NOTES TO THE CONSOLIDATED FINANCIAL  STATEMENTS  (RMB AND US$ AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER SHARE DATA)  23.  Issued capital and reserves (cont’d) Foreign currency translation reserve 24.  Dividends declared and paid 25.  Statutory reserves The foreign currency translation reserve represents exchange differences arising from the translation of the financial  statements of foreign operations whose functional currencies are different from that of the Group’s presentation  currency. 31.12.2012 31.12.2013 31.12.2013 Rmb’000 Rmb’000 US$’000 Declared and paid during the year Dividends on ordinary shares: Final dividend paid in 2012:  US$0.90  per share (2011:  US$1.50  per  share) 211,729 —  —  Final and interim dividends paid in 2013:  US$0.90  per share (2012:  US$0.90  per share) —  207,708 33,939 211,729 207,708 33,939 31.12.2012 31.12.2013 31.12.2013 Rmb’000 Rmb’000 US$’000 Statutory general reserve  (ii) At January 1 185,762 187,363 30,614 Transfer from retained earnings 1,686 2,272 371 Reduced due to liquidation of a subsidiary (85) (264) (43) At December 31 187,363 189,371 30,942 Statutory public welfare fund  (iii) At January 1 and December 31 85,641 85,641 13,994 General surplus reserve  (iv) At January 1 and December 31 25,706 25,706 4,200 Total 298,710 300,718 49,136 Note: (i)  In accordance with the relevant regulations in the PRC, Yuchai and its subsidiaries are required to provide  certain statutory reserves which are designated for specific purposes based on the net income reported in the  PRC GAAP financial statements. The reserves are not distributable in the form of cash dividends. China Yuchai International Limited | Annual Report 2013 104