CONSOLIDATED STATEMENT OF CHANGES IN EQUITY  For the three months to 31 March 2013 Contributed Equity  (note 22)  $000 Reserves  (note 23) $000 Retained Earnings  (note 23)   $000 Total Equity  $000 At 1 January 2012 238,296 350,999 82,692 671,987 Loss for the period - - (5,073) (5,073) Other comprehensive loss - 2,017 - 2,017 Total comprehensive loss for the period - 2,017 (5,073) (3,056) Transactions with owners in their capacity as owners: Cost of share-based payment - 60 - 60 At 31 March 2012 *(reviewed) 238,296 353,076 77,619 668,991 At 1 January 2012 238,296 350,999 82,692 671,987 Loss for the period - - (8,409) (8,409) Other comprehensive loss - (26,484) - (26,484) Total comprehensive loss for the period - (26,484) (8,409) (34,893) Transactions with owners in their capacity as owners: Issue of share capital  1,308 - - 1,308 Correction to prior period share costs (131) - - (131) Cost of share-based payment - 368 -  368 At 31 December 2012 239,473 324,883 74,283 638,639 At 1 January 2013 239,473 324,883 74,283 638,639 Loss for the period - - (46,477) (46,477) Other comprehensive income - 2,826 - 2,826 Total comprehensive loss for the period - 2,826 (46,477) (43,651) Transactions with owners in their capacity as owners: Tax adjustment relating to prior period  revaluations - 300 -  300 Cost of share-based payment - 130 -  130 At 31 March 2013 239,473 328,139 27,806 595,418 The above Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes. * The Company’s auditor has performed a review (which is not an audit) of the 31 March 2012 comparatives. 54 Australian Agricultural Company Limited