for the year ended 30 September 2011

Statements of changes in equity

 
    Group  
  Notes   Share  
capital  
and  
pre-  
mium  
Rm  
Share  
based  
pay-  
ment  
reserves  
Rm  
BEE  
shares1  
Rm  
Treasury  
shares2  
Rm  
Invest-  
ment  
fair  
value  
reserve  
Rm  
Equity  
trans-  
action  
with  
BEE  
partner  
Rm  
Non  
distribu-  
table  
reserves  
Rm  
Retained  
earnings  
Rm  
Attribu-  
table  
to  
equity  
holders  
of  
Reunert  
Rm  
Non-  
control-  
ling  
interests  
Rm  
Total  
Rm  
Balance at 30 September 2009     116,0   679,6   (276,1)  –   338,4   (35,3)  11,9   3 199,9   4 034,4   26,7   4 061,1  
Profit for the year                   899,4   899,4   12,0   911,4  
Other comprehensive income for the year             7,2     (1,9)    5,3     5,3  
Total comprehensive income for the year             7,2     (1,9)  899,4   904,7   12,0   916,7  
Share-based payment expense   25; 19     50,5               50,5     50,5  
Deferred tax on share based payment expense   16;   9     2,3               2,3     2,3  
Dividends declared and paid   8                 (456,0)  (456,0)  (0,8)  (456,8) 
Issue of shares – share capital and premium   19   24,9                 24,9     24,9  
Buyback of ordinary shares           (125,7)          (125,7)    (125,7) 
Income tax relating to transactions with BEE partners                   (2,0)  (2,0)    (2,0) 
Balance at 30 September 2010     140,9   732,4   (276,1)  (125,7)  345,6   (35,3)  10,0   3 641,3   4 433,1   37,9   4 471,0  
Profit for the year                   1 337,1   1 337,1   15,7   1 352,8  
Other comprehensive income for the year             (345,6)        (345,6)    (345,6) 
Total comprehensive income for the year             (345,6)      1 337,1   991,5   15,7   1 007,2  
Transfer from non-distributable reserves to retained earnings                 (8,9)  8,9   –     –  
Share-based payment expense   25; 19     21,2               21,2     21,2  
Deferred tax on share-based payment expense   16;   9     (2,6)              (2,6)    (2,6) 
Dividends declared and paid   8                 (494,3)  (494,3)  (4,2)  (498,5) 
Issue of shares – share capital and premium   19   59,4                 59,4     59,4  
Buyback of ordinary shares           (1 127,9)          (1 127,9)    (1 127,9) 
Non-controlling interests introduced                       2,0   2,0  
Other                       3,8   3,8  
Balance at 30 September 2011     200,3   751,0   (276,1)  (1 253,6)  –   (35,3)  1,1   4 493,0   3 880,4   55,2   3 935,6  
1 These are shares held by Bargenel, a company sold by Reunert to an accredited BEE partner in 2007. In terms of IFRS, until the amount owing by the BEE partner is repaid to Reunert, Bargenel is to be consolidated by the group, as the significant risks and rewards of ownership of the equity have not passed to the BEE partner.  
2 Commencing in August 2010, a group subsidiary purchased Reunert shares on the open market. Up to 30 September 2010, 2,1 million shares had been bought at an average price of R59,18 per share. No further purchases were made after 4 February 2011, at which time a total of 19,2 million shares had been bought at an average price of R65,37 per share.
   
  Company  
  Notes   Share  
capital  
and  
premium  
Rm  
Share-  
based  
payment  
reserves  
Rm  
Investment  
fair   
value  
reserve  
Rm  
Non  
distribu-  
table   
reserves  
Rm  
Retained  
earnings  
Rm  
Total  
Rm  
Balance at 30 September 2009     116,0   637,4   335,8   0,3   2 633,8   3 723,3  
Profit for the year             817,9   817,9  
Other comprehensive income for the year                
Total comprehensive income for the year             817,9   817,9  
Share-based payment expense   2; 19     2,0         2,0  
Dividends declared and paid   8           (503,2)  (503,2) 
Issue of shares – share capital and premium   19   24,9           24,9  
Derecognition of previous gain on disposal of business re-acquired in current year             (39,8)  (39,8) 
Balance at 30 September 2010     140,9   639,4   335,8   0,3   2 908,7   4 025,1  
Profit for the year             1 781,2   1 781,2  
Other comprehensive income for the year         (335,8)      (335,8) 
Total comprehensive income for the year         (335,8)    1 781,2   1 445,4  
Share-based payment expense   2; 19     0,3         0,3  
Dividends declared and paid   8           (590,1)  (590,1) 
Issue of shares – share capital and premium   19   59,4           59,4  
Balance at 30 September 2011     200,3   639,7   –   0,3   4 099,8   4 940,1