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NON-DISTRIBUTABLE RESERVES |
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Attributable |
||||||||
reserves |
||||||||
of equity |
Foreign |
Financial |
||||||
Share |
Share |
accounted |
currency |
instruments |
Insurance |
Retained |
||
capital |
premium |
investments |
translation |
revaluation |
reserve |
income |
Total |
|
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
|
| OPENING BALANCE | ||||||||
| AS AT 1 JULY 2001 | ||||||||
| Unbundling | 271 |
363 |
15 |
751 |
1 400 |
|||
| Net (losses)/gains not recognised | ||||||||
| in income statement2 | (220) |
204 |
52 |
(276) |
(240) |
|||
| Currency translation differences | (115) |
204 |
(276) |
(187) |
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| Financial instruments fair value | ||||||||
| movements recognised in equity1 | (105) |
52 |
(53) |
|||||
| Net profit2 | 976 |
976 |
||||||
| Issue of share capital | 3 |
2 721 |
2 724 |
|||||
| Unbundling costs | (44) |
(44) |
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| Transfer of equity accounted | ||||||||
| earnings | 16 |
(16) |
||||||
| Transfer to insurance reserve | 2 |
(2) |
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| BALANCE AT 30 JUNE 2002 | 3 |
2 677 |
67 |
567 |
67 |
2 |
1 433 |
4 816 |
| Net (losses)/gains not recognised | ||||||||
| in income statement2 | (18) |
(414) |
(6) |
77 |
(361) |
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| Currency translation differences | (19) |
(414) |
1 |
(432) |
||||
| Financial instruments fair value | ||||||||
| movements recognised in equity1 | ||||||||
| – recognised in current year income | (42) |
(42) |
||||||
| – recognised in equity | 57 |
57 |
||||||
| – fair value adjustment | 77 |
(21) |
56 |
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| Realised in associate and | ||||||||
| joint venture | (76) |
76 |
||||||
| Net profit2 | 718 |
718 |
||||||
| Dividend paid3 | (252) |
(252) |
||||||
| Transfer of equity accounted | ||||||||
| earnings | (38) |
38 |
||||||
| Transfer to insurance reserve | 3 |
(3) |
||||||
| BALANCE AT 30 JUNE 2003 | 3 |
2 677 |
11 |
153 |
61 |
5 |
2 011 |
4 921 |
| Dividends declared after | ||||||||
| balance sheet date | ||||||||
| (including STC)4 | (200) |
(200) |
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| EFFECT OF DIVIDENDS | ||||||||
| DECLARED AFTER BALANCE | ||||||||
| SHEET DATE ON EQUITY | 3 |
2 677 |
11 |
153 |
61 |
5 |
1 811 |
4 721 |
| 1. | Attributable reserves of equity accounted investments includes share of associates’ debt hedging reserve R nil million (2002: R105 million). |
| 2. | Total recognised gains and losses R357 million (2002: R736 million). |
| 3. | The group paid a dividend of R252 million during September 2002, the STC applicable was R32 million. |
| 4. | Dividend declared after balance sheet date amounts to 60 cents per share. STC at 12,5% is payable on all distributions to shareholders. |