Consolidated statement of changes in equity

for the year ended June 30

	2016 R’000	2015 R’000

Equity attributable to shareholders of the Company	18 459 474	36 372 190
Share capital	16 770	16 758
Balance at beginning of the year	16 758	16 562
Shares issued during the year	12	17
Capitalisation issue	–	179
Share premium	379 792	297 298
Balance at beginning of the year	297 298	193 182
Shares issued during the year	82 580	104 703
Share issue costs	(86)	(408)
Capitalisation issue	–	(179)
Foreign currency translation reserve	393 429	5 149 394
Balance at beginning of the year	5 149 394	5 288 068
Realisation of reserve on disposal and or unbundling of subsidiaries and associates	(8 903 324)	(1 687)
Movement during the year	4 147 359	(136 987)
Hedging reserve	25 526	25 383
Balance at beginning of the year	25 383	29 041
Fair value losses incurred during the year	2 257	(6 026)
Realisation of reserve on disposal and or unbundling of subsidiaries and associates	(1 876)	–
Deferred tax recognised directly in reserve	(238)	2 368
Equity-settled share-based payment reserve	67 002	310 416
Balance at beginning of year	310 416	359 594
Arising during current year	259 226	228 177
Deferred tax recognised directly in reserve	146 745	106 911
Utilisation during the year	(762 053)	(428 422)
Realisation of reserve on disposal and or unbundling of subsidiaries and associates	3 205	–
Transfer to retained earnings	109 463	44 156
Movement in retained earnings	17 108 032	31 558 166
Balance at beginning of the year	31 558 166	27 420 045
Attributable profit	81 501 555	5 898 406
Change in fair value of available-for-sale financial assets	(2 244)	23 825
Net remeasurement of defined benefit obligations during the year	9 721	33 015
Net dividends paid	(3 149 552)	(1 767 532)
Dividend in specie on unbundling of subsidiaries	(92 533 240)	–
Deferred tax direct in equity arising from dividend in specie	(120 532)	–
Net remeasurement of put option liability	(787)	–
Transfer of reserves as a result of changes in shareholding of subsidiaries	(45 592)	(5 437)
Transfer from share based payment reserve	(109 463)	(44 156)
Treasury shares	468 923	(985 225)
Balance at beginning of the year	(985 225)	(1 525 610)
Shares disposed of in terms of share incentive scheme	1 265 277	540 385
Shares disposed of with the unbundling of subsidiaries	420 288	–
Reduction in the value of treasury shares arising on receipt of unbundled shares	(231 417)	–

Equity attributable to non-controlling interests of the Company	1 286 606	1 338 044
Balance at beginning of the year	1 338 044	1 230 233
Other comprehensive income	217 408	281 676
Attributable profit	194 304	260 970
Movement in foreign currency translation reserve	23 176	20 568
Net remeasurement of defined benefit obligations during the year	(72)	138
Dividends paid	(141 302)	(188 274)
Movement in equity-settled share-based payment reserve	562	460
Changes in shareholding	(6 686)	935 197
Grant of put options to non-controlling interests	(68 944)	(926 685)
Transfer of reserves as a result of changes in shareholding of subsidiaries	45 592	5 437
Non-controlling interest of unbundled subsidiaries	(98 068)	–

Total equity	19 746 080	37 710 234