macquarie.com.au  2014 Annual Financial Report  Macquarie Group Limited and its subsidiaries  Statements of changes in equity  for the financial year ended 31 March 2014  (1)  Prior period comparatives have been restated for the effect of applying AASB 10. Refer to note 1(i)- Summary of significant accounting policies.  98  Notes  Contributed  equity (1)  $m  Reserves $m  Retained  earnings  $m  Total $m  Non- controlling  interests  $m  Total  equity  $m  Consolidated Balance at 1 April 2012  6,241  44  4,924  11,209  529  11,738  Profit after income tax  –  –  851  851  21  872  Other comprehensive income/( expense), net of  tax  –  91  –  91  (4)  87  Total comprehensive income  –  91  851  942  17  959  Transactions with equity holders in their  capacity as equity holders:  Contributions of ordinary equity, net of  transaction costs  28  3  –  –  3  –  3  Purchase of shares by Macquarie Group  Employee Retained Equity Plan Trust (MEREP  Trust)  28  (242)  –  –  (242)  –  (242)  Dividends and distributions paid or provided for  5  –  –  (509)  (509)  –  (509)  Buyback and cancellation of ordinary shares  28  (251)  –  –  (251)  –  (251)  Non-controlling interests:  Contributions of equity, net of transaction costs  –  –  –  –  27  27  Distributions paid or provided for  –  –  –  –  (21)  (21)  Other equity movements:  Net movement on exchangeable shares 28  (4)  –  –  (4)  –  (4)  MEREP expense  29  –  258  –  258  –  258  Option expense reversal  29  –  (16)  –  (16)  –  (16)  Excess deferred tax on MEREP expense  29  –  13  –  13  –  13  Transfer from share-based payments reserve:  - to retained earnings  29  –  (173)  173  –  –  –  - to equity for equity settled awards  28,29  160  (160)  –  –  –  –  (334)  (78)  (336)  (748)  6  (742)  Balance at 31 March 2013  5,907  57  5,439  11,403  552  11,955  Profit after income tax  –  –  1,265  1,265  14  1,279  Other comprehensive income, net of tax  –  689  –  689  30  719  Total comprehensive income  –  689  1,265  1,954  44  1,998  Transactions with equity holders in their  capacity as equity holders:  Contributions of ordinary equity, net of  transaction costs  28  15  –  –  15  –  15  Purchase of shares by MEREP Trust  28  (216)  –  –  (216)  –  (216)  Dividends and distributions paid or provided for  5  –  –  (1,159)  (1,159)  –  (1,159)  Capital reduction through SYD distribution  (803)  (72)  –  (875)  –  (875)  Non-controlling interests:  Distributions of equity, net of transaction costs  –  –  –  –  (86)  (86)  Distributions paid or provided for  –  –  –  –  (14)  (14)  Change in non controlling ownership interests  –  –  (5)  (5)  –  (5)  Other equity movements:  MEREP expense  29  –  257  –  257  –  257  Excess deferred tax on MEREP expense  29  –  53  –  53  –  53  Transfer from share-based payments reserve:  - to retained earnings  29  –  (97)  97  –  –  –  - to other liabilities for cash settled awards  29  –  (9)  –  (9)  –  (9)  - to equity for equity settled awards  28, 29  195  (195)  –  –  –  –  Transfer of excess deferred tax on MEREP  expense upon vesting to equity  28, 29  14  (14)  –  –  –  –  (795)  (77)  (1,067)  (1,939)  (100)  (2,039)  Balance at 31 March 2014  5,112  669  5,637  11,418  496  11,914  Statements of changes inequity 