FINANCIAL PERFORMANCE

Group statement of changes in equity For the year ended 31 May 2020

Notes  Issued share 
capital and 
premium 
R'000
 
Retained 
earnings 
R'000
 
Other 
reserves 
R'000
 
   Total 
ordinary 
shareholders' 
equity 
R'000
 
Non- 
controlling 
interest 
R'000
 
Total 
equity 
R'000
 
 
Opening balance as at 1 June 2018  7 844 847  4 241 352  (2 814 202)    9 271 997  155 480  9 427 477   
Net loss for the year  —  (6 646 383) —     (6 646 383) 24 187  (6 622 196)  
Other comprehensive income  —  —  63 905     63 905  3 066  66 971   
Total comprehensive (loss)/income  —  (6 646 383) 63 905     (6 582 478) 27 253  (6 555 225)  
Treasury shares purchased  6.1  (42 378) —  —     (42 378) —  (42 378)  
Shares repurchased  6.1  (224 006) —  —     (224 006) —  (224 006)  
Equity compensation benefit scheme shares vested  20 553  —  (19 915)    638  (638) —   
Equity compensation benefit movement  —  —  7 149     7 149  577  7 726   
Transaction with non-controlling interest reserve movement —  —  (61 677)    (61 677) —  (61 677)  
Non-controlling interest acquired  —  —  —     —  (25 904) (25 904)  
Non-controlling interest disposed of  —  —  —     —  1 099  1 099   
Dividends paid  —  —  —     —  (35 550) (35 550)  
Balance as at 31 May 2019  7 599 016  (2 405 031) (2 824 740)    2 369 245  122 317  2 491 562   
Net profit for the year  —  124 481  —     124 481  94 626  219 107   
Other comprehensive income/(loss) —  —  (11 450)    (11 450) 13 095  1 645   
Total comprehensive income/(loss) —  124 481  (11 450)    113 031  107 721  220 752   
Treasury shares purchased  6.1  (46 352) —  —     (46 352) —  (46 352)  
Equity compensation benefit scheme shares vested  20 922  —  (20 582)    340  (340) —   
Equity compensation benefit movement  —  (7 093) 16 332     9 239  119  9 358   
Transaction with non-controlling interest reserve movement2  —  (156 750) 156 750     —  —  —   
Non-controlling interest acquired  —  —  (18 105)    (18 105) 17 590  (515)  
Blue Label Mobile restructure  11  —  —  13 235     13 235  21 200  34 435   
Non-controlling interest disposed of  —  —  —     —  (156 654) (156 654)  
Share-based payment reserve recycled to retained earnings  —  1 400  (1 400)    —  —  —   
Dividends paid  —  —  —     —  (67 469) (67 469)  
Balance as at 31 May 2020  7 573 586  (2 442 993) (2 689 960)    2 440 633  44 484  2 485 117   
1 The majority of this amount relates to the put option on the acquisition of AV Technology Limited. Refer to note 3.7.
2 The majority of this amount relates to the derecognition of the transaction with non-controlling interest reserve on the effective date of the VAS operations disposal. Refer to note 11.