annual report 2008

annual financial statements: statement of changes in equity
for the year ended 31 March 2008

     
    Group
    2008 2007  
  Notes   Rm Rm  
Share capital and premium 7   149.1 311.4  
Opening balance     311.4 524.9  
Cost of own shares acquired:          
   Treasury shares     (112.4) (213.5)  
   Cancelled shares     (50.0)  
Share awards to employees     0.1  
Other reserves 8   128.4 156.5  
Opening balance     156.5 92.0  
Fair value adjustments of available-for-sale investments, net of tax     (27.5) 54.0  
Disposal of available-for-sale investments recognised     (21.3) (1.4)  
Share-based payment     6.7 4.0  
Transfer of share-based payment reserve to retained earnings on vesting     (0.9) (1.7)  
Transfer to contingency reserve from retained earnings     9.0 4.2  
Foreign currency translation reserve     5.9 5.4  
Retained earnings 9   2 452.5 2 059.3  
Opening balance     2 059.3 1 688.5  
Net profit attributable to shareholders     642.3 598.3  
Profit on sale of own shares     21.8 6.8  
Transfer of share-based payment reserve from other reserves on vesting     0.9 1.7  
Cost of share awards to employees     (0.1)  
Transfer to contingency reserve     (9.0) (4.2)  
Distribution to shareholders 24   (262.7) (231.8)  
           
Balance at 31 March 2008     2 730.0 2 527.2