Notes to the financial statements (cont’d) For the year ended 30 June 2012 24 Other liabilities 25 Share capital The Company does not have authorised capital or par value in respect of its issued shares. All issued shares are fully paid. The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at  meetings of the Company. All shares rank equally with regard to the Company’s residual assets.  Treasury shares Treasury shares Treasury shares are shares bought or transferred to the IOOF Executive Performance Share Plan Trust in respect of the employee share  scheme. The Executive Performance Share Trust is controlled by the Group and is therefore consolidated. page 98 Consolidated Parent 2012 2011 2012 2011 $’000 $’000 $’000 $’000 Deferred revenue liability 11,387  15,431  - - Lease incentives 2,988  1,962  - - 14,375  17, 393 - - Consolidated Parent 2012 2011 2012 2011 $’000 $’000 $’000 $’000 232,037,606 fully paid ordinary shares (2011: 231,903,558) 869,070  868,451  869,070  868,451  Consolidated 2012 2011 No. ’000 $’000 No. ’000 $’000 Ordinary shares On issue at 1 July 231,904  868,451  230,156  858,181  Adviser performance rights vested during the year (note 31) - 427  46  453  Issue of shares on exercise of options under executive and employee share option plan (note 31) 134  1,094  1,702  9,464  Employee performance rights vested during the year (note 31) - 736  - 330  Transfer from employee equity-settled benefits reserve on  exercise of options (note 26) 444  - 440 Treasury shares transferred to employees during the year - - - (3) On-market purchase of treasury shares transferred to employees during the year - (2,082) - (414) On issue at 30 June 232,038  869,070  231,904  868,451  On issue at 1 July - - (1) (3) Employee performance rights vested during the year (note 31) - - 1  3  On issue at 30 June - - - - 232,038  869,070  231,904  868,451 