Annual Financial Statements
Financial Statements for the year ended 31 December 2007
Statements of Changes in Equity
| for the year ended 31 December 2007 |
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Tongaat Hulett Limited |
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Share Capital |
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Share- |
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Share |
BEE Held |
Capital |
based |
Hegding |
Retained |
Shareholders’ |
Minority |
Total |
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Ordinary |
B Ordinary |
A Preferred |
Premium |
Consolidation |
Redemption |
Payment |
and |
Income |
Interest |
Interest |
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Ordinary |
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Shares |
Reserve |
Reserve |
Translation |
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| Rmillion |
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funds |
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Reserves |
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| CONSOLIDATED |
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| Balance at 1 January 2006 |
104 |
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821 |
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33 |
28 |
(24) |
3 651 |
4 613 |
75 |
4 688 |
| Share capital issued |
3 |
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103 |
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106 |
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106 |
| Transfer on exercise of options |
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8 |
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(8) |
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| Hedge reserve released to |
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| income statement |
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(9) |
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(9) |
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(9) |
| Gain from cash flow hedges |
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8 |
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8 |
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8 |
| Recognition of share-based payment |
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22 |
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22 |
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22 |
| Net profit |
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723 |
723 |
1 |
724 |
| Dividends paid |
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(506) |
(506) |
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(506) |
| Balance at 31 December 2006 |
107 |
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932 |
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33 |
42 |
(25) |
3 868 |
4 957 |
76 |
5 033 |
| Share capital issued |
1 |
10 |
25 |
1 079 |
(1 053) |
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62 |
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62 |
| Repurchase of ordinary shares |
(5) |
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(445) |
(450) |
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(450) |
| Equity contribution by BEE minorities |
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18 |
18 |
| Share issue expenses |
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(9) |
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(9) |
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(9) |
| Transfer on exercise of options |
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9 |
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(9) |
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| Currency exchange rate changes |
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19 |
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19 |
4 |
23 |
| Share-based payment charge |
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374 |
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374 |
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374 |
| Settlement of share-based |
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| payment awards |
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(81) |
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(81) |
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(81) |
| Consolidation of subsidiaries |
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129 |
129 |
| Hulamin unbundling |
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(494) |
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(12) |
(4) |
(4 546) |
(5 056) |
(19) |
(5 075) |
| Net profit |
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3 457 |
3 457 |
28 |
3 485 |
| Reallocation of minority interest |
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(7) |
(7) |
7 |
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| Dividends paid |
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(531) |
(531) |
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(531) |
| Dividends paid - minorities |
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(20) |
(20) |
| Balance at 31 December 2007 |
103 |
10 |
25 |
1 517 |
(1 053) |
33 |
314 |
(10) |
1 796 |
2 735 |
223 |
2 958 |
| COMPANY |
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| Balance at 1 January 2006 |
104 |
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821 |
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29 |
28 |
2 |
2 055 |
3 039 |
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| Share capital issued |
3 |
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103 |
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106 |
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| Transfer on exercise of options |
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8 |
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(8) |
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| Hedge reserve released to |
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| income statement |
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(2) |
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(2) |
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| Gain from cash flow hedges |
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4 |
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4 |
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| Recognition of share-based payment |
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22 |
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22 |
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| Net profit |
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636 |
636 |
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| Dividends paid |
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(506) |
(506) |
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| Balance at 31 December 2006 |
107 |
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932 |
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29 |
42 |
4 |
2 185 |
3 299 |
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| Share capital issued |
1 |
10 |
25 |
1 079 |
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1 115 |
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| Repurchase of ordinary shares |
(5) |
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(445) |
(450) |
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| Share issue expenses |
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(9) |
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(9) |
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| Transfer on exercise of options |
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9 |
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(9) |
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| Share-based payment charge |
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374 |
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374 |
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| Settlement of share-based payment awards |
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(75) |
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(75) |
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| Hulamin unbundling |
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(494) |
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(12) |
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(3 348) |
(3 854) |
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| Net profit |
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3 241 |
3 241 |
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| Dividends paid |
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(582) |
(582) |
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| Balance at 31 December 2007 |
103 |
10 |
25 |
1 517 |
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29 |
320 |
4 |
1 051 |
3 059 |
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