114 Dialog Semiconductor Plc | Annual report and accounts 2012  |  Section 5 | Company financial statements and notes For the year ended 31 December 2012  Company financial statements  Company statement of changes in equity Other reserves  Ordinary Shares  US$000  Additional paid-in  capital US$000 Retained earnings  (Accumulated deficit) US$000 Hedges US$000 Employee stock  purchase plan shares  US$000  Total US$000 Balance at 31 December 2010 / 1 January 2011  12,380  202,416 (2,992) 69 (3,915) 207,958 Total comprehensive income (loss)  –  – (6,629) (300) –  (6,929) Sale of employee stock purchase plan  shares  –  1,495 – – 757  2,252 Equity settled transactions, net of tax  –  – 102 – –  102 Changes in Equity total  –  1,495 (6,527) (300) 757  (4,575) Balance at 31 December 2011 / 1 January 2012  12,380  203,911 (9,519) (231) (3,158) 203,383 Total comprehensive income (loss)  –  – 107,677 231 –  107,908 Conversion right embedded in  Convertible Bond  –  37,393 – – –  37,393 Convertible Bond transaction cost  attributable to conversion right  –  (814) – – –  (814) Capital Increase for employee share  option plan (gross proceeds) 472  2,680 – – (3,152) – Transaction cost of capital increase -  employee share option plan –  (33) – – –  (33) Sale of employee stock purchase plan  shares  –  692 – – 3,457  4,149 Equity settled transactions, net of tax  –  – 110 – –  110 Changes in Equity total  472  39,918 107,787 231 305  148,713 Balance at 31 December 2012  12,852  243,829 98,268 – (2,853) 352,096