Changes in Equity

		Attributable to equity holders of the parent
(NZD in thousands)	Share capital	Translation reserve	Retained earnings	Total	Minority Interest	Total equity
Balance at 1 July 2008	183,562	23,973	149,049	356,584	8,477	365,061
Changes in equity for the six months ended 31 December 2008
Exchange translation difference	-	31,657	-	31,657	2,150	33,807
Changes in fair value of cash-flow hedges	-	-	(4,614)	(4,614)	-	(4,614)
Net income recognised directly in equity	-	31,657	(4,614)	27,043	2,150	29,193
Profit for the period	-	-	5,959	5,959	1,019	6,978
Total recognised income and expense for the period	-	31,657	1,345	33,002	3,169	36,171
Dividend Reinvestment Plan	4,755	-	-	4,755	-	4,755
Dividends paid	-	-	(18,795)	(18,795)	(318)	(19,113)
Balance as at 31 December 2008	188,317	55,630	131,599	375,546	11,328	386,874

		Attributable to equity holders of the parent
(NZD in thousands)	Share capital	Translation reserve	Retained earnings	Total	Minority Interest	Total equity
Balance at 1 July 2007	171,425	(12,771)	132,156	290,810	7,945	298,755
Changes in equity for the six months ended 31 December 2007
Exchange translation difference	-	11,615	-	11,615	(19)	11,596
Changes in fair value of cash-flow hedges	-	-	1,284	1,284	-	1,284
Net income recognised directly in equity	-	11,615	1,284	12,899	(19)	12,880
Profit for the period	-	-	24,619	24,619	914	25,533
Total recognised income and expense for the period	-	11,615	25,903	37,518	895	38,413
Dividend Reinvestment Plan	6,086	-	-	6,086	-	6,086
Senior manager incentive scheme	1,754	-	-	1,754	-	1,754
Dividends paid	-	-	(16,380)	(16,380)	(1,109)	(17,489)
Balance as at 31 December 2007	179,265	(1,156)	141,679	319,788	7,731	327,519