NOTE 09
EQUITY
(a) Contributed equity
(i)
Share capital
2014
Shares
2013
Shares
2014
$’000
2013
$’000
Ordinary shares - fully paid
2,511,475,100
2,511,475,100
2,603,226
2,603,226
2,511,475,100
2,511,475,100
2,603,226
2,603,226
There were no movements in ordinary share capital during the financial year (2013: $211.7m).
(ii) Ordinary shares
On a show of hands every holder of ordinary shares present at a meeting in person, or by proxy, is entitled to one vote,
and upon a poll each share is entitled to one vote.
Ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the company in
proportion to the number of and amounts paid on the shares held.
(b) Reserves
Consolidated
2014
$’000
2013
$’000
Asset revaluation reserve
974,633
995,113
Cash flow hedging reserve - interest rate swap
(2,161)
(5,587)
Cash flow hedging reserve - foreign exchange
(22)
70
Profit reserves
127,143
-
1,099,593
989,596
Movements
:
Revaluation surplus - Property, plant and equipment
Opening balance at 1 July
995,113
882,641
Revaluation on asset revaluation reserve
(29,099)
160,797
Asset revaluation reserve - asset disposal
(111)
(124)
Income tax effect of asset revaluation
8,730
(48,201)
Balance as at 30 June
974,633
995,113
Profit reserve
Profit transferred into the reserve
163,643
-
Dividend paid
(36,000)
-
Balance as at 30 June
127,643
-
Cash flow hedges
Opening balance at 1 July
(5,517)
(3,714)
Hedge reserve - foreign exchange
(92)
(29)
Hedge liability - interest rate swap
3,426
(1,774)
Balance as at 30 June
(2,183)
(5,517)
1,100,093
989,596
74
