Summarised consolidated statement of changes in equity

for the year ended 30 September 2015

R million

2015

2014

Share capital

Balance at the beginning of the year

294

288

Issue of shares

32

27

Cancellation of issued shares

(8)

(21)

Balance at the end of the year

318

294

Share-based payment reserve

Balance at the beginning of the year

Share-based payment expense

16

6

Transfer to retained earnings

(6)

Balance at the end of the year

16

Equity transactions with empowerment partner and non-controlling shareholders

Balance at the beginning of the year

Net changes in non-controlling interests

(10)

(7)

Transferred to retained earnings

10

7

Balance at the end of the year

Empowerment shares*

(276)

(276)

Treasury shares

Balance at the beginning of the year

(313)

(1 254)

Cancellation of issued shares

313

941

Balance at the end of the year

(313)

Foreign currency translation reserves

Balance at the beginning of the year

3

2

Other comprehensive income

3

1

Balance at the end of the year

6

3

Retained earnings

Balance at the beginning of the year

6 561

6 118

Profit after taxation attributable to equity holders of Reunert

994

1 970

Cash dividends declared and paid

(625)

(606)

Cancellation of issued shares

(305)

(920)

Transfer to reserves

(10)

(1)

Balance at the end of the year

6 615

6 561

     

Equity attributable to equity holders of Reunert

6 679

6 269

Non-controlling interests

Balance at the beginning of the year

63

59

Share of total comprehensive income

7

3

Dividends declared and paid

(4)

(6)

Net changes in non-controlling interests

(20)

9

Settlement of non-controlling interest loan

(2)

Balance at the end of the year

46

63

Total equity at end of the year

6 725

6 332

*

These are shares held by Bargenel Investments (Pty) Ltd (Bargenel), a company sold by Reunert to an accredited empowerment partner in 2007. Until the amount owing by the empowerment partner is repaid to Reunert, Bargenel is consolidated by the group as the significant risks and rewards of ownership of the equity have not passed to the empowerment partner.