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Annual Report 2005
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GROUP STATEMENT OF CHANGES IN EQUITY
  for the year ended 31 December 2005
 
          Non-distributable reserves          
                         
 
Attribu- 
 
table 
Attribu- 
 
reserves 
Financial 
table to 
 
Shares 
of equity 
Foreign 
instru- 
equity 
 
held by 
accounted 
currency 
ments 
Equity- 
Insur- 
holders 
 
Share 
Share 
Share 
invest- 
trans- 
revalu- 
settled 
ance 
Retained 
of the 
Minority 
Total 
 
capital 
premium 
Trust 
ments 
lation 
ation 
reserve 
reserve 
income 
parent 
interest 
equity 
 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
OPENING BALANCE
AT 1 JULY 2003
3 
2 677 
(33)
11 
153 
61 
5 
2 018 
4 895 
1 191 
6 086 
Prior year adjustments:
(refer note 2)
– environmental
   rehabilitation    provision
(136)
(136)
(136)
– deferred tax    asset
93 
93 
87 
180 
– share-based    payments
4 
(4)
Restated opening balance
3 
2 677 
(33)
11 
153 
61 
4 
5 
1 971 
4 852 
1 278 
6 130 
Net (losses)/gains not recognised in income
statement1
(22)
(294)
(13)
30 
27 
(272)
(129)
(401)
 
Currency translation
 
 
 
 
 
 
 
 
 
 
 
 
differences
 
(6)
(257)
(23)
(286)
(133)
(419)
Transfer (from)/to currency
 
 
translation reserve
 
(9)
9 
 
Share-based payments
 
 
movement
 
30 
30 
30 
Financial instruments
 
 
 
fair value movements
 
recognised in equity
 
51 
51 
51 
Deferred taxation
 
(15)
(41)
(56)
(56)
Minority share of reserve
 
 
movements
 
4 
4 
Realised in associates
 
 
and joint ventures
 
 
 
(16)
(13)
 
 
 
18 
(11)
 
(11)
 
 
Net profit1
891 
891 
65 
956 
Dividends paid
(344)
(344)
(17)
(361)
Reduction in dividends
paid to Management
Share Trust
2 
2 
2 
Issue of share capital
132 
132 
132 
Movement in shares
issued to Management
Share Trust
33 
33 
33 
Transfer of equity
accounted earnings
31 
(31)
Transfer from insurance
reserve
 
 
 
 
 
 
 
(5)
 
(5)
 
(5)
BALANCE AT
31 DECEMBER 2004
3 
2 809 
20 
(141)
48 
34 
2 516 
5 289 
1 197 
6 486 
                         
          Non-distributable reserves          
 
Attribu- 
 
table 
Attribu- 
 
reserves 
Financial 
table to 
 
Shares 
of equity 
Foreign 
instru- 
equity 
 
held by 
accounted 
currency 
ments 
Equity- 
Insur- 
holders 
 
Share 
Share 
Share 
invest- 
trans- 
revalu- 
settled 
ance 
Retained 
of the 
Minority 
Total 
 
capital 
premium 
Trust 
ments 
lation 
ation 
reserve 
reserve 
income 
parent 
interest 
equity 
 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
BALANCE AT
31 DECEMBER 2004
3 
2 809 
20 
(141)
48 
34 
2 516 
5 289 
1 197 
6 486 
Adjustments to
opening balances
– transfer of       attributable
   reserves of
   equity
   accounted    investments
(20)
20 
– negative    goodwill
   adjustment
53 
53 
53 
– de-
  commissioning    asset
   restated
    
 
 
 
 
 
   
 
18 
18 
(11)
7 
Restated opening balance
3 
2 809 
 
 
(141)
48 
34 
  
2 607 
5 360 
1 186 
6 546 
Net gains/(losses) not
recognised in income
statement1
112 
(53)
38 
16 
113 
(37)
76 
Currency translation
 
 
 
 
 
 
 
 
 
 
 
 
differences
 
153 
3 
16 
172 
60 
232 
Minority share of reserve
 
 
movements
 
(97)
(97)
Share-based payments
 
 
movement
 
38 
38 
38 
Financial instruments
 
 
 
 
 
fair value movements
 
recognised in equity
 
– recognised in    current
 
   year income
 
(8)
(8)
(8)
– recognised in    equity
 
(95)
(95)
(95)
– fair value    adjustment
 
2 
2 
2 
Deferred taxation
  
 
 
 
(41)
45 
 
 
  
4 
 
4 
Net profit1
 
3 190 
3 190 
61 
3 251 
Dividends paid2
(1 430)
(1 430)
(17)
(1 447)
Issue of share capital
132 
132 
10 
142 
Movement in shares
issued to Management
Share Trust
(4)
16 
12 
12 
Minority share-buy out
 
 
 
 
 
 
 
 
  
 
(1 194)
(1 194)
BALANCE AT
31 DECEMBER 2005
3 
2 937 
 
 
(29)
(5)
88 
 
4 383 
7 377 
9 
7 386 
1. Total recognised gains and losses R3 302 million (2004: R619 million)
2.
  		 The company paid a dividend relating to the 2004 financial year of R273 million during March 2005, the STC applicable was R34 million. During September 2005 the company paid dividends of R1 157 million, the STC applicable was R145 million (R487 million interim dividend plus R670 million special dividend).

Foreign currency translation reserve
The foreign currency translation reserve comprises all foreign exchange differences arising from the translation of the financial statements of foreign entities that are not integral to the operations of the group.

Financial instruments revaluation reserve
The financial instruments revaluation reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments where the hedged transaction has not yet occurred.

Equity-settled reserve
The equity-settled reserve represents the fair value of services received and settled by equity instruments granted.

Insurance reserve
The insurance reserve represents the unrealised portion of commission receivable from reinsurers.

 
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