| |
| CONDENSED GROUP STATEMENT OF CHANGES IN
EQUITY |
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| |
For the year ended 30 September 2007 |
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Notes |
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2007
R million
(Reviewed) |
|
2006
R million
(Audited) |
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| |
Share capital and premium |
|
|
|
90,8 |
|
76,9 |
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| |
Balance at the beginning of the year |
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|
76,9 |
|
49,4 |
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Issue of shares |
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|
14,0 |
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27,5 |
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| |
Shares cancelled in terms of buy-back of treasury shares – capital portion |
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|
(0,1) |
|
— |
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| |
Share-based payment reserve |
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|
649,9 |
|
40,4 |
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| |
Balance at the beginning of the year |
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40,4 |
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30,8 |
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Share-based payment expense |
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607,4 |
|
9,6 |
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Contribution by Reunert to employees of joint venture and associate in terms of broad based scheme |
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|
2,1 |
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— |
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Treasury shares |
11 |
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|
(276,1) |
|
(282,0) |
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Balance at the beginning of the year |
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|
(282,0) |
|
(282,0) |
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Shares cancelled in terms of buy-back of treasury shares – capital portion |
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0,1 |
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— |
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Shares cancelled in terms of buy-back of treasury shares – dividend portion |
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5,8 |
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— |
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Non-distributable reserves |
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7,3 |
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3,7 |
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Balance at the beginning of the year – restated |
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3,7 |
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5,4 |
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Balance at the beginning of the year – as previously reported |
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104,8 |
|
67,3 |
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Share of associate company’s retained earnings at the beginning of the year transferred to retained earnings |
12 |
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|
(101,1) |
|
(61,9) |
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Transfer from retained earnings – restated |
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|
— |
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— |
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Transfer from retained earnings – as previously reported |
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— |
|
39,2 |
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Transfer from retained earnings reversed |
12 |
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— |
|
(39,2) |
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Translation reserve |
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(0,3) |
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0,8 |
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Reunert’s share of equity-accounted associate’s actuarially valued surplus of medical aid provision |
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3,9 |
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— |
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Fair value adjustments |
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— |
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(2,5) |
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Retained earnings |
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1 997,1 |
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1 841,9 |
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Balance at the beginning of the year – restated |
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1 841,9 |
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1 758,1 |
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Balance at the beginning of the year – as previously reported |
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1 740,8 |
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1 696,2 |
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Share of associate company’s retained earnings at the beginning of the year transferred from non-distributable reserves |
12 |
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101,1 |
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61,9 |
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Profit for the year |
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639,3 |
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922,8 |
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Transfer to non-distributable reserves – restated |
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— |
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— |
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Transfer to non-distributable reserves – as previously reported |
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— |
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(39,2) |
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Transfer to non-distributable reserves reversed |
12 |
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— |
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39,2 |
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Cash dividends declared |
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(478,3) |
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(839,0) |
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Shares cancelled in terms of buy-back of treasury shares – dividend portion |
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(5,8) |
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— |
|
 |
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Equity attributable to equity holders of Reunert Limited |
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2 469,0 |
|
1 680,9 |
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Minority interest |
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|
14,4 |
|
38,2 |
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Balance at the beginning of the year |
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|
38,2 |
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43,0 |
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Profit for the year |
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|
|
7,6 |
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11,1 |
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Dividends declared |
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(4,5) |
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(15,9) |
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Net movement in minorities |
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(26,9) |
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— |
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Total equity at end of the year |
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2 483,4 |
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1 719,1 |
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