Financial statements

Consolidated statement of changes in equity

for the year ended June 30  2018 
R’000 		    2017 
R’000 
Equity attributable to shareholders of the company  26 544 452     23 548 214 
Stated capital  5 428 016     5 428 016 
Treasury shares  (601 908)    (795 187)
   Balance at beginning of the year  (795 187)    (949 731)
   Shares disposed in terms of share option scheme  193 279     154 544 
Foreign currency translation reserve  5 497 156     4 318 272 
   Balance at beginning of the year  4 318 272     7 111 926 
   Increase (decrease) in foreign currency translation reserve  1 178 884     (2 793 654)
Hedging reserve  (450)    1 338 
   Balance at beginning of the year  1 338     – 
   Fair value (loss) gain incurred during the year  (2 208)    1 652 
   Deferred taxation recognised directly in reserve  420     (314)
Equity-settled share-based payment reserve  325 383     20 914 
   Balance at beginning of year  20 914     (2 025)
   Arising during current year  102 346     97 569 
   Deferred taxation recognised directly in reserve  145     22 824 
   Utilisation during the year  (193 279)    (154 544)
   Transfer to retained earnings  395 257     57 090 
Retained earnings  15 896 255     14 574 861 
   Balance at beginning of the year  14 574 861     12 492 438 
   Attributable profit  3 542 923     4 008 287 
   Dividends paid  (1 777 643)    (1 646 835)
   Remeasurement of defined benefit obligations during the year  2 446     6 010 
   Remeasurement of puttable option during the year  2 801     (48 076)
   Changes in shareholding of subsidiaries  (53 876)    (121 790)
   Transfer from equity-settled share-based payment reserve  (395 257)    (57 090)
   Transfer of subsidiaries under common control  –     (29 924)
   Transfer of reserves from non-controlling interests of the company  –     (28 159)
Equity attributable to non-controlling interests of the company  244 452     123 306 
   Balance at beginning of the year  123 306     136 950 
   Total comprehensive income  46 331     14 918 
      Attributable profit  22 187     23 594 
      Movement in foreign currency translation reserve  24 144     (8 676)
   Dividends paid  (24 357)    (15 758)
   Share of movement on other reserves  3 022     (1 424)
   Changes in shareholding  342 342     80 293 
   Transfer to puttable non-controlling interest liability (refer note 10.4) (246 192)    (119 832)
   Transfer to retained earnings  –     28 159 
Total equity  26 788 904     23 671 520