CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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   Year ended
30 June
2021
R'000 
Year ended
30 June
2020
R'000 
Balance at beginning of the period  3 119 095  2 882 995 
Issue of share capital*  – 
Share premium*  4 395  – 
Vested share-based awards*  (4 402) – 
Share-based awards reserve  10 787  9 131 
Distributions to shareholders  (194 788) (195 242)
Net profit for the period  310 655  303 207 
Profit attributable to minorities  165 251  155 112 
Business combinations  –  2 181 
Changes in ownership  (20 000) 5 611 
Disposal of subsidiary  (2 353) – 
Distributions to non-controlling interests  (132 923) (43 900)
Balance at end of the period  3 255 724  3 119 095 
* During the current financial year, 710 003 shares vested and were exercised at the weighted average price of R3.66 and the grant date price was R6.20. As at the end of the financial year,
16 590 000 shares were outstanding for the incentive share scheme.
  The fair value of the shares granted was determined by obtaining the share price as traded on the JSE.