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 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 |
---|---|---|---|---|---|---|---|
Profit for the year | – | – | – | – | 1 834,3 | – | 1 834,3 |
Other comprehensive loss for the year | – | – | – | (0,8) | – | – | (0,8) |
Total comprehensive (loss)/income | – | – | – | (0,8) | 1 834,3 | – | 1 833,5 |
Share-based payment | – | – | – | – | – | 6,3 | 6,3 |
Dividends on ordinary shares | – | – | – | – | (1 879,2) | – | (1 879,2) |
Balance at 30 September 2021 | 142,0 | 2 918,6 | 19,3 | 1,4 | 4 256,9 | 609,1 | 7 947,3 |
Notes | 22 | 29 |
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 2019 | 142,0 | 2 978,5 | (3,9) | 21,7 | 67,8 | (177,2) |
Profit for the year | – | – | – | – | – | – |
Other comprehensive (loss)/income 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) |
---|---|---|---|---|---|---|
Profit for the year | – | – | – | – | – | – |
Other comprehensive income/(loss) for the year4 | – | – | – | 4,1 | 16,8 | (318,6) |
Total comprehensive income/(loss) | – | – | – | 4,1 | 16,8 | (318,6) |
Transfers between reserves | – | 218,7 | – | – | – | – |
Share-based payment2 | – | – | – | – | – | – |
Dividends on ordinary shares | – | – | – | – | – | – |
Total dividends | – | – | – | – | – | – |
Less: Dividends on empowerment shares | – | – | – | – | – | – |
Sale of empowerment shares3 | – | – | – | – | – | – |
Balance at 30 September 2021 | 142,0 | 3 435,4 | (3,9) | 12,1 | 44,0 | (393,2) |
Notes | 22 | 15 |
(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 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)/incomefor 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 |
---|---|---|---|---|---|---|
Profit for the year | 1 893,1 | – | – | 1 893,1 | 28,5 | 1 921,6 |
Other comprehensive (loss)/income for the year4 | (10,7) | – | – | (308,4) | (20,9) | (329,3) |
Total comprehensive (loss)/income | 1 882,4 | – | – | 1 584,7 | 7,6 | 1 592,3 |
Transfers between reserves | (211,3) | – | (7,4) | – | – | – |
Share-based payment2 | – | – | 19,5 | 19,5 | – | 19,5 |
Dividends on ordinary shares | (1 683,6) | – | – | (1 683,6) | (19,5) | (1 703,1) |
Total dividends | (1819,7) | – | – | (1 819,7) | (19,5) | (1 839,2) |
Less: Dividends on empowerment shares | 136,1 | – | – | 136,1 | – | 136,1 |
Sale of empowerment shares3 | – | 6,3 | – | 6,3 | – | 6,3 |
Balance at 30 September 2021 | 13 812,6 | (2 193,5) | 699,5 | 15 555,0 | 147,4 | 15 702,4 |
Notes | 23 | 29 |
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 R17,9 million (2020: R9,1 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, R6,3 million (2020: R1,8 million) related to BMT I. |
4 | Following the closure of Deli Foods Nigeria Limited (Deli Foods) and the disposal of the UAC Foods Nigeria (UAC) associate investment, the foreign currency translation reserves have been released/charged to the income statement. This is in line with IAS 21, which requires the cumulative amount of the exchange differences recognised in other comprehensive income and accumulated in the separate component of equity, to be reclassified from equity to profit or loss (as a reclassification adjustment) when the gain or loss on disposal of the foreign operation is recognised. The gain recognised in the income statement relating to Deli Foods amounted to R92,7 million and the loss relating to UAC amounted to R47,7 million. |