Notes to the consolidated financial statements | Note 21

    2016 
R’000 
    2015 
R’000 
 
21. CAPITAL AND RESERVES ATTRIBUTABLE TO SHAREHOLDERS OF THE COMPANY          
  Stated capital          
  Issued stated capital 5 428 016          
   Less: Shares held by subsidiary as treasury shares  (949 731)       –    
      Transfer as a result of unbundling  (962 151)       –    
      Shares disposed of in terms of share incentive scheme  12 420        –    
   Reserves                
   Foreign currency translation reserve  7 111 926        4 852 891    
   Hedging reserve  –        (3 308)   
   Equity-settled share-based payment reserve  (2 025)       54 857    
   Retained earnings  12 492 438        12 778 926    
   Total capital reserves comprise                
   Amounts attributable to shareholders of the company  24 080 624        17 683 366    
   Amounts attributable to minority shareholders  136 950        65 946    
      24 217 574        17 749 312    
   Reserves comprise                
   Company and subsidiaries  24 085 133        17 685 077    
   Associates  (4 509)       (1 711)   
      24 080 624        17 683 366    
   Authorised                
   540 000 000 ordinary shares of no par value (2015: 90 000 ordinary shares of 1 cent each and 10 000 variable rate preference shares of 1 cent each)               
   Issued                
   335 404 212 ordinary shares of no par value (2015: 10 000 ordinary shares of 1 cent each and 100 variable rate preference shares of 1 cent each) 335 404 212          
   Less: Shares held by subsidiary as treasury shares  (3 566 357)       –    
      Transfer as a result of unbundling  (3 614 487)       –    
      Shares disposed of in terms of share incentive  48 130        –    
    331 837 855       
 

# Amount below R1 000.

16 750 000 unissued no par value ordinary shares are under the control of the directors until the next annual general meeting.

Foreign currency translation reserve
The translation reserve comprises foreign exchange differences arising from the translation of the financial statements of foreign operations.

Equity-settled share-based payment reserve
The equity-settled share-based payment reserve includes the fair value of the options granted and conditional share awards made to executive directors and staff, which have been recognised over the vesting period at fair value with a corresponding expense recognised in the statement of profit or loss.


Notes to the consolidated financial statements | Note 21