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attributable to securityholders of stockland
issued capital reserves
retained
earnings
total security-
holders’ funds
Minority
interest total equity
consolidated notes $M $M $M $M $M $M
balance as at 1 July 2008 5,821.3 (201.1) 2,864.0 8,484.2 (0.6) 8,483.6
Currency translation differences 38 – (4.9) – (4.9) – (4.9)
effective portion of changes in fair value of cash flow hedges 38 – 12.9 – 12.9 – 12.9
Change in fair value of cash flow hedges transferred to the Income statement 38 – (0.5) – (0.5) – (0.5)
Change in fair value of other financial assets, net of tax 38 – (4.4) – (4.4) – (4.4)
Change in fair value of other financial assets transferred to the Income statement 38 – 2.9 – 2.9 – 2.9
total income and expense recognised directly in equity for the year – 6.0 – 6.0 – 6.0
loss for the year – – (1,802.8) (1,802.8) 0.9 (1,801.9)
total recognised income and expenses – 6.0 (1,802.8) (1,796.8) 0.9 (1,795.9)
net transfer to retained earnings from reserves 38 – (328.0) 328.0 – – –
equity issued for the year, net of transaction costs 37 2,676.1 – – 2,676.1 – 2,676.1
dividends and distributions to securityholders1 38, 39 – (50.6) (622.2) (672.8) – (672.8)
expense relating to rights and securities granted under share plans 38 – 1.7 – 1.7 – 1.7
tax expense on rights and securities granted under share plans 38 – 0.1 – 0.1 – 0.1
disposal of minority interest – – – – (0.3) (0.3)
balance as at 30 June 2009 8,497.4 (571.9) 767.0 8,692.5 – 8,692.5
balance as at 1 July 2007 5,570.9 83.4 2,563.6 8,217.9 – 8,217.9
Currency translation differences 38 – (30.2) – (30.2) – (30.2)
transfer to the Income statement on disposal of foreign operations 38 – 20.4 – 20.4 – 20.4
effective portion of changes in fair value of cash flow hedges 38 – (11.4) – (11.4) – (11.4)
Change in fair value of other financial assets 38 – (1.3) – (1.3) – (1.3)
total income and expense recognised directly in equity for the year – (22.5) – (22.5) – (22.5)
profit for the year – – 705.2 705.2 (0.6) 704.6
total recognised income and expenses – (22.5) 705.2 682.7 (0.6) 682.1
net transfer to retained earnings from reserves 38 – (255.4) 255.4 – – –
equity issued for the year 37 250.4 – – 250.4 – 250.4
dividends and distributions to securityholders1 38, 39 – (18.3) (660.2) (678.5) – (678.5)
expense relating to rights and securities granted under share plans 38 – 10.7 – 10.7 – 10.7
tax expense on rights and securities granted under share plans 38 – 1.0 – 1.0 – 1.0
balance as at 30 June 2008 5,821.3 (201.1) 2,864.0 8,484.2 (0.6) 8,483.6
1 stockland has guaranteed the repayment of certain stockland employee loans with an external financier used for the purpose of acquiring securities granted under the Incentive share plan and executive share scheme. AAsb 2 requires such guarantees to
be recognised as a financial liability. the effect of this is to treat dividends and distributions paid on these securities as interest payments.
the above statements of Changes in equity should be read in conjunction with the accompanying notes.
Statements of Changes in Equity
For the Year Ended 30 June 2009
Stockland Corporation Limited and its controlled entities (including Stockland Trust)
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