Company statement of changes in equity

For the year ended 31 May 2016

	Share capital R’000	Share premium R’000	Treasury shares R’000	Equity compensation benefit reserve ¹ R’000	Share-based payment reserve R’000	Accumulated loss R’000	Total equity R’000
Balance as at 31 May 2014	*	4 012 359	(30 887)	12 246	295	(1 102 739)	2 891 274

Net profit for the year	—	—	—	—	—	45 265	45 265
Other comprehensive income	—	—	—	—	—	—	—
Total comprehensive profit	—	—	—	—	—	45 265	45 265
Shares purchased during the year	—	—	(19 131)	—	—	—	(19 131)
Shares awarded to Group companies as part of equity	—	—
compensation scheme	—	—	14 915	—	—	—	14 915
Shares forfeited by Group companies as part of equity	—	—
compensation scheme	—	—	(3 346)	—	—	—	(3 346)
Equity compensation scheme shares vested	—	—	8 154	(8 154)	—	—	—
Equity compensation movements	—	—	—	11 274	—	—	11 274
Dividends	—	—	—	—	—	(182 117)	(182 117)
Balance as at 31 May 2015	*	4 012 359	(30 295)	15 366	295	(1 239 591)	2 758 134

Net profit for the year	—	—	—	—	—	180 046	180 046
Other comprehensive income	—	—	—	—	—	—	—
Total comprehensive profit	—	—	—	—	—	180 046	180 046
Shares purchased during the year	—	—	(23 052)	—	—	—	(23 052)
Shares awarded to Group companies as part of equity	—	—
compensation scheme	—	—	16 989	—	—	—	16 989
Shares forfeited by Group companies as part of equity	—	—
compensation scheme	—	—	(1 275)	—	—	—	(1 275)
Equity compensation scheme shares vested	—	—	8 648	(8 648)	—	—	—
Equity compensation movements	—	—	—	8 241	—	—	8 241
Dividends	—	—	—	—	—	(209 098)	(209 098)
Balance as at 31 May 2016	*	4 012 359	(28 985)	14 959	295	(1 268 643)	2 729 985

* Less than R1 000.
¹ This relates to the Company’s movement in equity compensation benefit (refer to note 11).