Summarised consolidated statement of changes in equity

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R'000     Year ended 
30 June 
2019 
Audited 
      Year ended 
30 June 
2018 
Audited 
Equity attributable to shareholders of the Company     25 618 212        23 957 082 
Share capital     16 948        16 873 
   Balance at beginning of the year     16 873        16 770 
   Shares issued during the year     75        103 
Share premium     1 099 231        797 717 
   Balance at beginning of the year     797 717        379 792 
   Shares issued during the year     302 012        418 505 
   Share issue costs     (498)       (580)
Foreign currency translation reserve     208 936        262 787 
   Balance at beginning of the year     262 787        286 628 
   Movement during the year     (10 948)       (23 168)
   Realisation of reserve on disposal of subsidiaries and or associates     (42 903)       (673)
Hedging reserve     (13 580)       (963)
   Balance at beginning of the year     (963)       6 489 
   Fair value losses arising during the year     (17 523)       (10 350)
   Deferred tax recognised directly in reserve     4 906        2 898 
Equity-settled share-based payment reserve     (343 118)       (243 388)
   Balance at beginning of the year     (243 388)       (14 787)
   Arising during the year     191 070        155 637 
   Deferred tax recognised directly in reserve     34 289        36 540 
   Utilisation during the year     (324 656)       (419 756)
   Realisation of reserve on disposal of subsidiaries and or associates     8 049        (1 022)
   Transfer of equity-settled share-based payment reserve as a result of changes in shareholding of subsidiaries     2 734        – 
   Transfer from retained earnings     (11 216)       – 
Movement in retained earnings     24 012 732        22 486 993 
   Balance at the beginning of the year     22 486 993        20 279 261 
   IFRS 15 adjustment to balance at beginning of the period     (38 723)       – 
   IFRS 9 adjustment to balance at beginning of the period     (41 360)       – 
   Attributable profit     3 775 282        3 817 996 
   Change in fair value of financial assets recognised through other comprehensive income     23 849        (3 111)
   Net remeasurement of defined benefit obligations during the year     (679)       1 620 
   Retained earnings arising on consolidation of the Bidvest Education Trust     –        222 155 
   Transfer of reserves as a result of changes in shareholding of subsidiaries and other transactions with subsidiaries     (218 674)       (85 706)
   Remeasurement of put option liability     (7 115)       (5 025)
   Share of other comprehensive income of associates     (13 828)       – 
   Net dividends paid     (1 964 229)       (1 740 197)
   Transfer from equity-settled share-based payment reserve     11 216        – 
Treasury shares     637 063        637 063 
   Balance at the beginning of the year     637 063        743 152 
   Treasury shares arising on consolidation of the Bidvest Education Trust     –        (106 089)
Equity attributable to non-controlling interests of the Company     304 620        1 023 627 
   Balance at beginning of the year     1 023 627        1 347 018 
   IFRS 15 adjustment to balance at beginning of the period     (14 506)       – 
   IFRS 9 adjustment to balance at beginning of the period     (2 512)       – 
   Other comprehensive income     28 552        59 865 
      Attributable profit     28 648        67 617 
      Movement in foreign currency translation reserve     (96)       (8 163)
      Net remeasurement of defined benefit obligations during the year     –        411 
   Dividends paid     (51 207)       (319 984)
   Movement in equity-settled share-based payment reserve     (961)       (651)
   Transfer of equity-settled share-based payment reserve as a result of changes in shareholding of subsidiaries     (2 734)       – 
   Changes in shareholding     (894 313)       (125 405)
   Grant of put options to non-controlling interests     –        (22 922)
   Transfer of reserves as a result of changes in shareholding of subsidiaries     218 674        85 706 
Total equity     25 922 832        24 980 709