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. |