Unaudited Interim Financial Report and Cash Dividend Declaration for the 6 months ended 31 March 2016

Summarised consolidated statement of changes in equityfor the six months ended 31 March 2017

 
Six months ended 31 March
Year ended
30 September
R million
2017
(Unaudited)
2016
(Unaudited)
2016
(Audited)
Share capital 356 337 343
Balance at the beginning of the period 343 318 318
Issue of shares 13 19 25
Share-based payment reserves 165 32 136
Balance at the beginning of the period 136 16 16
Share-based payment expense 33 16 120
Treasury shares used for incentive scheme (4)
Equity transactions with empowerment partners and non-controlling shareholders
Balance at the beginning of the period
Net changes in non-controlling interests (40)
Transferred to retained earnings 40
Empowerment shares* (276) (276) (276)
Treasury shares# (136) (28)
Balance at the beginning of the period (28)
Shares bought back during the period (112) (28)
Shares used for incentive scheme 4
Foreign currency translation reserves (12) 16 (7)
Balance at the beginning of the period (7) 6 6
Other comprehensive income (5) 10 (13)
Non distributable reserves 1 1
Balance at the beginning of the period 1
Increase in capital reserve 1
       
 
Six months ended 31 March
Year ended
30 September

R million

31 March 2017
(Unaudited)
2016
(Unaudited)
2016
(Audited)
Retained earnings 6 760 6 566 6 842
Balance at the beginning of the period 6 842 6 615 6 615
Total comprehensive income attributable to equity holders of Reunert 452 450 954
Cash dividends declared and paid (534) (499) (687)
Transfer to reserves (40)
       
Equity attributable to equity holders of Reunert 6 858 6 675 7 011
Non-controlling interests 98 43 81
Balance at the beginning of the period 81 46 46
Post-acquisition amendment to purchase price allocation of prior year acquisition (11)
Share of total comprehensive income 19 3 3
Dividends declared and paid (6) (3) (3)
Net changes in non-controlling interests 15 (3) 35
       

Total equity at end of the period

6 956 6 718 7 092
   
* These are Reunert Limited shares held by Bargenel Investments Proprietary Limited (Bargenel), a company sold by Reunert
to its 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.
# Reunert shares bought back and held by a subsidiary: 2 107 979 (2016: nil) (September 2016: 443 331).
Impact of the final settlement of prior empowerment transactions.