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

Summarised consolidated statement of changes in equityfor the year ended 30 September 2018

R million
Audited
2018
Audited
2017
Share capital 374 359
Balance at the beginning of the year 359 343
Issue of shares 15 16
Share-based payment reserves 256 176
Balance at the beginning of the year 176 136
Equity-settled share-based payments 79 40
Transfer to retained earnings 1
Equity transactions/put option with non-controlling shareholders (108) (116)
Balance at the beginning of the year (116)
Put option (116)
Acquisition of businesses1 (3)
Transfer to retained earnings1 11
Empowerment shares2 (276) (276)
Treasury shares3 (342) (227)
Balance at the beginning of the year (227) (28)
Shares bought back during the year (115) (203)
Shares used for incentive scheme 4
Foreign currency translation reserves (23) (3)
Balance at the beginning of the year (3) (7)
Other comprehensive income (20) 4
Translation loss on net investment in foreign subsidiary (42)
Balance at the beginning of the year
Current period loss (42)
Retained earnings 7 599 7 225
Balance at the beginning of the year 7 225 6 843
Profit for the year attributable to equity holders of Reunert 1 158 1 112
Cash dividends declared and paid (772) (730)
Transfer from reserves (12)
Equity attributable to equity holders of Reunert (carried forward) 7 438 7 138
Equity attributable to equity holders of Reunert (brought forward) 7 438 7 138
Non-controlling interests 88 105
Balance at the beginning of the year 105 81
Share of total comprehensive income (9) 34
Dividends declared and paid (9) (15)
Net changes in non-controlling interests 1 5

Total equity at end of the year

7 526 7 243
1 In respect of the acquisition of further interests in Terra Firma Solutions (3,38%). Refer to note 10 – other transactions. R3million of the transfer to retained earnings relates to the Terra Firma acquisition and R8million relates to the finalisation of the put option in Ryonic Robotics.
2 These are the cost of 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.
3 Reunert shares bought back in the market and held by a subsidiary: 4 997 698 (2017: 3 392 422).