McConnell Dowell 2018 Annual Review

10 Statement of Changes in Equity For the year ended 30 June 2018 All figures are in A$ 000’s Ordinary shares Preference Shares Foreign currency translation reserve Asset revaluation reserve Capital reserves Non- controlling interest Retained earnings Total equity Balance as at 1 July 2016 70,765 40,000 (647) 385 2,811 481 375,522 489,317 Profit / (loss) for the period - - - - - 66 (469,980) (469,914) Other comprehensive income - - (3,742) - - (12) - (3,754) Total comprehensive income for the period - (3,742) - - 54 (469,980) (473,668) Transactions with owners in their capacity as owners: Dividend paid (note 5) - - - - - (278) - (278) Aggregate of amounts transferred from / (to) reserves - - - - - - - Balance as at 30 June 2017 70,765 40,000 (4,389) 385 2,811 257 (94,458) 15,371 Profit / (loss) for the period - - - - - 170 7,806 7,976 Other comprehensive income - 3,021 - - 12 - 3,033 Total comprehensive income for the period - 3,021 - - 182 7,806 11,009 Transactions with owners in their capacity as owners: Share Issue 147m shares issued at $1 each 147,000 147,000 Dividend paid (note 5) - - - - - (110) - (110) Aggregate of amounts transferred from / (to) reserves - - - - - - - - BALANCE AS AT 30 JUNE 2018 217,765 40,000 (1,368) 385 2,811 329 (86,652) 173,270 The above Statement of Changes in Equity is to be read in conjunction with the accompanying notes Share Issue On 15th September 2017 Aveng Limited approved the recapitalisation of $147m of the non-interest bearing shareholder loan into ordinary share capital. Consolidated