Agribel Interim Results 2021/2022 | Page 7

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

R ’ m R ’ m R ’ m R ’ m R ’ m R ’ m R ’ m Balance at 30 April 2021 ( audited ) 552 78 35 615 1 265 2 545 931 Prior year adjustments - - - - ( 4 ) ( 4 ) - Profit for the period - - - - 219 219 80 Dividends - - - - ( 52 ) ( 52 ) ( 33 ) Issue of shares ( Scrip dividends ) 14 - - - - 14 - Change in ownership of subsidiary - - - ( 3 ) - ( 3 ) ( 8 )

Equity-settled share-based payment scheme - Vesting

- - ( 13 ) 16 ( 3 ) - -

Net treasury shares purchased - - - ( 2 ) - ( 2 ) ( 1 )

Equity-settled share-based payment scheme - Expense

- - 5 - - 5 2

Balance at 31 October 2021 ( unaudited ) 566 78 27 626 1 425 2 722 971

Balance at 30 April 2020 ( audited ) 511 78 39 1 1 070 1 699 1 702 Prior period adjustment - - - - - - 1 Profit for the period - - - - 155 155 154 Dividends paid - - - - ( 26 ) ( 26 ) ( 24 ) Shares Issued during the year 41 - - - - 41 - Acquisition of subsidiaries - - - - - - 38

Equity-settled share-based payment scheme - vesting Equity-settled share-based payment scheme - expense

- - ( 14 ) - - ( 14 ) ( 11 )

- - 3 - - 3 2

Change in ownership - - - ( 2 ) - ( 2 ) ( 16 ) Change in interest in subsidiaries - - - - - - ( 76 ) Adjustment in subsidiary - - - - 15 15 12 Acquisition of treasury shares - - 15 ( 19 ) - ( 4 ) 39 Balance at 31 October 2020 ( unaudited ) 552 78 43 ( 20 ) 1 214 1 867 1 821

* In terms of IFRS 3 , a retrospective adjustment of amounts recognised at the acquisition date of Suidwes Holdings ( Pty ) Ltd , a subsidiary of Senwes Ltd , was made to reflect new information obtained about facts and circumstances that existed as at the acquisition date and , if known , would have affected the measurement of the amounts recognised as at that date . The impact of the adjustment is a decrease in gain on bargain purchase of R22 million .

AGRIBEL HOLDINGS INTERIM RESULTS 31 OCTOBER 2021

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