Consolidated Statement of Changes in Equity For the Financial Year Ended 30 June 2021 Consolidated Foreign Share‑based Currency Contributed Accumulated Payments Translation Total Equity Losses Reserve Reserve Equity Note US$’000 US$’000 US$’000 US$’000 US$’000 Restated balance as at 1 July 2019 716,502 (332,611) 44,802 (129,862) 298,831 Restated loss for financial year – (86,138) – – (8,1 ) Restated exchange differences arising from the translation of financial statements into presentation currency – – – (44,344) (44,344) Restated total comprehensive loss for financial year – (86,138) – (44,344) (130,482) Transactions with owners in their capacity as owners: Restated ordinary shares issued 23 195,456 – – – 195,456 Restated transaction costs arising on ordinary shares issued, net of tax 23 (6,677) – – – (6,677) Restated share‑based payments expense – – 2,354 – 2,354 188,779 – 2,354 – 191,133 Restated balance as at 30 June 2020 905,281 (418,749) 47,156 (174,206) 359,482 Profit for financial year – 4,384 – – 4,384 Exchange differences arising from the translation of financial statements into presentationcurrency – – – 13,493 13,493 Total comprehensive loss for financial year – 4,384 – 13,493 17,877 Transactions with owners in their capacity as owners: Deferred tax adjustment on transaction costs arising on ordinary shares issued in prior period 23 (143) – – – (143) Share‑based payments expense – – 3,034 – 3,034 (143) – 3,034 – 2,891 Balance as at 30 June 2021 905,138 (414,365) 50,190 (160,713) 380,250 The above consolidated statement of changes in equity should be read in conjunction with the accopaygotes. Karoon Energy Ltd 79 Annual Report 2021