Bidcorp

Condensed interim consolidated statement of changes in equity

for the

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			Half-year ended										Year ended
			December 31										June 30
R000s			2019  Unaudited					2018  Unaudited					2019  Audited
Equity attributable to shareholders of the company
Stated capital			5 428 016					5 428 016					5 428 016
Treasury shares			(248 441)					(550 341)					(435 584)
	Balance at beginning of period		(435 584)					(601 908)					(601 908)
	Shares disposed of in terms of share schemes		187 143					57 663					172 630
	Shares purchased for share schemes		–					(6 096)					(6 306)
Foreign currency translation reserve			5 513 109					5 930 430					5 263 176
	Balance at beginning of period		5 263 176					5 497 156					5 497 156
	Realisation of reserve on foreign subsidiaries		–					–					599
	Increase (decrease) in foreign currency translation reserve		249 933					433 274					(234 579)
Hedging reserve			(1 086)					(1 239)					(1 056)
	Balance at beginning of period		(1 056)					(450)					(450)
	Fair value loss		(37)					(1 063)					(837)
	Deferred taxation recognised directly in reserve		7					274					231
Equity-settled share-based payment reserve			249 770					331 184					341 798
	Balance at beginning		341 798					325 383					325 383
	Arising during period from total operations		63 506					59 948					116 882
	Deferred taxation recognised directly in reserve		–					–					7 143
	Utilisation during period from total operations		(459 452)					(57 663)					(172 630)
	Transfer to retained earnings		303 918					3 516					65 020
Retained earnings			14 977 139					16 839 400					17 902 350
	Balance at beginning of period		17 902 350					15 896 255					15 896 255
	IFRS 9 transition adjustment to retained earnings at beginning of year		–					–					(60 447)
	IFRS 16 transition adjustment to retained earnings at beginning of year		(1 035 469)					–					–
	Attributable profit		2 273 879					1 872 734					4 104 169
	Dividends paid		(1 106 834)					(939 132)					(1 978 885)
	Recognition of puttable non-controlling interest		–					13 059					12 964
	Recognition of puttable non-controlling interest liability*		(2 473 097)					–					–
	Reclassification of equity-incentive scheme to cash-settled incentive scheme		(279 772)					–					–
	Remeasurement of defined benefit obligations		–					–					(6 087)
	Transfer from foreign currency translation reserve		–					–					(599)
	Transfer from equity-settled share-based payment reserve		(303 918)					(3 516)					(65 020)
			25 918 507					27 977 450					28 498 700
Equity attributable to non-controlling interests of the company
Balance at beginning of period			237 267					244 452					244 452
Total comprehensive income			17 819					25 716					32 786
	Attributable profit		22 861					15 460					33 166
	Movement in foreign currency translation reserve		(5 042)					10 256					(380)
Dividends paid			(18 035)					(7 351)					(52 854)
Share of movement on reserves			334					358					–
Changes in shareholding			–					9 545					83 347
Transfer to puttable non-controlling interest liability			–					–					(70 464)
			237 385					272 720					237 267
Total equity			26 155 892					28 250 170					28 735 967

*	Refer to disclosure Basis of presentation of the condensed interim consolidated financial statements regarding the recognition of the puttable non-controlling interest liability.