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Company Statement of Changes in Equity
For Year Ended February 2006
|
|
R’m |
|
| |
Capital |
Share |
Non-distributable |
Capital |
Distributable |
Total |
|
|
|
Premium |
reserves |
reserves |
reserves |
Equity |
| Balance at 1 March 2004 |
1 |
1 200 |
201 |
– |
2 664 |
4 066 |
|
IFRS 2 Share-Based Payments |
– |
– |
– |
2 |
-2 |
– |
|
IAS 21 Accounting for Foreign Exchange Differences |
– |
– |
3 |
– |
-3 |
– |
|
Balance at 1 March 2004 - as restated |
1 |
1 200 |
204 |
2 |
2 659 |
4 066 |
|
Attributable loss for the year – restated |
– |
– |
– |
– |
-69 |
-69 |
|
New share issues |
– |
2 |
– |
– |
2 |
|
|
Realisation of vendor non-distributable reserve |
– |
– |
9 |
– |
– |
9 |
|
Share-based payments |
– |
– |
– |
2 |
– |
2 |
|
Balance at 28 February 2005 |
1 |
1 202 |
213 |
4 |
2 590 |
4 010 |
|
Attributable profit for the year |
– |
– |
– |
– |
3 |
3 |
|
New share issues |
* |
99 |
– |
– |
99 |
|
|
Share-based payments |
– |
– |
– |
5 |
5 |
|
|
Balance at 28 February 2006 |
1 |
1 301 |
213 |
9 |
2 593 |
4 117 |
|
*less than R1 million |
|
|
|
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IFRS 2 Share-Based Payments
On 1 March 2005, the Company applied the requirements of IFRS 2 Share-Based Payments. In accordance with the transition provisions, IFRS 2 has been applied to all grants after 7 November 2002 that were unvested as of 1 March 2005 and to liabilities for share-based transactions existing at 1 March 2005.
For 2004, the change in accounting policy has resulted in a decrease in distributable reserves for the year of R1,6 million.
For 2005, the change in accounting policy has resulted in a decrease in distributable reserves for the year of R2,4 million.
There were no cash flow or tax effects resulting from the implementation of IFRS 2. See accounting policies for further description of the
change in accounting policy.
Foreign exchange differences on equity loans
On 1 March 2005, the Company applied the revised standard during the year under review, IAS 21 The Effects of Changes in Foreign Exchange Rates.
For 2004, the change in accounting policy has resulted in a decrease in distributable reserves for the year of R2,6 million.
For 2005, the change in accounting policy has resulted in a decrease in distributable reserves for the year of R24,1 million.
There were no cash flow or tax effects resulting from the implementation of IAS 21. See accounting policies for further description of the change in accounting policy.
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