2011 2010 At 1 July  (104,123,039) (115,963,773) Net profit in current period attributable to members of the parent entity 62,442,848  11,840,734  At 30 June  (41,680,191) (104,123,039) 30. ACCUMULATED LOSSES 31. RESERVES 98  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011 Details of issue Number of  options Fair value per  option ($) Value Rights issue - capital raising cost 110,540,000  0.057 6,312,054  Employee option scheme 1,890,000  0.102 191,880  Employee option scheme 400,000  0.414 165,524  Employee option scheme 2,200,000  0.114 250,300  Employee option scheme 400,000  0.168 67,272  Employee option scheme 3,900,000  0.122 475,134  Employee option scheme 1,700,000  0.084 142,260  Employee option scheme 825,000  0.119 98,434  Employee option scheme 1,000,000  0.150 150,421  Employee option scheme 2,850,000  0.050 142,111  Share-based payment - director 4,000,000  0.174 694,563  Share-based payment - director 2,500,000  0.048 119,432  Share-based payment - contractor 400,000  0.168 67,272  Share-based payment - contractor 1,000,000  0.120 119,631  Share-based payment - contractor 1,000,000  0.103 103,385  Placement fee - capital raising cost 2,000,000  0.049 97,288  Convertible notes conversion 67,500,000  0.111 7,463,700  Acquisition of a subsidiary 16,750,000  0.099 1,665,517  Total 220,855,000  18,326,178  Net unrealised gains reserve This reserve records the movements in the fair value of available-for-sale investments and the share of changes in equity of  associates. Option premium reserve Nature and purpose of reserves Option premium  reserve  $ Net unrealised  gains reserve  $ Total  $ CONSOLIDATED ENTITY At 1 July 2009 17,907,652  28,965  17,936,617  Share based payments 315,141  - 315,141  Share of change in equity of associate - 316,512  316,512  Fair value on available-for-sale financial assets - (4,069,739) (4,069,739)  Tax effect on gain on available-for-sale financial assets - 1,220,922  1,220,922 At 30 June 2010 18,222,793   (2,503,340) 15,719,453  Share based payments 103,385  - 103,385  Share of change in equity of associate - (980,165) (980,165) Fair value on available-for-sale financial assets - 1,076,551  1,076,551  Tax effect on gain on available-for-sale financial assets - (322,966) (322,966) At 30 June 2011 18,326,178  (2,729,920) 15,596,258  The option premium reserve relates to the issue of: This reserve is used to record the value of options issued.