Notes to and forming part of the Consolidated Financial Statements For the period from incorporation to 26 June 2004 Consolidated Parent  entity  entity 2004 2004 $’000 $’000 Deferred tax liabilities  355  355 NON-CURRENT LIABILITIES - DEFERRED TAX LIABILITIES 21 Employee benefits (refer Note 30)  797  0 NON-CURRENT LIABILITIES - PROVISIONS 22 Ordinary shares fully paid  84,233  84,233 CONTRIBUTED EQUITY 23 Number of Issue  Shares   Price  $’000 Movement in ordinary share capital  Issue of shares on incorporation (8 April 2004)  1  1.00  0  Issue of shares on 23 April 2004  49,697,150  1.69  84,233  Share split on 19 May 2004  56,732,471  -  0 Closing balance 26 June 2004  106,429,622  84,233 Options granted Directors R E Thorn, Managing Director  1,000,000  Other executives of Super Cheap Auto Group Limited  P A Birtles, Chief Financial Officer and Company Secretary  200,000 The ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the parent entity in proportion to the number of and amounts paid on the shares held. On a show of hands every holder of ordinary shares present, in person or by proxy, at a meeting of shareholders of the parent entity is entitled to one vote and, upon a poll, each share is entitled  to one vote. Options over unissued ordinary shares of Super Cheap Auto Group Limited granted during or since the  end of the financial year to any of the Directors or the five officers of the consolidated entity with  the greatest authority for strategic direction and management of the Company and consolidated entity  as part of their remuneration were as follows: The options were granted under the Super Cheap Auto Executive Option Plan on 19 May 2004 (Refer Note 31). These are the only options outstanding as at 26 June 2004.  SUPER CHEAP AUTO GROUP LIMITED ANNUAL REPORT 2004 67 NOTES TO THE FINANCIAL STATEMENTS CONTINUED