Unaudited Interim Financial Report and Cash Dividend Declaration for the 6 months ended 31 March 2016

Summarised consolidated statement of changes in equityfor the year ended 30 September 2016

Audited
R million
2016 2015
Share capital 343 318
Balance at the beginning of the year 318 294
Issue of shares 25 32
Cancellation of issued shares (8)
Share-based payment reserve 136 16
Balance at the beginning of the year 16
Share-based payment expense 120 16
Equity transactions with empowerment partners and
non-controlling shareholders
Balance at the beginning of the year
Net changes in non-controlling interests (40) (10)
Transferred to retained earnings 40 10
Empowerment shares* (276) (276)
Treasury shares (28)
Balance at the beginning of the year
Shares bought back during the year (28)
Foreign currency translation reserves (7) 6
Balance at the beginning of the year 6 3
Other comprehensive income (13) 3
Non-distributable reserves 1
Balance at the beginning of the year
Increase in capital reserve 1
Retained earnings 6 842 6 615
Balance at the beginning of the year 6 615 6 561
Total comprehensive income attributable to equity holders
of Reunert
954 994
Cash dividends declared and paid (687) (625)
Cancellation of issued shares (305)
Transfer to reserves** (40) (10)
Equity attributable to equity holders of Reunert 7 011 6 679
Non-controlling interests 81 46
Balance at the beginning of the year 46 63
Share of total comprehensive income 3 7
Dividends declared and paid (3) (4)
Net changes in non-controlling interests 35 (20)

Total equity at end of the year

7 092 6 725

* These are shares held by Bargenel Investments Proprietary Limited (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.

** Impact of the final settlement of prior empowerment transactions.