84 / 166
2017
R’000
2016
R’000
Equity attributable to shareholders of the company
23 548 214
24 080 624
Stated capital
5 428 016
5 428 016
Balance at beginning of year
5 428 016
#
Shares issued during the year
–
5 428 016
Treasury shares
(795 187)
(949 731)
Balance at beginning of year
(949 731)
–
Shares disposed of in terms of share incentive schemes
154 544
12 420
Transfer as a result from unbundling
–
(962 151)
Foreign currency translation reserve
4 318 272
7 111 926
Balance at beginning of year
7 111 926
4 852 891
Movement during the year
(2 793 654)
2 256 344
Realisation of reserve on disposal of subsidiaries
–
2 691
Hedging reserve
1 338
–
Balance at beginning of year
–
(3 308)
Fair value gains incurred during the year
1 652
607
Deferred taxation recognised directly in reserve
(314)
2 701
Equity-settled share-based payment reserve
20 914
(2 025)
Balance at beginning of year
(2 025)
54 857
Arising during current year
97 569
48 653
Deferred taxation recognised directly in reserve
22 824
27 776
Utilisation during the year
(154 544)
(133 660)
Transfer as a result from unbundling
–
(28 947)
Transfer to retained earnings
57 090
29 296
Movement in retained earnings
14 574 861
12 492 438
Balance at beginning of year
12 492 438
12 778 926
Attributable profit
4 008 287
3 279 576
Net remeasurement of defined benefit obligations during the year
6 010
(47 882)
Remeasurement of puttable option during the year
(48 076)
–
Dividends paid
(1 646 835)
(537 283)
Transfers of reserves as a result of changes in shareholding of subsidiaries
(121 790)
–
Transfers of subsidiaries under common control
(29 924)
(2 973 047)
Transfer from unbundling for share-based payments
–
28 947
Transfer of reserves from non-controlling interests of the company
(28 159)
(7 503)
Transfer from equity-settled share-based payment reserve
(57 090)
(29 296)
Equity attributable to non-controlling interests of the company
123 306
136 950
Balance at beginning of year
136 950
65 946
Other comprehensive income
14 918
47 971
Attributable profit
23 594
40 468
Movement in foreign currency translation reserve
(8 676)
7 503
Dividends paid
(15 758)
(13 140)
Share of movement on other reserves
(1 424)
(253)
Changes in shareholding
80 293
73 623
Transfer to puttable non-controlling interest liability
(119 832)
(44 700)
Transfer to retained earnings
28 159
7 503
Total equity
23 671 520
24 217 574
#
Amount below R1 000.
FINANCIAL OVERVIEW
Consolidated statement of changes in equity
for the year ended June 30
FINANCIAL STAT MENTS
Annual integrated report 2017
Bid Corporation Limited
80