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Consolidated                                  Issued capital    Reserves*      Accumulated                       Total equity
                                                         $’000       $’000               losses                          $’000
                                                                      3,455              $’000
Balance at 1 July 2013                                 134,497              -                                           67,562
                                                                                      (70,390)
Profit after income tax expense for the year           -            (5,592)                                             12,475
                                                                                        12,475
                                                                    (5,592)
Other comprehensive income for the year, net           -                                             - (5,592)
of tax

Total comprehensive income for the year                -                                             12,475      6,883

Transactions with owners in their capacity as owners:

Performance share rights expense                       -          (197)                                       -    (197)
                                                                        -                             (7,690)    (7,690)
Dividends paid (note 29)                               -                                             (65,605)    66,558
                                                                (2,334)
Balance at 30 June 2014                                134,497

Consolidated                                  Issued capital    Reserves*      Accumulated                       Total equity
                                                        $’000        $’000              losses                           $’000
                                                                    (2,334)              $’000                          66,558
Balance at 1 July 2014                                 134,497              -                                           (4,462)
                                                                                      (65,605)
Loss after income tax benefit for the year             -              7,217                                              7,217
                                                                                       (4,462)
Other comprehensive income for the year, net           -              7,217                                              2,755
of tax                                                                                          -

Total comprehensive income for the year                -                               (4,462)

Transactions with owners in their capacity as owners:

Dividends paid (note 29)                               -              -                               (3,845)    (3,845)
                                                                4,883                                (73,912)    65,468
Balance at 30 June 2015                                134,497

*Reserves relate to foreign currency translation, hedging and share-based payments reserves. Refer to note 27 for reconciliation of reserves.

The above statement of changes in equity should be read in conjunction with the accompanying notes.

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