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