Notes to the Financial Statements 30 June 2008 - Abterra

Statements of Changes in EquityFor the financial year ended 30 June 2008GroupSharecapitalOtherreservesAttributable to equity holders of the CompanyRevaluationreserveForeigncurrencytranslationreserve(Accumulatedlosses) /Retainedearnings TotalMinorityinterests$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000TotalequityBalance as at 1 July 2007 53,207 5,918 209 19 (34,895) 24,458 296 24,754Currency translation differences - - - 59 - 59 - 59Share issue expenses (364) - - - - (364) - (364)Net income / (expenses) recognised directly toequity (364) - - 59 - (305) - (305)Net profit - - - - 13,960 13,960 (164) 13,796Total recognised income / (expenses) (364) - - 59 13,960 13,655 (164) 13,491Capital reduction exercise to set-off accumulatedlosses against share capital (note 29) (40,244) - - - 40,244 - - -Issue of new shares 116,230 - - - - 116,230 - 116,230Issue of new shares pursuant to the conversion ofthe conversion notes 61,800 (8,291) - - - 53,509 - 53,509Convertible notes – equity component - 4,827 - - - 4,827 - 4,827Deferred tax on liabilities component (note 28) - (895) - - - (895) - (895)Reversal of deferred taxation upon conversion(note 28) - 1,770 - - - 1,770 - 1,770Transfer of realised deferred tax from otherreserves to retained earnings - 592 - - (592) - - -Balance as at 30 June 2008 190,629 3,921 209 78 18,717 213,554 132 213,686The accounting policies and explanatory notes form an integral part of the financial statements.ABTERRAAnnual Report 200841