Page 29 of 80  The statement of changes in equity should be read in conjunction with notes 1 to 38 which form part of the financial statements.  Cardno Limited and its Controlled Entities for the year ended 30 June 2010  Consolidated Statement of Changes in Equity  Note  Share  Capital  Retained  Earnings  Foreign  Translation  Total  Ordinary Reserve  $’000 $’000 $’000 $’000 BALANCE AT 1 JULY 2008  192,063  30,038  (4,035)  218,066  Profit for the period  - 34,153  - 34,153 Exchange differences on translation of  foreign operations  -  -  (258)  (258)  Total comprehensive income for the  period  - 34,153 (258) 33,895 Transactions with owners in their  capacity as owners:  Shares issued  23  32,741 - - 32,741 Notes converted to shares  23  2,653 - - 2,653 Dividends paid or provided  5  - (21,434) - (21,434) 35,394 (21,434) - 13,960 BALANCE AT 30 JUNE 2009  227,457  42,757  (4,293)  265,921  Profit for the period  -  37,597  -  37,597  Exchange differences on translation of foreign operations  -  -  (4,214)  (4,214)  Total comprehensive income for the  period -  37,597  (4,214)  33,383  Transactions with owners in their  capacity as owners:  Shares issued  23 24,623 - - 24,623 Notes converted to shares  - - - - Dividends paid or provided  5  - (23,955) - (23,955) 24,623 (23,955) - 668 BALANCE AT 30 JUNE 2010  252,080 56,399  (8,507) 299,972 