Senwesbel Consolidated Financial Statements | Page 14

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2020
ISSUED SHARE CAPITAL
SHARE PREMIUM
NON-DISTRIBUTABLE
RESERVES
CHANGE IN OWNERSHIP
AND OTHER RESERVES
FAIR VALUE
ADJUSTMENTS
SHARE-BASED PAYMENT
RESERVE
RETAINED EARNINGS
NON-CONTROLLING
INTEREST
TOTAL EQUITY
R’m R’m R’m R’m R’m R’m R’m R’m R’m
NOTES 14 15.1 15.2.2 15.2.1 15.2.3
GROUP
Balance as at 30 April 2018 1 498 78 55 (29) 30 871 1 163 2 667
Total comprehensive income - - - 1 - - 154 122 277
Profit for the year - - - - - - 154 122 276
Other comprehensive income - - - 1 - - - - 1
Dividends 25.2 4 - - - - - (45) (43) (84)
Equity-settled share-based payment scheme - Vesting - - - - - (7) - 7 -
Shares purchased from non-controlling shareholders - - - - - - - (6) (6)
Change in ownership - - - (5) - - - (5) (10)
Change in investment in subsidiary - - - - - - - 5 5
Prior period adjustment in subsidiary - - - - - - 1 - 1
Balance as at 30 April 2019 5 498 78 51 (29) 23 981 1 243 2 850
Total comprehensive income - - - (1) - - 164 165 328
Profit for the year - - - - - - 164 165 329
Other comprehensive income - - - (1) - - - - (1)
Dividends 25.2 - - - - - - (48) (54) (102)
Issue of shares 8 - - - - - - - 8
Equity-settled share-based payment scheme - Vesting - - - - - (5) - (3) (8)
Change in ownership - - - 6 - - - (6) -
Movement in treasury shares - - - (54) - 21 - 69 36
Acquisition of subsidiary - - - - - - - 288 288
Recycling of fair value adjustments ** - - - - 29 - (29) - -
Reclassification of reserves - - - (1) - - 1 - -
Prior period adjustment in subsidiary - - - - - - 1 - 1
Balance as at 30 April 2020 13 498 78 1 - 39 1 070 1 702 3 401
COMPANY
Balance as at 30 April 2018 1 498 78 - 386 - (59) - 904
Total comprehensive income - - - - - - 48 - 48
Profit for the year - - - - - - 48 - 48
Other comprehensive income - - - - - - - - -
Dividends 25.2 4 - - - - - (45) - (41)
Balance as at 30 April 2019 5 498 78 - 386 - (55) - 912
Total comprehensive income - - - - 7 - 50 - 57
Profit for the year - - - - - - 50 - 50
Other comprehensive income * - - - - 7 - - - 7
Dividends 25.2 - - - - - (48) - (48)
Issue of shares 8 - - - - - - - 8
Recycling of fair value reserves * - - - - (8) - 8 - -
Balance as at 30 April 2020 13 498 78 - 384 - (45) - 928
* Included is R4 million fair value adjsutment from its share in KLK Landbou sold, which was subsequently also recycled to retained earnings.
** The reserves being recycled relate to the fair value adjustment from the conversion of the investment in Senwes Ltd from an investment in an
associate to an investment in a subsidiary.
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SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 Senwesbel Limited Reg no: 1996/017629/06