IOOF  | Annual Report 2012 Statement of changes in equit y For the year ended 30 June 2012 Parent - 2012 Parent - 2011 Note  Share  capital   Reserves   Retained  earnings   Total  equity   Share  capital   Reserves   Retained  earnings   Total  equity  $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Opening balance at 1 July 25,26,27 868,451  8,246  43,513  920,210  858,628  5,903  2,120  866,651  Total comprehensive  income for the period Profit for the period - - 93,445  93,445  - - 131,328  131,328  Other comprehensive income - - - - - - - - Total comprehensive  income for the period - - 93,445  93,445  - - 131,328  131,328  Transactions with owners,  recorded directly in equity Contributions by and  distributions to owners Dividends to equity holders - - (95,106) (95,106) - - (89,935) (89,935) Share-based payment  expense recognised in  controlled entities - 2,950  - 2,950  - 3,098  - 3,098  Issue of shares on exercise of  options under executive and  employee share option plan 1,094  - - 1,094  9,464  - - 9,464  On-market purchase of  treasury shares transferred to  employees during the year (2,082) - - (2,082) (396) - - (396) Transfer from employee  equity-settled benefits  reserve on exercise of  options 444  (444) - - 1,049  (1,049) - - Employee performance  rights vested during the year 736  (736) - - 330  (330) - - Transfer of lapsed share  options to retained earnings - (2,536) 2,536  - (1,077) 1,077  - - Adviser performance rights  vested during the year 427  (427) - - 453  (453) - - Total contributions by and  distributions to owners 619  (1,193) (92,570) (93,144) 9,823  2,343  (89,935) (77,769) Total transactions with  owners 619  (1,193) (92,570) (93,144) 9,823  2,343  (89,935) (77,769) Balance at 30 June 25,26,27 869,070  7,053  44,388  920, 511  868,451  8,246  43,513  920,210  Notes to the financial statements are included on pages 61 to 121. page 59