Non-distributable reserves | ||||||||
(R’million) | Share capital and premium |
Non- distributable reserves |
Other capital reserves |
FVOCI financial assets |
Accumulated profits |
Share- based payment reserve |
Total attributable to owners of the parent |
|
Company | ||||||||
Balance at 1 October 2018 | 142,0 | 2 918,6 | 19,3 | 6,9 | 6 571,3 | 557,4 | 10 215,5 | |
Profit for the year | – | – | – | – | 4 546,0 | – | 4 546,0 | |
Other comprehensive loss for the year | – | – | – | (3,3) | – | – | (3,3) | |
Total comprehensive (loss)/income | – | – | – | (3,3) | 4 546,0 | – | 4 542,7 | |
Share-based payment | – | – | – | – | – | 25,4 | 25,4 | |
Dividends on ordinary shares | – | – | – | – | (6 085,7) | – | (6 085,7) | |
Total dividends | – | – | – | – | (2 522,4) | – | (2 522,4) | |
Dividend in specie | – | – | – | – | (3 563,3) | – | (3 563,3) | |
Balance at 30 September 2019 | 142,0 | 2 918,6 | 19,3 | 3,6 | 5 031,6 | 582,8 | 8 697,9 | |
Profit for the year | 94,0 | 94,0 | ||||||
Other comprehensive loss for the year | (1,4) | (1,4) | ||||||
Total comprehensive (loss)/income | – | – | – | (1,4) | 94,0 | – | 92,6 | |
Share-based payment | – | – | – | – | – | 20,0 | 20,0 | |
Dividends on ordinary shares | – | – | – | – | (823,8) | – | (823,8) | |
Balance at 30 September 2020 | 142,0 | 2 918,6 | 19,3 | 2,2 | 4 301,8 | 602,8 | 7 986,7 | |
Notes | 20 | 27 |
Non-distributable reserves | |||||||
(R’million) | Share capital and premium |
Share of net earnings of associates |
Other capital reserves |
Cash flow hedge reserve |
FVOCI financial assets |
Foreign currency translation reserve |
|
Group | |||||||
Balance at 1 October 2018 | 142,0 | 2 899,3 | (3,9) | 17,0 | 100,6 | 419,6 | |
Profit for the year | – | – | – | – | – | – | |
Other comprehensive loss for the year | – | – | – | 4,7 | (32,8) | (408,5) | |
Total comprehensive income/(loss) | – | – | – | 4,7 | (32,8) | (408,5) | |
Transfers between reserves | – | 79,2 | – | – | – | – | |
Share-based payment2 | – | – | – | – | – | – | |
Allocated shares on unbundling of Oceana4 | – | – | – | – | – | – | |
Dividends on ordinary shares | – | – | – | – | – | – | |
Total dividends | – | – | – | – | – | – | |
Dividend in specie5 | – | – | – | – | – | – | |
Less: Dividends on empowerment shares | – | – | – | – | – | – | |
Disposal of investment in associate6 | – | – | – | – | – | (188,3) | |
Sale of empowerment shares3 | – | – | – | – | – | – | |
Balance at 30 September 2019 | 142,0 | 2 978,5 | (3,9) | 21,7 | 67,8 | (177,2) | |
Profit for the year | – | – | – | – | – | – | |
Other comprehensive loss for the year | – | – | – | (13,7) | (40,6) | 102,6 | |
Total comprehensive (loss)/income | – | – | – | (13,7) | (40,6) | 102,6 | |
Change in reserve due to adoption of IFRS 161 | – | – | – | – | – | – | |
Transfers between reserves | – | 238,2 | – | – | – | – | |
Share-based payment2 | – | – | – | – | – | – | |
Dividends on ordinary shares | – | – | – | – | – | – | |
Total dividends | – | – | – | – | – | – | |
Less: Dividends on empowerment shares | – | – | – | – | – | – | |
Sale of empowerment shares3 | – | – | – | – | – | – | |
Balance at 30 September 2020 | 142,0 | 3 216,7 | (3,9) | 8,0 | 27,2 | (74,6) | |
Notes | 20 | 14 |
(R’million) | Accumulated profits |
Shares held by subsidiary and empowerment entities |
Share- based payment reserve |
Total attributable to owners of the parent |
Non- controlling interests |
Total equity |
|
Group | |||||||
Balance at 1 October 2018 | 15 581,1 | (2 465,1) | 611,4 | 17 302,0 | 163,2 | 17 465,2 | |
Profit for the year | 3 863,3 | – | – | 3 863,3 | 27,5 | 3 890,8 | |
Other comprehensive loss for the year | 39,2 | – | – | (397,4) | (0,2) | (397,6) | |
Total comprehensive income/(loss) | 3 902,5 | – | – | 3 465,9 | 27,3 | 3 493,2 | |
Transfers between reserves | (74,6) | – | (4,6) | – | – | – | |
Share-based payment2 | – | – | 25,4 | 25,4 | – | 25,4 | |
Allocated shares on unbundling of Oceana4 | – | 260,1 | – | 260,1 | – | 260,1 | |
Dividends on ordinary shares | (5 624,1) | – | – | (5 624,1) | (27,4) | (5 651,5) | |
Total dividends | (2 439,1) | – | – | (2 439,1) | (27,4) | (2 466,5) | |
Dividend in specie5 | (3 369,2) | – | – | (3 369,2) | – | (3 369,2) | |
Less: Dividends on empowerment shares | 184,2 | – | – | 184,2 | – | 184,2 | |
Disposal of investment in associate6 | – | – | – | (188,3) | (188,3) | ||
Sale of empowerment shares3 | – | 3,4 | – | 3,4 | – | 3,4 | |
Balance at 30 September 2019 | 13 784,9 | (2 201,6) | 632,2 | 15 244,4 | 163,1 | 15 407,5 | |
Profit for the year | 1 014,3 | – | – | 1 014,3 | 25,6 | 1 039,9 | |
Other comprehensive loss for the year | 42,2 | – | – | 90,5 | 20,6 | 111,1 | |
Total comprehensive (loss)/income | 1 056,5 | – | – | 1 104,8 | 46,2 | 1 151,0 | |
Change in reserve due to adoption of IFRS 161 | (43,4) | – | – | (43,4) | – | (43,4) | |
Transfers between reserves | (233,1) | – | (5,1) | – | – | – | |
Share-based payment2 | – | – | 60,3 | 60,3 | – | 60,3 | |
Dividends on ordinary shares | (739,8) | – | – | (739,8) | (50,0) | (789,8) | |
Total dividends | (799,7) | – | – | (799,7) | (50,0) | (849,7) | |
Less: Dividends on empowerment shares | 59,9 | – | – | 59,9 | – | 59,9 | |
Sale of empowerment shares3 | – | 1,8 | – | 1,8 | – | 1,8 | |
Balance at 30 September 2020 | 13 825,1 | (2 199,8) | 687,4 | 15 628,1 | 159,3 | 15 787,4 | |
Notes | 21 | 27 |
1 | Retained earnings adjustment resulting from the modified retrospective approach relating to IFRS 16. |
2 | Included in the movement of the share-based payment are options exercised amounting to R9,1 million (2019: R32,9 million). |
3 | Relates to the exercising of options vested post the December 2014 lock-in period in terms of the Black Managers Participation Right Scheme (BMT). In the current year, R1,8 million (2019: R3,4 million) related to BMT I. |
4 | Relates to the value of Oceana shares allocated to the BEE entities on the unbundling of Oceana Group Limited (Oceana). |
5 | Relates to the non-cash dividend declared to the shareholders of Tiger Brands as part of the unbundling of Oceana. |
6 | Relates to release of the previously equity-accounted FCTR on Oceana. |