Summarised consolidated statement of changes in equity
for the year ended 30 June
2017 Audited R’000 |
2016 Audited R’000 |
||||
---|---|---|---|---|---|
Shareholders’ interest | |||||
Issued share capital | 16 770 | 16 770 | |||
Balance at beginning of the year | 16 770 | 16 758 | |||
Shares issued during the year | – | 12 | |||
Share premium arising on shares issued | 379 792 | 379 792 | |||
Balance at beginning of the year | 379 792 | 297 298 | |||
Shares issued during the year | – | 82 580 | |||
Share issue costs | – | (86) | |||
Foreign currency translation reserve | 286 628 | 393 429 | |||
Balance at beginning of the year | 393 429 | 5 149 394 | |||
Current year movement | (105 885) | 4 147 359 | |||
Realisation of reserve on disposal and or unbundling of subsidiaries and or associates | (916) | (8 903 324) | |||
Hedging reserve | 6 489 | 25 526 | |||
Balance at beginning of the year | 25 526 | 25 383 | |||
Fair value movements during the year | (26 440) | 2 257 | |||
Taxation recognised directly in reserve | 7 403 | (238) | |||
Realisation of reserve on disposal and or unbundling of subsidiaries and or associates | – | (1 876) | |||
Equity-settled share-based payment reserve | (14 787) | 67 002 | |||
Balance at beginning of the year | 67 002 | 310 416 | |||
Arising during the year | 143 712 | 259 226 | |||
Taxation recognised directly in reserve | 81 779 | 146 745 | |||
Utilisation during the year | (307 280) | (762 053) | |||
Realisation of reserve on disposal and or unbundling of subsidiaries and or associates | – | 3 205 | |||
Transfer to retained earnings | – | 109 463 | |||
Retained earnings | 20 279 261 | 17 108 032 | |||
Balance at the beginning of the year | 17 108 032 | 31 558 166 | |||
Attributable profit | 4 769 940 | 81 501 555 | |||
Change in fair value of available-for-sale financial assets | 2 527 | (2 244) | |||
Net remeasurement of defined benefit obligations during the year | 7 359 | 9 721 | |||
Transfer of reserves as a result of changes in shareholding of subsidiaries | (118 000) | (45 592) | |||
Taxation direct in equity arising from transactions with subsidiaries | 47 664 | – | |||
Remeasurement of put option liability | (8 676) | (787) | |||
Net dividends paid | (1 529 585) | (3 149 552) | |||
Dividend in specie on unbundling of subsidiaries | – | (92 533 240) | |||
Taxation direct in equity arising from dividend in specie | – | (120 532) | |||
Transfer from equity-settled share-based payment reserve | – | (109 463) | |||
Treasury shares | 743 152 | 468 923 | |||
Balance at the beginning of the year | 468 923 | (985 225) | |||
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) | |||
Shares disposed of in terms of share incentive scheme | 274 229 | 1 265 277 | |||
21 697 305 | 18 459 474 | ||||
Equity attributable to non-controlling interest | |||||
Balance at beginning of the year | 1 286 606 | 1 338 044 | |||
Other comprehensive income | 86 782 | 217 408 | |||
Attributable profit | 98 649 | 194 304 | |||
Movement in foreign currency translation reserve | (11 902) | 23 176 | |||
Net remeasurement of defined benefit obligations during the period | 35 | (72) | |||
Dividends paid | (129 384) | (141 302) | |||
Movement in equity-settled share-based payment reserve | (567) | 562 | |||
Changes in shareholding | (14 419) | (6 686) | |||
Grant of puttable options to non-controlling interests | – | (68 944) | |||
Transfer of reserves as a result of changes in shareholding of subsidiaries and other transaction with subsidiaries | 118 000 | 45 592 | |||
Non-controlling interest of disposed or unbundled subsidiaries | – | (98 068) | |||
1 347 018 | 1 286 606 | ||||
Total equity | 23 044 323 | 19 746 080 | |||