annual report 2011

IOOF | annual report 2011
27 Reserves
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Asset revaluation reserve 1,072 1,072 - -
Available-for-sale investment revaluation reserve 5,283 1,751 - -
Business combinations reserve (301) (301) - -
Share buy back revaluation reserve (19,097) (9,124) - -
Share-based payments reserve 5,287 3,278 8,246 5,903
(7,756) (3,324) 8,246 5,903
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Asset revaluation reserve
Balance at 1 July 1,072 1,072 - -
Amount recognised during the year - - - -
Balance at 30 June 1,072 1,072 - -
The asset revaluation reserve has arisen on the revaluation of the existing 25% interest in the adviser relationship asset held at the time
of the acquisition of Financial Partnership Pty Ltd.
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Available-for-sale investment revaluation reserve
Balance at 1 July 1,751 441 - -
Valuation gain/(loss) recognised 5,398 2,953 - -
Related income tax (1,866) (1,643) - -
Balance at 30 June 5,283 1,751 - -
The available-for-sale investment revaluation reserve arises on the revaluation of available-for-sale financial assets. Where a revalued
financial asset is sold that portion of the reserve which relates to that financial asset, and is effectively realised, is recognised in profit or
loss. Where a revalued financial asset is impaired that portion of the reserve which relates to that financial asset is recognised in profit
or loss.
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Business combinations reserve
Balance at 1 July (301) - - -
Acquisition of non-controlling interests - (301) - -
Balance at 30 June (301) (301) - -
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