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GROUP STATEMENT OF CHANGES IN EQUITY

for the year ended 30 June 2011

    Number
of
ordinary
shares
issued
Number
of shares
held by
share
trusts
Net
shares
issued to
public
Stated
capital
R’000
Foreign
currency
translation
reserve
R’000
Distri-
butable
reserves
R’000
  Equity
share-
holders
R’000
  Non-
control-
ling
interest
R’000
  Total
R’00
 
  Balance at 30 June 2009 120 093 047 (25 479 005) 94 614 042 1 218 133 (73 936) 1 229 280   2 373 477   34 366   2 407 843  
  Issue of shares to share trust                          
  in terms of share scheme 198 793 (198 793)        
  Issue of shares from share trust 721 128 721 128 7 408   7 408     7 408  
  Issue of shares in terms of                          
  BEE ownership scheme in                          
  lieu of dividends 619 977 (619 977)        
  Share option costs 35 594   35 594     35 594  
  Total comprehensive income (68 889) 267 377   198 488   46 300   244 788  
  Comprehensive income:                          
  Net profit for the year 267 377   267 377   46 300   313 677  
  Other comprehensive income:                          
  Translation differences arising                          
  from foreign operations (68 889)   (68 889)     (68 889)  
  Distribution to non-controlling                          
  interests     (5 611)   (5 611)  
  Dividends paid (128 610)   (128 610)     (128 610)  
  Balance at 30 June 2010 120 911 817 (25 576 647) 95 335 170 1 261 135 (142 825) 1 368 047   2 486 357   75 055   2 561 412  
  Issue of shares to share trust                          
  in terms of share scheme 92 699 (92 699)        
  Issue of shares from share trust 669 609 669 609 5 704   5 704     5 704  
  Issue of shares in terms of                          
  BEE ownership scheme in                          
  lieu of dividends 473 342 (473 342)        
  Share option costs 41 132   41 132     41 132  
  Total comprehensive income (45 948) (218 107)   (264 055)   59 063   (204 992)  
  Comprehensive income:                          
  Net loss for the year (218 107)   (218 107)   59 063   (159 044)  
  Other comprehensive income:                          
  Translation differences arising                          
  from foreign operations (45 948)   (45 948)     (45 948)  
  Distribution to non-controlling                          
  interests     (16 553)   (16 553)  
  Dividends paid (121 008)   (121 008)     (121 008)  
  Balance at 30 June 2011 121 477 858 (25 473 079) 96 004 779 1 307 971 (188 773) 1 028 932   2 148 130   117 565   2 265 695  

The foreign currency translation reserve is the result of exchange differences arising from the translation of the group’s foreign operations to the functional and presentation currency of the holding company, being Rand.

he group issues equity-settled share-based incentives to certain employees. Equity-settled share-based payments are measured at fair value at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period.

As reported on page 54 on the CD contained within this intigrated report, during the year the broad-based scheme reached its vesting date. 540 081 shares included in the number of shares held by shares trusts at 30 June 2011 is thus expected to be transferred to individual beneficiaries in the new financial year.

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