FINANCIAL PERFORMANCE
Condensed Group statement of changes in equity
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| Issued share capital and premium Audited R’000 |
Retained earnings Audited R’000 |
Other reserves Audited R’000 |
Total ordinary shareholders’ equity Audited R’000 |
Non- controlling interest Audited R’000 |
Total equity Audited R’000 |
||
| Balance as at 1 June 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 | (11 450) | 124 481 | 94 626 | 219 107 | |
| Other comprehensive income/(loss) | – | – | – | (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 movement1 | – | (156 750) | 156 750 | – | – | – | |
| Non-controlling interest acquired | – | – | (18 105) | (18 105) | 17 590 | (515) | |
| Blue Label Mobile Restructure2 | – | – | 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 derecognition of the transaction with non-controlling interest reserve on the effective date of the VAS Operations disposal. Refer to note 11 of the Group annual financial statements for the year ended 31 May 2020. |
| 2 | Refer to note 11 of the Group annual financial statements for the year ended 31 May 2020 for the details on the Blue Label Mobile Restructure. |
| Issued share capital and premium Unaudited R’000 |
Retained earnings Unaudited R’000 |
Other reserves Unaudited R’000 |
Total ordinary shareholders’ equity Unaudited R’000 |
Non- controlling interest Unaudited R’000 |
Total equity Unaudited 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 period | – | 440 090 | – | 440 090 | 26 910 | 467 000 | |
| Other comprehensive loss | – | – | (60 253) | (60 253) | – | (60 253) | |
| Total comprehensive income | – | 440 090 | (60 253) | 379 837 | 26 910 | 406 747 | |
| Treasury shares purchased | (44 064) | – | – | (44 064) | – | (44 064) | |
| Equity compensation benefit scheme shares vested | 12 044 | – | (11 741) | 303 | (303) | – | |
| Equity compensation benefit movement | – | – | 15 590 | 15 590 | 332 | 15 922 | |
| Cash flow hedge | – | – | 4 256 | 4 256 | – | 4 256 | |
| Dividends paid | – | – | – | – | (13 200) | (13 200) | |
| Balance as at 30 November 2020 | 7 541 566 | (2 002 903) | (2 742 108) | 2 796 555 | 58 223 | 2 854 778 |