NONCONTROLLING INTERESTS

12 Months Ended

Sep. 30, 2011

NOTE 16 –NONCONTROLLING INTERESTS

The following table presents the activity in noncontrolling interests during fiscal 2011 (in thousands):

Noncontrolling interests, beginning of year	$	(2,873	)
Net income		799
Restricted stock awards		40
Other comprehensive loss		(24	)
Transactions related specifically to the January 2011 formation of LEAF:
Exchange of LEAF Financial common stock held by management for LEAF common stock		3,467
LEAF common stock issuance costs		(221	)
Warrants issued to Guggenheim (see Note 12)		452
Issuance of LEAF preferred stock and warrants to RCC		36,213
Cash portion of LEAF preferred stock dividends to RCC		(493	)
		39,418
Noncontrolling interests, end of year	$	37,360

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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