2019

Integrated Annual Report

Consolidated statement of changes in equity

For the year ended 30 September

    Share 
capital 
Rm 
Reserves 
Rm 
Retained 
earnings 
Rm 
  Ordinary 
equity 
holders of 
the parent 
Rm 
Non- 
controlling 
interests 
Rm 
  Total 
equity 
Rm 
   
BALANCE AT 30 SEPTEMBER 2017 AS PREVIOUSLY REPORTED   1 056  34  2 628    3 718  54    3 772     
Adjustment on initial adoption of IFRS 17   –  –  (370)   (370) –    (370)    
RESTATED BALANCE AT 1 OCTOBER 2017   1 056  34  2 258    3 348  54    3 402     
Total comprehensive (loss)/income   –  (12) 682    670  16    686     
    Profit for the year   –  –  682    682  16    698     
    Other comprehensive loss   –  (12) –    (12) –    (12)    
Grant of share appreciation rights and conditional share plans   –  31  –    31  –    31     
Settlement of share appreciation rights   –  (1) (4)   (5) –    (5)    
Dividends paid   –  –  (280)   (280) (11)   (291)    
Issue of shares   –  –    –       
Repurchase of shares   (9) –  –    (9) –    (9)    
RESTATED BALANCE AT 30 SEPTEMBER 2018   1 056  52  2 656    3 764  59    3 823     
Adjustment on initial adoption of IFRS 15*   –  –  (9)   (9) –    (9)    
RESTATED BALANCE AT 1 OCTOBER 2018   1 056  52  2 647    3 755  59    3 814     
Total comprehensive income   –  727    733  60    793     
    Profit for the year   –  –  727    727  60    787     
    Other comprehensive income   –  –    –       
Disposal of subsidiary    –  –  –    –  (3)   (3)    
Transactions with non-controlling interests   –  100  610    710  497    1 207     
Grant of share appreciation rights and conditional share plans   –  45  –    45  –    45     
Settlement of share appreciation rights and conditional share plans   –  (24) (27)   (51) –    (51)    
Dividends paid   –  –  (343)   (343) (37)   (380)    
Issue of shares   58  –  –    58  –    58     
Repurchase of shares   (11) –  –    (11) –    (11)    
BALANCE AT 30 SEPTEMBER 2019   1 103  179  3 614    4 896  576    5 472     
* The group adopted IFRS 15 – Revenue from Contracts with Customers during the 2019 financial year. In accordance with the transitional provisions of IFRS 15, the group adopted this standard retrospectively, with the cumulative effect of initial adoption reported as an adjustment to the opening balance of retained earnings.