Group statement of changes in equity | Blue Label Telecoms


	Notes	Share capital R'000	Share premium R'000	Treasury shares R'000	Retained earnings R'000	Restructuring reserve¹ R'000	Foreign currency translation reserve R'000
Balance as at 31 May 2015		*	4 012 359	(68 471)	2 622 558	(1 843 912)	100 722
Net profit for the year		—	—	—	691 590	—	—
Other comprehensive income		—	—	—	—	—	79 062
Total comprehensive income		—	—	—	691 590	—	79 062
Treasury shares purchased	6	—	—	(23 052)	—	—	—
Equity compensation benefit scheme shares vested		—	—	21 676	—	—	—
Equity compensation benefit movement		—	—	—	—	—	—
Share of equity movement in associates		—	—	—	—	—	—
Dividends paid		—	—	—	(209 098)	—	—
Balance as at 31 May 2016		*	4 012 359	(69 847)	3 105 050	(1 843 912)	179 784
Net profit for the year		—	—	—	786 965	—	—
Other comprehensive income		—	—	—	—	—	(80 569)
Total comprehensive income		—	—	—	786 965	—	(80 569)
Treasury shares purchased	6	—	—	(7 381)	—	—	—
Equity compensation benefit scheme shares vested		—	—	18 740	—	—	—
Equity compensation benefit movement		—	—	—	—	—	—
Transaction with non-controlling interest reserve movement		—	—	—	—	—	—
Non-controlling interest acquired		—	—	—	—	—	—
Dividends paid		—	—	—	(242 823)	—	—
Balance as at 31 May 2017		*	4 012 359	(58 488)	3 649 192	(1 843 912)	99 215


	Non- distributable reserve² R'000	Transactions with non- controlling interest reserve³ R'000	Equity compensation benefit reserve⁴ R'000	Total ordinary shareholders' equity R'000	Non- controlling interest R'000	Total equity R'000
Balance as at 31 May 2015	7 821	(965 861)	39 297	3 904 513	13 468	3 917 981
Net profit for the year	—	—	—	691 590	40 022	731 612
Other comprehensive income	—	—	—	79 062	2 467	81 529
Total comprehensive income	—	—	—	770 652	42 489	813 141
Treasury shares purchased	—	—	—	(23 052)	—	(23 052)
Equity compensation benefit scheme shares vested	—	—	(21 429)	247	(247)	—
Equity compensation benefit movement	—	—	23 421	23 421	424	23 845
Share of equity movement in associates	—	—	750	750	—	750
Dividends paid	—	—	—	(209 098)	(4 000)	(213 098)
Balance as at 31 May 2016	7 821	(965 861)	42 039	4 467 433	52 134	4 519 567
Net profit for the year	—	—	—	786 965	33 896	820 861
Other comprehensive income	—	—	—	(80 569)	(1 907)	(82 476)
Total comprehensive income	—	—	—	706 396	31 989	738 385
Treasury shares purchased	—	—	—	(7 381)	—	(7 381)
Equity compensation benefit scheme shares vested	—	—	(18 486)	254	(254)	—
Equity compensation benefit movement	—	—	22 867	22 867	550	23 417
Transaction with non-controlling interest reserve movement	—	(9 441)	—	(9 441)	9 441	—
Non-controlling interest acquired	—	—	—	—	65	65
Dividends paid	—	—	—	(242 823)	(26 788)	(269 611)
Balance as at 31 May 2017	7 821	(975 302)	46 420	4 937 305	67 137	5 004 442

*	Less than R1 000.
¹	The restructuring reserve arose as a result of the restatement of Group comparatives, as required in terms of the principles of predecessor accounting. This reserve represents the difference between the fair value of the entities under the Group’s control and their respective net asset values, as at the assumed restructure date of 1 June 2006.
²	The non-distributable reserve arose as a result of BLT’s share of share premium issued by associate companies pre-2010.
³	The transactions with non-controlling interest reserve relates to the excess payments over the carrying amounts arising on transactions with non-controlling shareholders as these are treated as equity participants.
⁴	This relates to the Group’s movement in equity compensation benefit (refer to note 5.2) as well as the Group’s share of the movement in equity compensation benefit of associate companies (refer to note 2.1).