REA Group Ltd Annual Report 2021

Notes to the Consolidated Financial Statements for the year ended 30 June 2021 REA Group Ltd | Annual Report 2021 13. Equity and reserves (continued) As detailed in Note 19, the Group issued 402,518 new shares as scrip consideration for the acquisition of Elara, of which 318,323 shares were issued on 17 December 2020 and 84,195 shares were issued on 30 December 2020. The closing share price on 17 December 2020 and 30 December 2020 was $148.59 and $149.07 respectively. The provision of shares to satisfy grants under share-based payment plans was made through the on-market purchase of shares, not by issuing new shares. Refer to Note 18 for more details of the plans. (b) Reserves Accounting policies Share-based payments reserve represents the value of the grant of rights to executives under the Long-Term Incentive Plans and other compensation granted in the form of equity. The amounts are transferred out of the reserve when the rights vest and the shares are purchased on-market. Refer to Note 18 for further details on share-based payment arrangements. Currency translation reserve is used to record exchange differences arising from the translation of the Financial Statements of its overseas subsidiaries and equity investments. Share-based payments reserve $ʼ000 Currency translation reserve $ʼ000 Total $ʼ000 Balance at 1 July 2019 8,021 60,099 68,120 Foreign currency translation differences – (1,291) (1,291) Total other comprehensive gain – (1,291) (1,291) Share-based payments expense 4,931 – 4,931 Settlement of vested performance rights (3,955) – (3,955) Balance at 30 June 2020 8,997 58,808 67,805 Foreign currency translation differences – (32,810) (32,810) Total other comprehensive gain – (32,810) (32,810) Share-based payments expense 9,097 – 9,097 Settlement of vested performance rights (3,734) – (3,734) Balance at 30 June 2021 14,360 25,998 40,358 96 Financial Statements