Annual report home ► Downloads ►   The Bidvest Group Limited Annual report 2006 Commentary Value added statement Exchanges with government Directors’ responsibility for the financial statements Declaration by company secretary Report of the independent auditors Directors’ report Accounting policies Consolidated income statement Consolidated statement of recognised income and expenses Consolidated cash flow statement Consolidated balance sheet Notes to the consolidated financial statements Company income statement Company cash flow statement Company balance sheet Notes to the Company financial statements Interest in subsidiaries, joint ventures and associates   Notes to the Company financial statements for the year ended June 30       2006  R’000    2005  R’000  11. Capital and reserves         Share capital         Authorised         540 000 000 (2005: 540 000 000) ordinary shares of 5 cents each 27 000    27 000      Number    Number    Issued         Balance at beginning of year 320 421 750    315 614 767    Shares issued in terms of the share incentive scheme 4 756 648    4 806 983    Balance at end of year 325 178 398    320 421 750      R’000    R’000    Issued share capital 16 259    16 021    Balance at beginning of year 16 021    15 781    Shares issued in terms of the share incentive scheme 238    240    Share premium 2 695 956    3 589 943    Balance at beginning of year 3 589 943    4 054 734    Arising on shares issued in terms of the share incentive scheme 180 217    177 349    Refunds of share premium to shareholders in lieu of dividends (1 074 023)   (641 612)   Share issue expenses (181)   (528)             Reserves         Equity-settled share-based payment reserve 107 945    57 895    Balance at beginning of year 57 895    20 274    Arising during current year 50 050    37 621    Retained earnings 2 330 906    1 691 925    Balance at beginning of year 1 691 925    1 178 343    Profit attributable to shareholders 638 981    729 461    Dividends and capitalisation issues –    (215 879)   Total capital and reserves 5 151 066    5 355 784              The Company issued 18 000 000 options to shareholders to subscribe for 18 000 000 new ordinary shares at R60 per share on December 8 2006, in terms of a special resolution passed at a meeting of shareholders held on November 10 2003. 30 000 000 of the unissued shares are under the control of the directors until the next annual general meeting.         ▲   Back to top