IOOF  | Annual Report 2012 Statement of changes in equit y For the year ended 30 June 2012 Notes to the financial statements are included on pages 61 to 121. Consolidated - 2012 Note  Share  capital   Reserves   Retained  earnings   Total   Non- controlling  interest   Total  equity  $’000 $’000 $’000 $’000 $’000 $’000 Opening balance at 1 July 2011 25,26,27 868,451  (7,756) 25,126  885,821  16,157  901,978  Total comprehensive income for the  period Profit for the period attributable to owners  of the Company - - 19,373  19,373  326  19,699  Loss for the period attributable to  policyholders of the IOOF Life Ltd Statutory  Fund - - - - - - Other comprehensive income Net change in fair value of available-for- sale financial assets - (65) - (65) - (65) Fair value gain on investment in DKN 30 - (9,587) - (9,587) - (9,587) Net change in fair value of share buy back  liability - 5,063  - 5,063  - 5,063  Income tax on other comprehensive  income - 3,509  - 3,509  - 3,509  Total other comprehensive income - (1,080) - (1,080) - (1,080) Total comprehensive income for the  period - (1,080) 19,373  18,293  326  18,619  Transactions with owners, recorded  directly in equity Contributions by and (distributions to) owners Dividends to equity holders - - (95,106) (95,106) (1,607) (96,713) Share-based payment expense - 3,013  - 3,013  - 3,013  Acquisition through business combination - 234  - 234  - 234  Issue of shares on exercise of options under  executive and employee share option plan 1,094  - - 1,094  - 1,094  Transfer from employee equity-settled  benefits reserve on exercise of options 444  (444) - - - - Employee performance rights vested  during the year 736  (736) - - - - Adviser performance rights vested during  the year 427  (427) - - - - On-market purchase of treasury shares  transferred to employees during the year (2,082) - - (2,082) - (2,082) Transfer of lapsed share options to retained  earnings - (3,469) 3,469  - - - Total contributions by and distributions to  owners 619  (1,829) (91,637) (92,847) (1,607) (94,454) Total transactions with owners 619  (1,829) (91,637) (92,847) (1,607) (94,454) Impairment loss recognised in profit or loss - 1,179  - 1,179  - 1,179  Balance at 30 June 2012 25,26,27 869,070  (9,486) (47,138) 812,446  14,876  827, 322  page 57