Annual Financial Statements


Financial Statements for the year ended 31 December 2003


Statement of Changes in Equity


for the year ended 31 December 2003
ShareShareCapitalHedgingRetainedTotal
Capital Premium Redemption and Surplus
Reserve Translation
Rmillion Funds Reserves
GROUP
Balance at 1 January 2002 101 720 33 15 3 513 4 382
Effect of change in accounting policy ( note 31 ) (3) (3)

Restated balance 101 720 33 15 3 510 4 379
 
Share capital issued 88
Currency exchange rate changes (14)(14)
Hedge reserve released to income statement 4141
Gains from cash flow hedges 1616
Gain on cash equivalent investment 44
Share of associate's reserves 2121
Subsidiaries deregistered (1)1
Total net earnings for the year 388388
Dividends (292)(292)

Balance at 31 December 2002101 728 33 82 3 607 4 551
 
Share capital issued 22
Currency exchange rate changes (13)(13)
Hedge reserve released to income statement (23)(23)
Loss from cash flow hedges (27)(27)
Gain on cash equivalent investment 44
Realised gain on cash equivalent investment sold (43)(43)
Share of associate's reserves 1616
Total net loss for the year (41)(41)
Dividends (233)(233)
Balance at 31 December 2003 101 730 33 (4) 3 333 4 193

COMPANY
 
Balance at 1 January 2002 101 720 29 (46) 1 781 2 585
Effect of change in accounting policy ( note 31 )  (3)(3)

Restated balance 101 720 29 (46) 1 778 2 582
 
Share capital issued 88
Hedge reserve released to income statement 4646
Gains from cash flow hedges 77
Total net earnings for the year 514514
Dividends (292)(292)

Balance at 31 December 2002 101 728 29 7 2 000 2 865
 
Share capital issued 22
Hedge reserve released to income statement (7)(7)
Loss from cash flow hedges (15)(15)
Total net loss for the year (42)(42)
Dividends (233)(233)

Balance at 31 December 2003 101 730 29 (15) 1 725 2 570