Condensed group statement of changes in equity

for the year ended

   
Audited
 
Restated
 
   
31 Dec
 
31 Dec
 
   
2008
 
2007
 
    Rm   Rm  
  Total equity at the beginning of the year –
 
 
  as previously disclosed 3 397   1 055  
  Change in accounting policy – borrowing costs -   1  
  Total equity at the beginning of the year –        
  restated 3 397   1 056  
  Changes in share capital and premium        
  Shares (including treasury shares) issued        
  during the year 80   53  
  Changes in reserves        
  Equity-settled share-based payment 88   73  
  Profit for the year 7 208   3 181  
  Foreign currency translation differences 562   (51)  
  Movement in the revaluation of financial instruments 4   2  
  Dividends paid (3 819)   (1 362)  
  Changes in minority interest        
  Profit for the year 1 875   822  
  Dividends paid (1 051)   (383)  
  Movement in minority interest in reserves 162   6  
  Total equity at the end of the year 8 506   3 397  
  Comprising        
  Share capital and premium 136   56  
  Equity-settled share-based payment reserve 343   255  
  Foreign currency translation reserve 564   2  
  Cash flow hedge accounting reserve 4   -  
  Retained earnings 5 812   2 423  
  Shareholders’ equity 6 859   2 736  
  – attributable equity holders of Kumba Iron Ore 6 365   2 538  
  – attributable to the minority interest in Sishen Iron Ore Company 494   198  
  Minority interest 1 647   661  
  Total equity 8 506   3 397