Summarised consolidated statement of changes in equity

R'000	Year ended 30 June 2019 Audited	Year ended 30 June 2018 Audited
Equity attributable to shareholders of the Company	25 618 212	23 957 082
Share capital	16 948	16 873
Balance at beginning of the year	16 873	16 770
Shares issued during the year	75	103
Share premium	1 099 231	797 717
Balance at beginning of the year	797 717	379 792
Shares issued during the year	302 012	418 505
Share issue costs	(498)	(580)
Foreign currency translation reserve	208 936	262 787
Balance at beginning of the year	262 787	286 628
Movement during the year	(10 948)	(23 168)
Realisation of reserve on disposal of subsidiaries and or associates	(42 903)	(673)
Hedging reserve	(13 580)	(963)
Balance at beginning of the year	(963)	6 489
Fair value losses arising during the year	(17 523)	(10 350)
Deferred tax recognised directly in reserve	4 906	2 898
Equity-settled share-based payment reserve	(343 118)	(243 388)
Balance at beginning of the year	(243 388)	(14 787)
Arising during the year	191 070	155 637
Deferred tax recognised directly in reserve	34 289	36 540
Utilisation during the year	(324 656)	(419 756)
Realisation of reserve on disposal of subsidiaries and or associates	8 049	(1 022)
Transfer of equity-settled share-based payment reserve as a result of changes in shareholding of subsidiaries	2 734	–
Transfer from retained earnings	(11 216)	–
Movement in retained earnings	24 012 732	22 486 993
Balance at the beginning of the year	22 486 993	20 279 261
IFRS 15 adjustment to balance at beginning of the period	(38 723)	–
IFRS 9 adjustment to balance at beginning of the period	(41 360)	–
Attributable profit	3 775 282	3 817 996
Change in fair value of financial assets recognised through other comprehensive income	23 849	(3 111)
Net remeasurement of defined benefit obligations during the year	(679)	1 620
Retained earnings arising on consolidation of the Bidvest Education Trust	–	222 155
Transfer of reserves as a result of changes in shareholding of subsidiaries and other transactions with subsidiaries	(218 674)	(85 706)
Remeasurement of put option liability	(7 115)	(5 025)
Share of other comprehensive income of associates	(13 828)	–
Net dividends paid	(1 964 229)	(1 740 197)
Transfer from equity-settled share-based payment reserve	11 216	–
Treasury shares	637 063	637 063
Balance at the beginning of the year	637 063	743 152
Treasury shares arising on consolidation of the Bidvest Education Trust	–	(106 089)

Equity attributable to non-controlling interests of the Company	304 620	1 023 627
Balance at beginning of the year	1 023 627	1 347 018
IFRS 15 adjustment to balance at beginning of the period	(14 506)	–
IFRS 9 adjustment to balance at beginning of the period	(2 512)	–
Other comprehensive income	28 552	59 865
Attributable profit	28 648	67 617
Movement in foreign currency translation reserve	(96)	(8 163)
Net remeasurement of defined benefit obligations during the year	–	411
Dividends paid	(51 207)	(319 984)
Movement in equity-settled share-based payment reserve	(961)	(651)
Transfer of equity-settled share-based payment reserve as a result of changes in shareholding of subsidiaries	(2 734)	–
Changes in shareholding	(894 313)	(125 405)
Grant of put options to non-controlling interests	–	(22 922)
Transfer of reserves as a result of changes in shareholding of subsidiaries	218 674	85 706

Total equity	25 922 832	24 980 709