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

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 31 MARCH 2020

  Six months ended 31 March  
R million
2020 
(Unaudited)
  2019 
(Unaudited)
Year ended 
30 September  2019 
(Audited) 
Share capital 389 375 388
Balance at the beginning of the period 388 374 374
Issue of shares 1 1 14
Share-based payment reserves 223 243 229
Balance at the beginning of the period 229 256 256
In terms of conditional share plan (CSP) 14 30 1
Shares acquired to settle CSP (53) (74) (74)
In terms of the empowerment transaction -   -   3
Transfer from retained earnings 33 31 43
Equity transactions/put option with non-controlling shareholders (109) (110) (108)
Balance at the beginning of the period (108) (108) (108)
Net changes in non-controlling interests (1) (2) (27)
Transfer from retained earnings -   -   27
Empowerment shares 1 (276) (276) (276)
Treasury shares 2 (342) (342) (342)
Foreign currency translation reserves 17 (11) (11)
Balance at the beginning of the period (11) (23) (23)
Other comprehensive income 28 2 2
Recycled to the statement of profit or loss on disposal of foreign subsidiary -   10 10
Translation loss on net investment in foreign subsidiary (113) (39) (47)
Balance at the beginning of the period (47) (42) (42)
Other comprehensive income (66) 3 (5)
Gain on fair value movement of investment in financial asset 6 -   6
Balance at the beginning of the period 6 -   -  
Other comprehensive income -   -   6
Retained earnings 6 554 7 285 7 473
Balance at 30 September 2018 7 473 7 599 7 599
IFRS 9 and 15 transitional adjustments  -   (56) (56)
Balance at the beginning of the period 7 473 7 543 7 543
(Loss)/profit for the period attributable to equity holders of Reunert (277) 366 790
Cash dividends paid (618) (593) (803)
Tax deduction in terms of CSP 9 -   13
Transfer to reserves (33) (31) (70)
Equity attributable to equity holders of Reunert 6 349 7 125 7 312
Non-controlling interests 73 75 119
Balance at 30 September 2018 119 88 88
IFRS 9 and 15 transitional adjustments  -   (9) (9)
Balance at the beginning of the period 119 79 79
Share of total comprehensive income (44) 11 16
Cash dividends paid (2) (13) (14)
Subscription for shares by non-controlling shareholder -   -   43
Net changes in non-controlling interests -   (2) (5)
Total equity at the end of the period
6 422 7 200 7 431
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.
2 Ordinary Reunert shares bought back in the open market and not yet cancelled: 4 997 698 shares (March and
September 2019: 4 997 698 shares).