Condensed consolidated statement of changes in equity
for the half-year ended 31 December 2018
View as excel [XLS – 63KB]
| R'000 | Half-year ended 31 December 2018 Unaudited |
Half-year ended 31 December 2017 Unaudited |
Year ended 30 June 2018 Audited |
Equity attributable to shareholders of the Company | 25 137 558 | 22 828 089 | 23 957 082 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 16 888 | 16 830 | 16 873 | |||||||||
| Balance at beginning of the period | 16 873 | 16 770 | 16 770 | |||||||||
| Shares issued during the period | 15 | 60 | 103 | |||||||||
| Share premium | 856 970 | 598 071 | 797 717 | |||||||||
| Balance at beginning of the period | 797 717 | 379 792 | 379 792 | |||||||||
| Shares issued during the period | 59 393 | 218 613 | 418 505 | |||||||||
| Share issue costs | (140) | (334) | (580) | |||||||||
| Foreign currency translation reserve | 221 386 | 253 216 | 262 787 | |||||||||
| Balance at beginning of the period | 262 787 | 286 628 | 286 628 | |||||||||
| Movement during the period | (22 098) | (33 560) | (23 168) | |||||||||
| Realisation of reserve on disposal of subsidiaries and or associates | (19 303) | 148 | (673) | |||||||||
| Hedging reserve | (293) | (1 813) | (963) | |||||||||
| Balance at beginning of the period | (963) | 6 489 | 6 489 | |||||||||
| Fair value losses arising during the period | 931 | (11 531) | (10 350) | |||||||||
| Deferred tax recognised directly in reserve | (261) | 3 229 | 2 898 | |||||||||
| Equity-settled share-based payment reserve | (211 360) | (49 459) | (243 388) | |||||||||
| Balance at beginning of the period | (243 388) | (14 787) | (14 787) | |||||||||
| Arising during the period | 92 444 | 83 945 | 155 637 | |||||||||
| Deferred tax recognised directly in reserve | 9 059 | 100 056 | 36 540 | |||||||||
| Utilisation during the period | (58 259) | (218 673) | (419 756) | |||||||||
| Realisation of reserve on disposal of subsidiaries and or associates | – | – | (1 022) | |||||||||
| Transfer to retained earnings | (11 216) | – | – | |||||||||
| Movement in retained earnings | 23 616 904 | 21 268 092 | 22 486 993 | |||||||||
| Balance at beginning of the period | 22 486 993 | 20 279 261 | 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 | (43 223) | – | – | |||||||||
| Attributable profit | 2 223 239 | 1 880 957 | 3 817 996 | |||||||||
| Change in fair value of available-for-sale financial assets | 1 571 | 1 118 | (3 111) | |||||||||
| Net remeasurement of defined benefit obligations during the period | – | – | 1 620 | |||||||||
| Share of other comprehensive income of associates | 3 181 | – | – | |||||||||
| Retained earnings arising on consolidation of the Bidvest Education Trust | – | – | 222 155 | |||||||||
| Transfer of reserves as a result of changes in shareholding of subsidiaries | (8 138) | (8 595) | (85 706) | |||||||||
| Remeasurement of put option liability | (5 527) | – | (5 025) | |||||||||
| Net dividends paid | (1 013 685) | (884 649) | (1 740 197) | |||||||||
| Transfer from equity-settled share-based payment reserve | 11 216 | – | – | |||||||||
| Treasury shares | 637 063 | 743 152 | 637 063 | |||||||||
| Balance at beginning of the year | 637 063 | 743 152 | 743 152 | |||||||||
| Treasury shares arising on consolidation of the Bidvest Education Trust | – | – | (106 089) | |||||||||
| Equity attributable to non-controlling interests of the Company | 991 753 | 1 271 360 | 1 023 627 | |||||||||
| Balance at beginning of the period | 1 023 627 | 1 347 018 | 1 347 018 | |||||||||
| IFRS 15 adjustment to opening balance | (14 506) | – | – | |||||||||
| Total comprehensive income | 33 354 | 65 199 | 59 865 | |||||||||
| Attributable profit | 33 691 | 69 262 | 67 617 | |||||||||
| Movement in foreign currency translation reserve | (337) | (4 063) | (8 163) | |||||||||
| Net remeasurement of defined benefit obligations during the period | – | – | 411 | |||||||||
| Dividends paid | (36 465) | (155 872) | (319 984) | |||||||||
| Movement in equity-settled share-based payment reserve | 39 | 137 | (651) | |||||||||
| Changes in shareholding | (22 434) | 6 283 | (125 405) | |||||||||
| Grant of put options to non-controlling interests | – | – | (22 922) | |||||||||
| Transfer of reserves as a result of changes in shareholding of subsidiaries | 8 138 | 8 595 | 85 706 | |||||||||
| Total equity | 26 129 311 | 24 099 449 | 24 980 709 | |||||||||