67 Consolidated  Statement of Changes in Equity The statement of changes in equity should be read in conjunction with the notes to the financial statements. For the year ended 30 June 2012 Attributable to owners of AGL Energy Limited Issued  capital  $m  Employee equity  benefits reserve  $m  Hedging reserve  $m  Other reserve  $m  Retained  earnings  $m  Total equity  $m  Balance at 1 July 2011 4,244.6  0.6  (97.3) (0.4) 2,194.0  6,341.5  Adjustment on correction of unbilled distribution liability, net of income tax (Note 3) –  –  –  –  (79.9) (79.9) Restated total equity at 1 July 2011 4,244.6  0.6  (97.3) (0.4) 2,114.1  6,261.6  Profit for the year –  –  –  –  114.9  114.9  Other comprehensive income for the year, net of income tax –  –  116.7  0.4  (67.2) 49.9  Total comprehensive income for the year –  –  116.7  0.4  47.7  164.8  Transactions with owners in their capacity as owners: Issue of ordinary shares under AGL Dividend Reinvestment Plan 92.4  –  –  –  –  92.4  Issue of ordinary shares issued under the institutional and retail rights offers 905.3  –  –  –  –  905.3  Share issue transaction costs (21.5) –  –  –  –  (21.5) Payment of dividends –  –  –  –  (278.2) (278.2) Share-based payments –  2.0  –  –  –  2.0  Income tax relating to transactions with owners 6.5  –  –  –  –  6.5  Balance at 30 June 2012 5,227.3  2.6  19.4  –  1,883.6  7,132 .9  Balance at 1 July 2010 4,066.7  4.7  (163.6) (0.5) 1,892.6  5,799.9  Profit for the year –  –  –  –  558.7  558.7  Other comprehensive income for the year, net of income tax –  –  66.3  0.1  11.1  77.5  Total comprehensive income for the year –  –  66.3  0.1  569.8  636.2  Transactions with owners in their capacity as owners: Issue of ordinary shares under AGL Dividend Reinvestment Plan 61.9  –  –  –  –  61.9  Issue of ordinary shares for acquisition of subsidiary 116.0  –  –  –  –  116.0  Payment of dividends –  –  –  –  (268.4) (268.4) Share-based payments –  (4.1) –  –  –  (4.1) Balance at 30 June 2011 4,244.6  0.6  (97.3) (0.4) 2,194.0  6,341.5