NON-DISTRIBUTABLE
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RESERVES |
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Foreign |
Financial |
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Share |
Share |
currency |
instruments |
Retained |
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capital |
premium |
translation |
revaluation |
income |
Total |
|
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
|
| OPENING BALANCE | ||||||
| AS AT 1 JULY 2001 | ||||||
| Unbundling | 9 |
6 |
15 |
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| Net gains not | ||||||
| recognised in income | ||||||
| statement1 | 122 |
122 |
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| Currency translation differences | 122 |
122 |
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| Net loss1 | (27) |
(27) |
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| Issue of share capital | 3 |
2 721 |
2 724 |
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| Unbundling costs | (44) |
(44) |
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| BALANCE AT 30 JUNE 2002 | 3 |
2 677 |
131 |
(21) |
2 790 |
|
| Net (losses)/gains not recognised in | ||||||
| income statement1 | (11) |
(7) |
7 |
(11) |
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| Currency translation differences | (11) |
(11) |
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| Financial instruments fair value | ||||||
| movements recognised in equity | (7) |
(7) |
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| Realised in joint venture | 7 |
7 |
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| Net profit1 | 417 |
417 |
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| Dividend paid2 | (252) |
(252) |
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| BALANCE AT 30 JUNE 2003 | 3 |
2 677 |
120 |
(7) |
151 |
2 944 |
| Investment income – dividend declared by | ||||||
| subsidiaries after balance sheet date | 200 |
200 |
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| Dividends declared after | ||||||
| balance sheet date (including STC)3 | (200) |
(200) |
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| EFFECT OF DIVIDENDS DECLARED AFTER | ||||||
| BALANCE SHEET DATE ON EQUITY | 3 |
2 677 |
120 |
(7) |
151 |
2 944 |
| 1. | Total recognised gains and losses R406 million (2002: R95 million). |
| 2. | The group paid a dividend of R252 million during September 2002, the STC applicable was R32 million. |
| 3. | Dividend per share amounts to 60 cents. STC at 12,5% is payable on all distributions to shareholders. |