51 Note 2025 2024 All figures are in A$000’s Foreign currency translation reserve At beginning of year 1,355 1,695 Current year movement 1,380 (340) At end of year 22(a) 2,735 1,355 Capital and other reserve At beginning of year 5,144 4,880 Current year movement - 264 At end of year 22(b) 5,144 5,144 Total reserves at end of year 7,879 6,499 22(a) - The foreign currency translation reserve is used to translate the assets and liabilities of foreign controlled entities into Australian dollars at rates of exchange ruling at the reporting date. 22(b) - The capital reserve is used to meet certain statutory obligations of setting up new subsidiaries in foreign jurisdictions. The current year movement in capital and other reserve relates to the management incentive scheme (commenced in FY21) and the Long Term Incentive Plan 2022("LTIP") granted to senior executives of the Group for no consideration. The LTIP 2022 is managed at an ultimate parent company level (Aveng Limited). 22. Reserves Consolidated
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