UNAUDITED GROUP RESULTS AND CASH DIVIDEND DECLARATION for the six months ended 31 March 2015

Incorporated in the Republic of South Africa
Reg. No 1913/004355/06
Ordinary share Code: RLO
ISIN code: ZAE000057428
(“Reunert”, “the group” or “the company”)

SUMMARISED

GROUP STATEMENT OF CHANGES IN EQUITY

R million   Six months ended
31 March
Year ended  
30 September  
2014  
(Audited) 
 
2015  
(Unaudited) 
2014  
(Unaudited) 
Share capital          
Balance at the beginning of the period   294,1   288,1   288,1    
Issue of shares   5,8   10,6   26,7    
Cancellation of issued shares   (7,5)  (20,7)  (20,7)   
Balance at the end of the period   292,4   278,0   294,1    
Empowerment shares*    (276,1)  (276,1)  (276,1)   
Treasury shares          
Balance at the beginning of the period   (312,7)  (1 253,6)  (1 253,6)   
Cancellation of issued shares   312,7   940,9   940,9    
Balance at the end of the period   –   (312,7)  (312,7)   
Foreign currency translation reserves          
Balance at the beginning of the period   3,4   2,1   2,1    
Other comprehensive income   0,4   (0,1)  1,3    
Balance at the end of the period   3,8   2,0   3,4    
Retained earnings          
Balance at the beginning of the period   6 560,7   6 117,4   6 117,4    
Profit after taxation attributable to equity holders of Reunert   471,1   389,6   1 970,3    
Cash dividends declared and paid   (452,2)  (450,1)  (606,2)   
Cancellation of issued shares   (305,2)  (920,2)  (920,2)   
Transfer from/(to) reserves   6,0   12,0   (0,6)   
Balance at the end of the period   6 280,4   5 148,7   6 560,7    
Equity attributable to equity holders of Reunert   6 300,5   4 839,9   6 269,4    
Non-controlling interests          
Balance at the beginning of the period   63,4   59,4   59,4    
Share of total comprehensive income   4,5   3,7   2,7    
Dividends declared and paid   (2,8)  (1,9)  (6,1)   
Net changes in non-controlling interests   (4,9)  12,6   9,4    
Settlement of non-controlling interest loan   –   –   (2,0)   
Balance at the end of the period   60,2   73,8   63,4    
Total equity at end of the period   6 360,7   4 913,7   6 332,8    
* These are shares held by Bargenel Investments (Pty) Limited (Bargenel), a company sold by Reunert to an accredited empowerment partner in 2007. Until the amount owing by the empowerment partner is repaid to Reunert, Bargenel is consolidated by the group as the significant risks and rewards of ownership of the equity have not passed to the empowerment partner.