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GROUP STATEMENT OF CHANGES IN EQUITY
for the year ended 30 June 2011
| Number of ordinary shares issued |
Number of shares held by share trusts |
Net shares issued to public |
Stated capital R’000 |
Foreign currency translation reserve R’000 |
Distri- butable reserves R’000 |
Equity share- holders R’000 |
Non- control- ling interest R’000 |
Total R’00 |
||||||
| Balance at 30 June 2009 | 120 093 047 | (25 479 005) | 94 614 042 | 1 218 133 | (73 936) | 1 229 280 | 2 373 477 | 34 366 | 2 407 843 | |||||
| Issue of shares to share trust | ||||||||||||||
| in terms of share scheme | 198 793 | (198 793) | – | – | – | – | – | – | – | |||||
| Issue of shares from share trust | – | 721 128 | 721 128 | 7 408 | – | – | 7 408 | – | 7 408 | |||||
| Issue of shares in terms of | ||||||||||||||
| BEE ownership scheme in | ||||||||||||||
| lieu of dividends | 619 977 | (619 977) | – | – | – | – | – | – | – | |||||
| Share option costs | – | – | – | 35 594 | – | – | 35 594 | – | 35 594 | |||||
| Total comprehensive income | – | – | – | – | (68 889) | 267 377 | 198 488 | 46 300 | 244 788 | |||||
| Comprehensive income: | ||||||||||||||
| Net profit for the year | – | – | – | – | – | 267 377 | 267 377 | 46 300 | 313 677 | |||||
| Other comprehensive income: | ||||||||||||||
| Translation differences arising | ||||||||||||||
| from foreign operations | – | – | – | – | (68 889) | – | (68 889) | – | (68 889) | |||||
| Distribution to non-controlling | ||||||||||||||
| interests | – | – | – | – | – | – | – | (5 611) | (5 611) | |||||
| Dividends paid | – | – | – | – | – | (128 610) | (128 610) | – | (128 610) | |||||
| Balance at 30 June 2010 | 120 911 817 | (25 576 647) | 95 335 170 | 1 261 135 | (142 825) | 1 368 047 | 2 486 357 | 75 055 | 2 561 412 | |||||
| Issue of shares to share trust | ||||||||||||||
| in terms of share scheme | 92 699 | (92 699) | – | – | – | – | – | – | – | |||||
| Issue of shares from share trust | – | 669 609 | 669 609 | 5 704 | – | – | 5 704 | – | 5 704 | |||||
| Issue of shares in terms of | ||||||||||||||
| BEE ownership scheme in | ||||||||||||||
| lieu of dividends | 473 342 | (473 342) | – | – | – | – | – | – | – | |||||
| Share option costs | – | – | – | 41 132 | – | – | 41 132 | – | 41 132 | |||||
| Total comprehensive income | – | – | – | – | (45 948) | (218 107) | (264 055) | 59 063 | (204 992) | |||||
| Comprehensive income: | ||||||||||||||
| Net loss for the year | – | – | – | – | – | (218 107) | (218 107) | 59 063 | (159 044) | |||||
| Other comprehensive income: | ||||||||||||||
| Translation differences arising | ||||||||||||||
| from foreign operations | – | – | – | – | (45 948) | – | (45 948) | – | (45 948) | |||||
| Distribution to non-controlling | ||||||||||||||
| interests | – | – | – | – | – | – | – | (16 553) | (16 553) | |||||
| Dividends paid | – | – | – | – | – | (121 008) | (121 008) | – | (121 008) | |||||
| Balance at 30 June 2011 | 121 477 858 | (25 473 079) | 96 004 779 | 1 307 971 | (188 773) | 1 028 932 | 2 148 130 | 117 565 | 2 265 695 |
The foreign currency translation reserve is the result of exchange differences arising from the translation of the group’s foreign operations to the functional and presentation currency of the holding company, being Rand.
he group issues equity-settled share-based incentives to certain employees. Equity-settled share-based payments are measured at fair value at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period.
As reported on page 54 on the CD contained within this intigrated report, during the year the broad-based scheme reached its vesting date. 540 081 shares included in the number of shares held by shares trusts at 30 June 2011 is thus expected to be transferred to individual beneficiaries in the new financial year.