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Wool Stocktake : AWI Annual Report 2015-16
NOTE 20: Contributed equity 2016 2015 2016 2015 (a) Share capital Shares Shares $ $ Ordinary shares - fully paid 37,462 37,462 100 100 (b) Movements in ordinary share capital There was no movement in ordinary share capital during the year. (c) Ordinary shares A person has a right to one share in the Company if the Board is satisfied that their rolling wool levy or wool tax contribution is $100 or more during the 3 previous financial years or the person is engaged in a wool producing business, as defined by the Company's constitution. This right does not entitle the shareholder to participate in any profit distributions or in any proceeds on the winding up of the entity. Where a person fails to satisfy these share criteria the share is returned to and held by the Company. (d) Shareholder statistics Details 30 June 2016 30 June 2015 Australian Capital Territory 82 81 New South Wales 9,059 9,411 Northern Territory 1 1 Queensland 672 724 South Australia 4,059 4,249 Tasmania 679 694 Victoria 5,690 5,880 Western Australia 3,817 3,967 24,059 25,007 NOTE 21: Reserves and retained earnings Consolidated 2016 2015 $'000 $'000 (a) Other reserves Foreign currency translation 1,482 1,473 Movements: Foreign currency translation Balance 1 July 1,473 635 Currency translation differences arising during the year 9 838 Balance 30 June 1,482 1,473 Exchange differences arising on translation of the foreign controlled entity are recognised in other comprehensive income as described in note 1(c) and accumulated in a separate reserve within equity. The cumulative amount is reclassified to profit or loss when the net investment is disposed of. FINANCIAL REPORT 81
AWI Annual Report 2014-15
AWI Annual Report 2016-17