Company statement of changes in equity
 
for the 18-months ended 31 December 2004      
             
     

Non-distributable reserves

    
      Foreign  Financial     
  Share Share  currency  instruments   Retained   
  capital  premium   translation  revaluation  earnings  Total  
  Rm Rm  Rm  Rm  Rm  Rm  
OPENING BALANCE AS AT 1 JULY 2002 3 2 677  131    (21)  2 790  
Net (losses)/gains not recognised in            
income statement1     (11) (7) 7  (11) 
             
Currency translation differences     (11)     (11) 
Financial instruments fair value movements            
recognised in equity       (7)   (7) 
Realised in joint venture         7  7  
             
Net profit1         417  417  
Dividend paid2         (252) (252) 
BALANCE AT 30 JUNE 2003 3 2 677  120  (7) 151  2 944  
Net (losses)/gains not recognised in income statement1     (2) 5    3  
Currency translation differences     (2)     (2) 
Financial instruments fair value movements            
recognised in equity       5    5  
Realised in joint venture            
             
Net profit1         359  359  
Dividend paid2         (344) (344) 
Issue of share capital   132        132  
BALANCE AT 31 DECEMBER 2004 3 2 809  118  (2) 166  3 094  
   
 
1. Total recognised gains and losses R362 million (2003: R406 million)
2. The company paid a dividend relating to the 2003 financial year of R177 million during September 2003, the STC applicable was R22 million. During March 2004 and September  2004 the company paid dividends of R60 million and R105 million respectively, the STC applicable was R8 million and R13 million.
  Note: Dividend declared after balance sheet date amounts to 90 cents per share. Secondary Tax on Companies (“STC”) at 12,5% is payable on all distributions to shareholders.
   
   
   
 
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