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

Condensed summarised consolidated statement
of changes in equity
For the six months ended 31 March 2019

Six months ended 31 March
R million
2019 (Unaudited) 2018 (Unaudited) 30 September 2018 (Audited)
Share capital 375 365 374
Balance at the beginning of the period 374 359 359
Issue of shares 1 6 15
Share-based payment reserves 243 198 256
Balance at the beginning of the period 256 176 176
Equity-settled share-based payments 26 24 79
Shares acquired for incentive scheme (74) (2)
Tax impact of cost of incentive shares charged to equity 12
Transfer to deferred tax (8)
Transfer from retained earnings 31 1
Equity transactions/put option with non-controlling shareholders (110) (118) (108)
Balance at the beginning of the period (108) (116) (116)
Acquisition of businesses (2) (3)
Partial disposal of subsidiaries (2)
Transfer to retained earnings 11
Empowerment shares1 (276) (276) (276)
Treasury shares2 (342) (312) (342)
Balance at the beginning of the period (342) (227) (227)
Shares bought back during the period (85) (115)
Foreign currency translation reserves (11) (38) (23)
Balance at the beginning of the period (23) (3) (3)
Other comprehensive income 2 (35) (20)
Recycled to the statement of profit or loss on disposal of foreign subsidiary 10
Translation loss on net investment in foreign subsidiary (39) (22) (42)
Balance at the beginning of the period (42)
Current period gain/(loss) 3 (22) (42)
Retained earnings 7 285 7 099 7 599
Balance at the beginning of the period 7 599 7 225 7 225
IFRS 9 and IFRS 15 transition (56)
Profit for the period attributable to equity holders
of Reunert
366 445 1 158
Cash dividends declared and paid (593) (571) (772)
Transfer to reserves (31) (12)
Equity attributable to equity holders of Reunert
(carried forward)
7 125 6 896 7 438
Equity attributable to equity holders of Reunert
(brought forward)
7 125 6 896 7 438
Non-controlling interests 75 97 88
Balance at the beginning of the period 88 105 105
IFRS 9 and IFRS 15 transition (9)
Share of total comprehensive income 11 (2) (9)
Dividends declared and paid (13) (5) (9)
Net changes in non-controlling interests (2) (1) 1
Total equity at end of the period 7 200 6 993 7 526
1 This is 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.
(September 2018: 4 997 698).
2 Reunert shares bought back in the market and held by a subsidiary: 4 997 698 (2018: 4 604 380)