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(a) Contributed equity
(i) Share capital
2017
Shares
2016
Shares
2017
$’000
2016
$’000
Ordinary shares - fully paid
2,511,475,100
2,511,475,100
2,603,226
2,603,226
Equity contribution received
but not yet issued
-
-
81,000
-
2,511,475,100
2,511,475,100
2,684,226
2,603,226
In June 2017 ARTC received the first equity injection of $81m as part of the fully funded Adelaide
to Tarcoola rerailing $252m upgrade announced in the May 2016 Federal Budget (2016: nil).
(ii) Ordinary shares
On a show of hands every holder of ordinary shares present at a meeting in person,
or by proxy, is entitled to one vote, and upon a poll each share is entitled to one vote.
Ordinary shares entitle the holder to participate in dividends and the proceeds on winding
up of the Company in proportion to the number of and amounts paid on the shares held.
Accounting policy
Contributed equity
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue
of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.
100
NOTE 8
EQUITY