2008 523 837 59 990 -152 560 33 435 -23 531 -380 102 700 543 491