Massmart Annual Report 2008

Statement of changes in equity
for the year ended 30 June 2008

        Non-    
  Share Share  Preference distributable Retained   
  capital premium  shares reserve profit  Total 
  Rm Rm  Rm Rm Rm  Rm 
Balance as at 30 June 2007 2,0 262,6  (52,1) 212,5 
Profit for the year –  981,9  981,9 
Share trust loss –  (216,5) (216,5)
BEE transaction costs and shares issued (4,5) 0,2 –  (4,3)
Dividends paid –  (565,8) (565,8)
Treasury shares (3,4) –  (3,4)
Share-based payment reserve –  0,9 –  0,9 
Balance as at 30 June 2007 2,0 254,7  0,2 0,9 147,5  405,3 
Profit for the year –  1 149,1  1 149,1 
Share trust loss –  (96,3) (96,3)
Dividends paid –  (721,4) (721,4)
Realisation of prior year treasury shares 20,0  –  20,0 
Treasury shares (10,0)  –  (10,0)
Share-based payment reserve –  2,8 –  2,8 
Balance as at 30 June 2008 2,0 264,7  0,2 3,7 478,9  749,5 
The accounting policies are in line with the Massmart Group accounting policies, of the annual financial statements.