71 / 170
2016
R’000
2015
R’000
Equity attributable to shareholders of the company
24 080 624
17 683 366
Stated capital
5 428 016
#
Balance at beginning of year
#
#
Shares issued during the year
5 428 016
–
Treasury shares
(949 731)
–
Balance at beginning of year
–
–
Transfer as a result of unbundling
(962 151)
–
Shares disposed of in terms of share incentive scheme
12 420
–
Foreign currency translation reserve
7 111 926
4 852 891
Balance at beginning of year
4 852 891
5 035 783
Realisation of reserve on disposal of subsidiaries
2 691
–
Movement during the year
2 256 344
(182 892)
Hedging reserve
–
(3 308)
Balance at beginning of year
(3 308)
(12 761)
Fair value gains arising during the year
607
12 154
Deferred taxation recognised directly in reserve
2 701
(2 701)
Equity-settled share-based payment reserve
(2 025)
54 857
Balance at beginning of year
54 857
56 109
Arising during current year
48 653
57 181
Deferred taxation recognised directly in reserve
27 776
14 663
Utilisation during the year
(133 660)
(91 979)
Transfer as a result of unbundling
(28 947)
–
Transfer to retained earnings
29 296
18 883
Movement in retained earnings
12 492 438
12 778 926
Balance at beginning of year
12 778 926
10 264 326
Attributable profit
3 279 576
2 514 858
Net remeasurement of defined benefit obligations during the year
(47 882)
18 512
Net dividends paid
(537 283)
–
Transfers of subsidiaries under common control
(2 973 047)
–
Transfer from unbundling for equity-settled share-based payment reserve
28 947
–
Transfer of reserves as a result of changes in shareholding of subsidiaries
(7 503)
113
Transfer from share-based payment reserve
(29 296)
(18 883)
Equity attributable to non-controlling interests of the company
136 950
65 946
Balance at beginning of year
65 946
67 340
Other comprehensive income
47 971
21 241
Attributable profit
40 468
11 591
Movement in foreign currency translation reserve
7 503
9 650
Dividends paid
(13 140)
(15 410)
Movement in equity-settled share-based payment reserve
(253)
–
Changes in shareholding
73 623
895 298
Transfer to puttable non-controlling interest liabilities
(44 700)
(902 410)
Transfer of reserves as a result of changes in shareholding of subsidiaries
7 503
(113)
Total equity
24 217 574
17 749 312
#
Amounts below R1 000.
Consolidated statement of changes in equity
for the year ended June 30
Bidcorp Limited Annual integrated report 2016 |
Page 67
Financial overview