Notes to the consolidated financial statements Note 22

    2017 
R’000 
    2016 
R’000 
 
22. CAPITAL AND RESERVES ATTRIBUTABLE TO SHAREHOLDERS OF THE COMPANY          
  Stated capital          
  Issued stated capital  5 428 016        5 428 016    
   Less: Shares held by subsidiary as treasury shares  (795 187)       (949 731)   
   Balance at beginning of year  (949 731)       –    
      Shares disposed of in terms of The Bidvest share incentive scheme  154 544        12 420    
      Transfer as a result of unbundling  –        (962 151)   
   Reserves                
   Foreign currency translation reserve  4 318 272        7 111 926    
   Hedging reserve  1 338        –    
   Equity-settled share-based payment reserve  20 914        (2 025)   
   Retained earnings  14 574 861        12 492 438    
   Total capital reserves comprise                
   Amounts attributable to shareholders of the company  23 548 214        24 080 624    
   Amounts attributable to non-controlling interests  123 306        136 950    
      23 671 520        24 217 574    
   Reserves comprise                
   Company and subsidiaries  23 558 808        24 085 133    
   Associates and jointly controlled entity  (4 078)       (4 509)   
      23 548 214        24 080 624   

    2017 
Number 
’000 
    2016 
Number 
’000 
 
  Stated capital          
  Authorised          
  540 000 000 ordinary shares of no par value          
  (2016: 540 000 000 ordinary shares of no par value)          
  Issued          
  335 404 212 ordinary shares of no par value          
  (2016: 335 404 212 ordinary shares of no par value) 335 404      335 404   
  Less: Shares held by subsidiary as treasury shares (2 968)     (3 566)  
     Balance at beginning (3 566)      
     Shares disposed of in terms of The Bidvest share incentive scheme 598      48   
     Transfer as a result of unbundling –      (3 614)  
    332 436      331 838   
 

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 share appreciation right awards 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 22