for the year ended 30 September 2024
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 2022 | 18,0 | 2 918,6 | 19,3 | 1,3 | 5 429,4 | 615,4 | 9 002,0 |
Profit for the year | – | – | – | – | 1 703,4 | – | 1 703,4 |
Other comprehensive loss for the year | – | – | – | (1,0) | – | – | (1,0) |
Total comprehensive (loss)/income | – | – | – | (1,0) | 1 703,4 | – | 1 702,4 |
Transfers between reserves | – | – | – | – | 196,2 | (196,2) | – |
Share-based payment | – | – | – | – | – | 5,8 | 5,8 |
Dividends on ordinary shares (note 12.1) | – | – | – | – | (1 754,6) | – | (1 754,6) |
Balance at 30 September 2023 | 18,0 | 2 918,6 | 19,3 | 0,3 | 5 574,4 | 425,0 | 8 955,6 |
Profit for the year | – | – | – | – | 2 304,5 | – | 2 304,5 |
Other comprehensive income for the year | – | – | – | 3,5 | – | – | 3,5 |
Total comprehensive income | – | – | – | 3,5 | 2 304,5 | – | 2 308,0 |
Transfer between reserves* | – | (2 918,6) | (19,3) | – | 2 937,9 | – | – |
Share-based payment | – | – | – | – | – | (1,5) | (1,5) |
Dividends on ordinary shares (note 12.1) | – | – | – | – | (1 841,1) | – | (1 841,1) |
Balance at 30 September 2024 | 18,0 | – | – | 3,8 | 8 975,7 | 423,5 | 9 421,0 |
Notes | 22 |
* | Based on a reassessment of reserves in the current year, these amounts have been transferred to accumulated profits |
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 2022 | 18,0 | 2 577,3 | (3,9) | (2,2) | (4,7) | (408,5) | |
Profit for the year | – | – | – | – | – | – | |
Other comprehensive income for the year | – | – | – | 1,0 | 65,5 | 287,7 | |
Total comprehensive income | – | – | – | 1,0 | 65,5 | 287,7 | |
Transfers between reserves | – | 443,8 | – | – | – | – | |
Share-based payment1 | – | – | – | – | – | – | |
Dividends on ordinary shares (note 12.1) | – | – | – | – | – | – | |
Total dividends | – | – | – | – | – | – | |
Less: Dividends on empowerment shares | – | – | – | – | – | – | |
Sale of empowerment shares2 | – | – | – | – | – | – | |
Balance at 30 September 2023 | 18,0 | 3 021,1 | (3,9) | (1,2) | 60,8 | (120,8) | |
Profit for the year | – | – | – | – | – | – | |
Other comprehensive income/(loss) for the year | – | – | – | 1,2 | (11,3) | (265,0) | |
Total comprehensive income/(loss) | – | – | – | 1,2 | (11,3) | (265,0) | |
Transfers between reserves | – | 480,9 | – | – | – | – | |
Share-based payment1 | – | – | – | – | – | – | |
Dividends on ordinary shares (note 12.1) | – | – | – | – | – | – | |
Total dividends | – | – | – | – | – | – | |
Less: Dividends on empowerment shares | – | – | – | – | – | – | |
Sale of empowerment shares2 | – | – | – | – | – | – | |
Repurchase of Tiger Brands shares3 | – | – | – | – | – | – | |
Balance at 30 September 2024 | 18,0 | 3 502,0 | (3,9) | – | 49,5 | (385,8) | |
Notes | 22 | 16 |
1 | Included in the movement of the share-based payment are options exercised amounting to R89,5 million (2023: R38,0 million) |
2 | 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, R11,4 million (2023: R5,2 million) related to BMT I |
3 | During the year ended 30 September 2024, the group embarked on a share repurchase programme through Tiger Consumer Brands Limited, in which 1 104 486 of the listed Tiger Brands shares were repurchased at an average price of R195,08 per share. These shares are held as treasury shares (refer to note 22.3) |
(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 2022 | 14 867,6 | (2 187,3) | 752,6 | 15 608,9 | 142,3 | 15 751,2 |
Profit for the year | 2 697,2 | – | – | 2 697,2 | 36,7 | 2 733,9 |
Other comprehensive income for the year | 35,4 | – | – | 389,6 | 22,4 | 412,0 |
Total comprehensive income | 2 732,6 | – | – | 3 086,8 | 59,1 | 3 145,9 |
Transfers between reserves | (251,8) | – | (192,0) | – | – | – |
Share-based payment1 | – | – | (34,3) | (34,3) | – | (34,3) |
Dividends on ordinary shares (note 12.1) | (1 562,9) | – | – | (1 562,9) | (0,9) | (1 563,8) |
Total dividends | (1 695,3) | – | – | (1 695,3) | (0,9) | (1 696,2) |
Less: Dividends on empowerment shares | 132,4 | – | – | 132,4 | – | 132,4 |
Sale of empowerment shares2 | – | 5,2 | – | 5,2 | – | 5,2 |
Balance at 30 September 2023 | 15 785,5 | (2 182,1) | 526,3 | 17 103,7 | 200,5 | 17 304,2 |
Profit for the year | 3 028,5 | – | – | 3 028,5 | 29,0 | 3 057,5 |
Other comprehensive income/(loss) for the year | (9,1) | – | – | (284,2) | (8,9) | (293,1) |
Total comprehensive income/(loss) | 3 019,4 | – | – | 2 744,3 | 20,1 | 2 764,4 |
Transfers between reserves | (494,7) | – | 13,8 | – | – | – |
Share-based payment1 | – | – | (27,3) | (27,3) | – | (27,3) |
Dividends on ordinary shares (note 12.1) | (1 637,9) | – | – | (1 637,9) | (3,2) | (1 641,1) |
Total dividends | (1 776,3) | – | – | (1 776,3) | (3,2) | (1 779,5) |
Less: Dividends on empowerment shares | 138,4 | – | – | 138,4 | – | 138,4 |
Sale of empowerment shares2 | – | 11,4 | – | 11,4 | – | 11,4 |
Repurchase of Tiger Brands shares3 | – | (215,5) | – | (215,5) | – | (215,5) |
Balance at 30 September 2024 | 16 672,3 | (2 386,2) | 512,8 | 17 978,7 | 217,4 | 18 196,1 |
Notes | 23 | 29 |