CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2017
| GROUP | Ordinary share capital R’000 |
Share premium R’000 |
Conditional put option reserve R’000 |
Share-based payment reserve R’000 |
Foreign currency translation reserve R’000 |
Treasury shares R’000 |
Retained earnings R’000 |
Non-controlling interest R’000 |
Total equity R’000 |
|||||||||
| Balance as at 30 June 2015 | 17 821 | 525 633 | – | 20 160 | 2 204 | (2 324) | 540 655 | 62 930 | 1 167 079 | |||||||||
| Issue of share capital (Notes 14 and 15) | 865 | 444 725 | – | – | – | – | – | – | 445 590 | |||||||||
| Share-based payment expense | – | – | – | 6 444 | – | – | – | – | 6 444 | |||||||||
| Net profit for the year | – | – | – | – | – | – | 140 349 | 53 323 | 193 672 | |||||||||
| Other comprehensive income | – | – | – | – | 4 823 | – | 148 | – | 4 971 | |||||||||
| Transferred to conditional put option reserve | – | – | (24 960) | – | – | – | 24 960 | – | – | |||||||||
| Transfer from non-controlling interest as a result of share buy-backs (Note 16) | – | – | – | – | – | – | (75 298) | (46 866) | (122 164) | |||||||||
| Transfer from non-controlling interest as a result of share purchase (Note 16) | – | – | – | – | – | – | – | (525) | (525) | |||||||||
| Conditional put option reserve (Note 36) | – | – | (703 000) | – | – | – | – | – | (703 000) | |||||||||
| Disposal of interest (Note 16) | – | – | – | – | – | – | 246 737 | 456 263 | 703 000 | |||||||||
| Dividends paid (Note 29) | – | – | – | – | – | – | (121 963) | (9 522) | (131 485) | |||||||||
| Balance as at 30 June 2016 | 18 686 | 970 358 | (727 960) | 26 604 | 7 027 | (2 324) | 755 588 | 515 603 | 1 563 582 | |||||||||
| Share-based payment expense | – | – | – | 2 096 | – | – | – | – | 2 096 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net profit for the year | – | – | – | – | – | – | 117 669 | 102 372 | 220 041 | |||||||||
| Other comprehensive income | – | – | – | – | (3 573) | – | (205) | – | (3 778) | |||||||||
| Transferred to conditional put option reserve (Note 36) | – | – | (45 906) | – | – | – | 45 906 | – | – | |||||||||
| Conditional put option reserve (Note 36) | – | – | 773 866 | – | – | – | – | – | 773 866 | |||||||||
| Reversal of share-based payment reserve (Note 15) | – | 28 700 | – | (28 700) | – | – | – | – | – | |||||||||
| Dividends paid (Note 29) | – | – | – | – | – | – | (144 138) | (32 616) | (176 754) | |||||||||
| Balance as at 30 June 2017 | 18 686 | 999 058 | – | – | 3 454 | (2 324) | 774 820 | 585 359 | 2 379 053 | |||||||||
| COMPANY | Ordinary share capital R’000 |
Share premium R’000 |
Share-based payment reserve R’000 |
Retained earnings R’000 |
Total equity R’000 |
||||||
| Restated* | |||||||||||
| Balance as at 30 June 2015 | 17 821 | 525 633 | 20 160 | (10 682) | 552 932 | ||||||
| Issue of share capital (Notes 14 and 15) | 865 | 444 725 | – | – | 445 590 | ||||||
| Share-based payment expense | – | – | 6 444 | – | 6 444 | ||||||
| Profit for the year | – | – | – | (31 998) | (31 998) | ||||||
| Dividends paid (Note 29) | – | – | – | (121 963) | (121 963) | ||||||
| Balance as at 30 June 2016 | 18 686 | 970 358 | 26 604 | (164 643) | 851 005 | ||||||
| Share-based payment expense | – | – | 2 096 | – | 2 096 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit for the year | – | – | – | (30 905) | (30 905) | ||||||
| Reversal of share-based payment reserve (Note 15) | – | 28 700 | (28 700) | – | – | ||||||
| Dividends paid (Note 29) | – | – | – | (144 138) | (144 138) | ||||||
| Balance as at 30 June 2017 | 18 686 | 999 058 | – | (339 686) | 678 058 | ||||||
* See Note 39 for details regarding the restatement of the June 2016 results.