Condensed consolidated statement of changes in equity
for the half-year ended 31 December 2019
| Download (EXCEL) |
| Half-year ended 31 December | |||||||||||||||
| R000s | 2019 Unaudited |
IFRS 16 adjustment Unaudited |
2019 ^ Pro forma Unaudited |
2018 Unaudited |
Year ended 30 June 2019 Audited |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity attributable to shareholders of the Company | 26 189 547 | 107 239 | 26 296 786 | 25 137 558 | 25 618 212 | ||||||||||
| Share capital | 17 014 | – | 17 014 | 16 888 | 16 948 | ||||||||||
| Balance at beginning of the period | 16 948 | – | 16 948 | 16 873 | 16 873 | ||||||||||
| Shares issued during the period | 66 | – | 66 | 15 | 75 | ||||||||||
| Share premium | 1 367 796 | – | 1 367 796 | 856 970 | 1 099 231 | ||||||||||
| Balance at beginning of the period | 1 099 231 | – | 1 099 231 | 797 717 | 797 717 | ||||||||||
| Shares issued during the period | 268 856 | – | 268 856 | 59 393 | 302 012 | ||||||||||
| Share issue costs | (291) | – | (291) | (140) | (498) | ||||||||||
| Foreign currency translation reserve | 214 380 | – | 214 380 | 221 386 | 208 936 | ||||||||||
| Balance at beginning of the period | 208 936 | – | 208 936 | 262 787 | 262 787 | ||||||||||
| Movement during the period | 2 641 | – | 2 641 | (22 098) | (10 948) | ||||||||||
| Realisation of reserve on disposal of subsidiaries and or associates | 2 803 | – | 2 803 | (19 303) | (42 903) | ||||||||||
| Hedging reserve | (25 728) | – | (25 728) | (293) | (13 580) | ||||||||||
| Balance at beginning of the period | (13 580) | – | (13 580) | (963) | (963) | ||||||||||
| Fair value (losses) gains arising during the period | (16 872) | – | (16 872) | 931 | (17 523) | ||||||||||
| Deferred tax recognised directly in reserve | 4 724 | – | 4 724 | (261) | 4 906 | ||||||||||
| Equity-settled share-based payment reserve | (478 558) | – | (478 558) | (211 360) | (343 118) | ||||||||||
| Balance at beginning of the period | (343 118) | – | (343 118) | (243 388) | (243 388) | ||||||||||
| Arising during the period | 109 800 | – | 109 800 | 92 444 | 191 070 | ||||||||||
| Deferred tax recognised directly in reserve | 33 065 | – | 33 065 | 9 059 | 34 289 | ||||||||||
| Utilisation during the period | (278 305) | – | (278 305) | (58 259) | (324 656) | ||||||||||
| Realisation of reserve on disposal of subsidiaries and or associates | – | – | – | – | 8 049 | ||||||||||
| Transfer of equity-settled share-based payment reserve as a result of changes in shareholding of subsidiaries | – | – | – | – | 2 734 | ||||||||||
| Transfer to retained earnings | – | – | – | (11 216) | (11 216) | ||||||||||
| Movement in retained earnings | 24 440 880 | 107 239 | 24 548 119 | 23 616 904 | 24 012 732 | ||||||||||
| Balance at the beginning of the period | 24 012 732 | – | 24 012 732 | 22 486 993 | 22 486 993 | ||||||||||
| IFRS 15 adjustment to balance at beginning of the period | – | – | – | (38 723) | (38 723) | ||||||||||
| IFRS 9 adjustment to balance at beginning of the period | – | – | – | (43 223) | (41 360) | ||||||||||
| Share of associate IFRS 16 adjustment to balance at beginning of the period ˘ | (20 402) | 20 402 | – | – | – | ||||||||||
| Attributable profit | 1 615 766 | 86 837 | 1 702 603 | 2 223 239 | 3 775 282 | ||||||||||
| Changes in the fair value of financial assets recognised through other comprehensive income | (6 563) | – | (6 563) | 1 571 | 23 849 | ||||||||||
| Net remeasurement of defined benefit obligations during the period | – | – | – | – | (679) | ||||||||||
| Share of other comprehensive income of associates | 6 014 | – | 6 014 | 3 181 | (13 828) | ||||||||||
| Transfer of reserves as a result of changes in shareholding of subsidiaries | (91 878) | – | (91 878) | (8 138) | (218 674) | ||||||||||
| Remeasurement of put option liability | 1 266 | – | 1 266 | (5 527) | (7 115) | ||||||||||
| Net dividends paid | (1 076 055) | – | (1 076 055) | (1 013 685) | (1 964 229) | ||||||||||
| Transfer from equity-settled share-based payment reserve | – | – | – | 11 216 | 11 216 | ||||||||||
| Treasury shares | 653 763 | – | 653 763 | 637 063 | 637 063 | ||||||||||
| Balance at the beginning of the period | 637 063 | – | 637 063 | 637 063 | 637 063 | ||||||||||
| Shares disposed of in terms of share incentive scheme | 16 700 | – | 16 700 | – | – | ||||||||||
| Equity attributable to non-controlling interests of the Company | 2 384 448 | 315 | 2 384 763 | 991 753 | 304 620 | ||||||||||
| Balance at beginning of the period | 304 620 | – | 304 620 | 1 023 627 | 1 023 627 | ||||||||||
| IFRS 15 adjustment to opening balance | – | – | – | (14 506) | (14 506) | ||||||||||
| IFRS 9 adjustment to opening balance | – | – | – | – | (2 512) | ||||||||||
| Total comprehensive income | 176 586 | 315 | 176 901 | 33 354 | 28 552 | ||||||||||
| Attributable profit | 194 269 | 315 | 194 584 | 33 691 | 28 648 | ||||||||||
| Movement in foreign currency translation reserve | (8 475) | – | (8 475) | (337) | (96) | ||||||||||
| Net movement in hedging reserve | (9 208) | – | (9 208) | – | – | ||||||||||
| Dividends paid | (126 951) | – | (126 951) | (36 465) | (51 207) | ||||||||||
| Equity-settled share-based payment reserve arising in the period | 7 697 | – | 7 697 | 39 | (961) | ||||||||||
| Equity-settled share-based payment reserve utilised in the period | (10 389) | – | (10 389) | – | – | ||||||||||
| Transfer of equity-settled share-based payment reserve as a result of changes in shareholding of subsidiaries | – | – | – | – | (2 734) | ||||||||||
| Changes in shareholding | 1 941 007 | – | 1 941 007 | (22 434) | (894 313) | ||||||||||
| Transfer of reserves as a result of changes in shareholding of subsidiaries | 91 878 | – | 91 878 | 8 138 | 218 674 | ||||||||||
| Total equity | 28 573 995 | 107 554 | 28 681 549 | 26 129 311 | 25 922 832 | ||||||||||
| ˘ | Comair adopted and transitioned to IFRS 16 using a modified retrospective approach where the right-of-use asset is recognised as at the date of initial application as if IFRS 16 had always been applied |
| ^ | Pro forma Unaudited applies IAS 17 to operating leases for the half year ending 31 December 2019 |