Summary consolidated statement of changes in equity
for the year ended June 30
| Download (EXCEL) |
| R000s | 2017 Audited |
2016 Audited (Note 1) |
||||||
| Equity attributable to shareholders of the Company | 23 548 214 | 24 080 624 | ||||||
| Stated capital | 5 428 016 | 5 428 016 | ||||||
| Balance at the beginning of the year | 5 428 016 | # | ||||||
| Shares issued during the year | – | 5 428 016 | ||||||
| Treasury shares | (795 187) | (949 731) | ||||||
| Balance at the beginning of the year | (949 731) | – | ||||||
| Shares disposed of in terms of share option scheme | 154 544 | 12 420 | ||||||
| Transfer as a result of unbundling | – | (962 151) | ||||||
| Foreign currency translation reserve | 4 318 272 | 7 111 926 | ||||||
| Balance at the beginning of the year | 7 111 926 | 4 852 891 | ||||||
| Arising during the year | (2 793 654) | 2 256 344 | ||||||
| Realisation of reserve on disposal of subsidiaries | – | 2 691 | ||||||
| Hedging reserve | 1 338 | – | ||||||
| Balance at the beginning of the year | – | (3 308) | ||||||
| Fair value gains arising during the year | 1 652 | 607 | ||||||
| Deferred tax recognised directly in reserve | (314) | 2 701 | ||||||
| Equity-settled share-based payment reserve | 20 914 | (2 025) | ||||||
| Balance at the beginning of year | (2 025) | 54 857 | ||||||
| Arising during current year | 97 569 | 48 653 | ||||||
| Deferred tax recognised directly in reserve | 22 824 | 27 776 | ||||||
| Utilisation during the year | (154 544) | (133 660) | ||||||
| Transfer as a result of unbundling | – | (28 947) | ||||||
| Transfer to retained earnings | 57 090 | 29 296 | ||||||
| Movement in retained earnings | 14 574 861 | 12 492 438 | ||||||
| Balance at the beginning of the 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 the beginning of the 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 |
| * | Amounts below R1 000. |
| Note 1: | Actual financial results of Bidcorp for the year ended June 30 2016 do not include assets transferred to Bidcorp from Bidvest as part of the restructuring of Bidcorp for the full financial year, as this transfer was effective from April 1 2016. |