Annual Financial Statements


Financial Statements for the year ended 31 December 2008


Statements of Changes in Equity

  Share Capital   Share Premium BEE Held Consolidation Shares Capital Redemption Reserve Funds Share-based Payment Reserve Hegding and Translation Reserves Retained Income Shareholders’ Interest Minority Interest Total
Rmillion Ordinary B Ordinary A Preferred Ordinary  
                           
CONSOLIDATED                          
Balance at 1 January 2007 107       932   33 42 (25) 3 868 4 957 76 5 033
Share capital issued 1 10 25   1 079 (1 053)         62   62
Purchase of ordinary shares (5)                 (445) (450)   (450)
Equity contribution by BEE minorities                       18 18
Share issue expenses         (9)           (9)   (9)
Transfer on exercise of options         9     (9)          
Currency exchange rate changes                 19   19 4 23
Share-based payment charge               374     374   374
Settlement of share-based payment awards               (81)     (81)   (81)
Consolidation of subsidiaries                       129 129
Hulamin unbundling         (494)     (12) (4) (4 546) (5 056) (19) (5 075)
Net profit                   3 457 3 457 28 3 485
Reallocation of minority interest                   (7) (7) 7  
Dividends paid                   (531) (531)   (531)
Dividends paid - minorities                       (20) (20)
Balance at 31 December 2007 103 10 25   1 517 (1 053) 33 314 (10) 1 796 2 735 223 2 958
Share capital issued         7           7   7
Amortisation of BEE IFRS 2 charge           30         30   30
Reallocation of exercised options         (18)     18          
Hedge reserve released to income statement                 (4)   (4)   (4)
Loss from cash flow hedges                 (11)   (11)   (11)
Currency exchange rate changes                 (1)   (1) 27 26
Share-based payment charge               27     27   27
Settlement of share-based                          
   payment awards               (15)     (15)   (15)
Change of interest in subsidiary                       (8) (8)
Net profit                   649 649 31 680
Reallocation of minority interest                   (22) (22) 22  
Dividends paid                   (336) (336)   (336)
Dividends paid - minorities                       (19) (19)
Balance at 31 December 2008 103 10 25   1 506 (1 023) 33 344 (26) 2 087 3 059 276 3 335
                           
COMPANY                          
Balance at 1 January 2007 107       932   29 42 4 2 185 3 299    
Share capital issued 1 10 25   1 079           1 115    
Purchase of ordinary shares (5)                 (445) (450)    
Share issue expenses         (9)           (9)    
Transfer on exercise of options         9     (9)          
Share-based payment charge               374     374    
Settlement of share-based payment awards               (75)     (75)    
Hulamin unbundling         (494)     (12)   (3 348) (3 854)    
Net profit                   3 241 3 241    
Dividends paid                   (582) (582)    
Balance at 31 December 2007 103 10 25   1 517   29 320 4 1 051 3 059    
Share capital issued         7           7    
Reallocation of exercised options         (18)     18          
Hedge reserve released to income statement                 (4)   (4)    
Loss from cash flow hedges                 (11)   (11)    
Share-based payment charge               27     27    
Settlement of share-based payment awards               (15)     (15)    
Net profit                   512 512    
Dividends paid                   (438) (438)    
Balance at 31 December 2008 103 10 25   1 506   29 350 (11) 1 125 3 137