Summarised Group statement of changes in equity

for the year ended 31 May 2020

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  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  (42 378)   —    —    (42 378)   —    (42 378)  
Shares repurchased  (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 movement1  —    —    (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  (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 Restructure3  —    —    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 the note on financial instruments at fair value through profit and loss.
2 The majority of this amount relates to the derecognition of the transaction with non-controlling interest reserve on the effective date of VAS operations disposal. Refer to the note on discontinued operations.
3 Refer to note on discontinued operations.