Summarised Group statement of changes in equityfor the year ended 31 May 2022

  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 
Balance as at 1 June 2020  7 573 586  (2 442 993) (2 689 960) 2 440 633  44 484  2 485 117 
Profit for the year  —  830 607  —  830 607  47 409  878 016 
Other comprehensive loss  —  —  (56 536) (56 536) —  (56 536)
Total comprehensive income/(loss) —  830 607  (56 536) 774 071  47 409  821 480 
Treasury shares purchased  (43 924) —  —  (43 924) —  (43 924)
Equity compensation benefit scheme shares vested  13 774  —  (13 471) 303  (303) — 
Equity compensation benefit movement  —  —  27 184  27 184  639  27 823 
Dividends paid  —  —  —  —  (57 148) (57 148)
Balance as at 31 May 2021  7 543 436  (1 612 386) (2 732 783) 3 198 267  35 081  3 233 348 
Profit for the year    1 027 079    1 027 079  64 918  1 091 997 
Other comprehensive income      6 948  6 948    6 948 
Total comprehensive income    1 027 079  6 948  1 034 027  64 918  1 098 945 
Treasury shares purchased  (9 301)     (9 301)   (9 301)
Equity compensation benefit scheme shares vested  10 396    (9 954) 442  (442)  
Equity compensation benefit movement      30 446  30 446  1 832  32 278 
Acquisition of non-controlling interest*      (166 094) (166 094) 28 472  (137 622)
Dividends paid          (30 050) (30 050)
Balance as at 31 May 2022  7 544 531  (585 307) (2 871 437) 4 087 787  99 811  4 187 598 
* On the 29 June 2021, The Prepaid Company acquired an additional 52% shareholding in Glocell Distribution for a total purchase consideration of R137 million, of which R126 million was discharged by way of a conversion of debt owing by Glocell Proprietary Limited, the owners of 40% of the Company, to The Prepaid Company. The remaining 12% was acquired by The Prepaid Company for R11 million. Over and above the cost of acquisition of 52% of Glocell Distribution by The Prepaid Company, the latter assumed Glocell Proprietary Limited’s obligation of R106 million to Investec Bank Limited. As a result of taking over this obligation, The Prepaid Company’s guarantee liability in respect of Glocell Proprietary Limited was extinguished.