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

Condensed consolidated statement of changes in equityfor the year ended 30 September 2017

     
R million
Reviewed
2017
Audited
2016
Share capital 359 343
Balance at the beginning of the year 343 318
Issue of shares 16 25
Share-based payment reserves 176 136
Balance at the beginning of the year 136 16
Equity-settled share-based payments 40 120
Equity transactions/put option with empowerment partners and
non-controlling shareholders
(116)
Balance at the beginning of the year
Put option (116)
Net changes in non-controlling interests (40)
Transferred from retained earnings 40
Empowerment shares* (276) (276)
Treasury shares** (227) (28)
Balance at the beginning of the year (28)
Shares bought back during the year (203) (28)
Shares used for incentive scheme 4
Foreign currency translation reserves (3) (7)
Balance at the beginning of the year (7) 6
Other comprehensive income 4 (13)
Retained earnings 7 225 6 843
Balance at the beginning of the year 6 843 6 615
Total comprehensive income attributable to equity holders of Reunert 1 112 954
Cash dividends declared and paid (730) (687)
Other 1
Transfer to equity transactions (40)
Equity attributable to equity holders of Reunert 7 138 7 011
Non-controlling interests 105 81
Balance at the beginning of the year 81 46
Share of total comprehensive income 34 3
Dividends declared and paid (15) (3)
Net changes in non-controlling interests 5 35
     
Total equity at the end of the year 7 243 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: 3 392 422 (2016: 443 331)