Statement of changes in equity
for the year ended 31 December
| |
Rand million |
Share capital and share premium
(note 21) |
Equity-settled
share-based payment reserve
(note 22) |
Foreign currency translation reserve
(note 29) |
Cash flow hedge accounting reserve |
Retained earnings |
Share-holders’
equity |
Minority interest
(note 23) |
Total
equity |
|
| |
Balance at beginning of year –
as previously disclosed |
3 |
182 |
53 |
(2) |
603 |
839 |
216 |
1,055 |
|
| |
Change in accounting policy –
borrowing costs |
– |
– |
– |
– |
1 |
1 |
– |
1 |
|
| |
Balance at beginning of year –
restated |
3 |
182 |
53 |
(2) |
604 |
840 |
216 |
1,056 |
|
| |
Shares issued during the year |
53 |
– |
– |
– |
– |
53 |
– |
53 |
|
| |
Equity-settled share-based payments |
– |
73 |
– |
– |
– |
73 |
17 |
90 |
|
| |
Profit for the year |
– |
– |
– |
– |
3,181 |
3,181 |
822 |
4,003 |
|
| |
(Losses)/gains recognised
directly in equity |
– |
– |
(51) |
2 |
– |
(49) |
(11) |
(60) |
|
| |
Foreign currency
translation differences |
– |
– |
(10) |
– |
– |
(10) |
(2) |
(12) |
|
| |
Net cash flow hedge losses transferred from equity |
– |
– |
– |
2 |
– |
2 |
1 |
3 |
|
| |
Taxation effects |
– |
– |
(41) |
– |
– |
(41) |
(10) |
(51) |
|
| |
Dividends paid |
– |
– |
– |
– |
(1,362) |
(1,362) |
(383) |
(1,745) |
|
| |
Balance at 31 December 2007 – restated |
56 |
255 |
2 |
– |
2,423 |
2,736 |
661 |
3,397 |
|
| |
Shares issued during the year |
80 |
– |
– |
– |
– |
80 |
– |
80 |
|
| |
Equity-settled share-based payments |
– |
88 |
– |
– |
– |
88 |
21 |
109 |
|
| |
Profit for the year |
– |
– |
– |
– |
7,208 |
7,208 |
1,875 |
9,083 |
|
| |
Gains recognised directly in equity |
– |
– |
562 |
4 |
– |
566 |
141 |
707 |
|
| |
Foreign currency
translation differences |
– |
– |
572 |
– |
– |
572 |
141 |
713 |
|
| |
Net cash flow hedge losses transferred from equity |
– |
– |
– |
4 |
– |
4 |
1 |
5 |
|
| |
Taxation effects |
– |
– |
(10) |
– |
– |
(10) |
(1) |
(11) |
|
| |
Dividends paid |
– |
– |
– |
– |
(3,819) |
(3,819) |
(1,051) |
(4,870) |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Balance at 31 December 2008 |
136 |
343 |
564 |
4 |
5,812 |
6,859 |
1,647 |
8,506 |
|
Equity-settled share-based payment reserve
The equity-settled share-based payment reserve comprises the fair value of goods received or services rendered that has been settled through the issuing of shares or share options.
Foreign currency translation reserve
The foreign currency translation reserve comprises all foreign exchange differences arising from the translation of the financial results of foreign operations to the functional currency of its parent.
Cash flow hedge accounting reserve
The cash flow hedge accounting reserve comprises the effective portion of the cumulative net change in the fair value of derivative financial instruments designated as cash flow hedges where the forecasted transaction has not yet occurred.
|
