statement of changes in equity for the year ended 23 December 2012

  Share capital
Rm
  Share premium
Rm
  Other reserves
Rm
  Retained profit
Rm
  Equity
attributable to
equity holders
of the parent
Rm
  Non-
controlling
interests
Rm
  Total
Rm
Balance as at June 2011  2.0    743.9    444.4    2,775.6    3,965.9    215.8    4,181.7 
Total comprehensive income      75.9    1,179.6    1,255.5    36.3    1,291.8 
Profit for the period      -      1,179.6    1,179.6    36.3    1,215.9 
Other comprehensive income for the period      75.9      75.9      75.9 
Dividends declared (note 10)       (838.8)   (838.8)     (838.8)
Net changes in non-controlling interests            (5.3)   (5.3)
Distribution to non-controlling interests            (38.9)   (38.9)
Cost of acquiring non-controlling interests      (20.5)     (20.5)     (20.5)
Share-based payment expense      113.8      113.8      113.8 
Share trust net consideration        (127.0)   (127.0)     (127.0)
Issue of share capital (net of costs) 0.2          0.2      0.2 
Treasury shares    6.7    1.1      7.8      7.8 
Balance as at June 2012  2.2    750.6    614.7    2,989.4    4,356.9    207.9    4,564.8 
Total comprehensive income      22.5    693.2    715.7    29.2    744.9 
Profit for the period        693.2    693.2    29.2    722.4 
Other comprehensive income for the period      22.5      22.5      22.5 
Dividends declared (note 10)       (317.0)   (317.0)     (317.0)
Net changes in non-controlling interests            (21.9)   (21.9)
Distribution to non-controlling interests            (39.6)   (39.6)
Cost of acquiring non-controlling interests      (13.6)     (13.6)     (13.6)
Share-based payment expense      68.5      68.5      68.5 
Share trust net consideration        (72.6)   (72.6)     (72.6)
Release of share-based payment reserve      (292.6)   292.6       
Release of amortisation of trademark reserve     (76.5)    76.5       
Treasury shares    1.5    0.3      1.8      1.8 
Balance as at December 2012  2.2    752.1    323.3    3,662.1    4,739.7    175.6    4,915.3 

  • The non-controlling interests comprise mainly store managers' holdings in certain Masscash stores.
  • Net changes in non-controlling interests represents the acquisition of non-controlling interests by the Group.
  • Distribution to non-controlling interests comprise dividends paid to non-controlling shareholders of a Group company.
  • Cost of acquiring non-controlling interests comprise the costs paid for increasing the Group's interest in a Group company above the company's non-controlling interest balance in the statement of financial position.
  • The share trust net consideration is the cost of buying shares in the market above the exercise price to meet the demands of the Massmart share schemes.