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Statement of changes in equity

For the year ended 28 February 2010

 

	Attributable to Altron equity holders
				Premium/
			Foreign	discount on
	Share		currency	minority	Cash flow	Share-based
	capital and	Treasury	translation	equity	hedging	payments
	premium	shares	reserve	transactions	reserve	reserve
	(note 10)	(note 10)	(note 11)	(note 11)	(note 11)	(note 11)
GROUP	R millions	R millions	R millions	R millions	R millions	R millions
Balance at 29 February 2008	2 210	(299)	184	(1 355)	(1)	44
Total comprehensive income for the year
Profit for the year	–	–	–	–	–	–
Other comprehensive income
Foreign currency translation differences for foreign operations	–	–	33	–	–	–
Effective portion of changes in fair value of cash flow hedges	–	–	–	–	(14)	–
Fair value adjustment of joint venture on step acquisition	–	–	–	–	–	–
Fair value adjustment on available-for-sale investments	–	–	–	–	–	–
Change in statutory reserves of foreign subsidiaries	–	–	–	–	–	–
Total other comprehensive income	–	–	33	–	(14)	–
Total comprehensive income for the year	–	–	33	–	(14)	–
Transactions with owners, recorded directly in equity
Contributions by and distributions to owners
Dividends to equity holders	–	–	–	–	–	–
Issue of share capital	18	–	–	–	–	–
Share-based payment transactions	–	–	–	–	–	14
Total contributions by and distributions to owners	18	–	–	–	–	14
Changes in ownership interests in subsidiaries
Net subscription for 22% minority interest in Bytes SA	–	–	–	–	–	–
Minority interest on acquisition of subsidiaries	–	–	–	–	–	–
Subscription by minority shareholders on acquisition of subsidiary	–	–	–	–	–	–
Change in shareholding of subsidiaries	–	–	–	(28)	–	–
Total changes in ownership interests in subsidiaries	–	–	–	(28)	–	–
Total transactions with owners	18	–	–	(28)	–	14
Balance at 28 February 2009	2 228	(299)	217	(1 383)	(15)	58
Total comprehensive income for the year
Profit for the year	–	–	–	–	–	–
Other comprehensive income
Foreign currency translation differences for foreign operations	–	–	(271)	–	–	–
Effective portion of changes in fair value of cash flow hedges	–	–	–	–	8	–
Fair value adjustment on available-for-sale investments	–	–	–	–	–	–
Change in statutory reserves of foreign subsidiaries	–	–	(3)	–	–	–
Release of foreign currency translation surplus on disposal	–	–	(3)	–	–	–
Total other comprehensive income	–	–	(277)	–	8	–
Total comprehensive income for the year	–	–	(277)	–	8	–
Transactions with owners, recorded directly in equity
Contributions by and distributions to owners
Dividends to equity holders	–	–	–	–	–	–
Issue of share capital	8	–	–	12	–	–
Share-based payment transactions	–	–	–	–	–	20
Total contributions by and distributions to owners	8	–	–	12	–	20
Changes in ownership interests in subsidiaries
Change in ownership following subscription
for additional share capital and dilutions	–	–	–	(67)	–	–
Acquisition of minority interests	–	–	–	(4)	–	–
Minority interest on acquisition of subsidiaries	–	–	–	–	–	–
Minority interest on disposal of subsidiaries	–	–	–	–	–	–
Total changes in ownership interests in subsidiaries	–	–	–	(71)	–	–
Total transactions with owners	8	–	–	(59)	–	20
Balance at 28 February 2010	2 236	(299)	(60)	(1 442)	(7)	78
	Attributable to Altron equity holders
	Statutory	Fair value	Retained
	reserves	reserve	earnings		Minority	Total
	(note 11)	(note 11)	(note 11)	Total	interest	equity
GROUP	R millions	R millions	R millions	R millions	R millions	R millions
Balance at 29 February 2008	9	43	3 634	4 469	877	5 346
Total comprehensive income for the year
Profit for the year	–	–	835	835	314	1 149
Other comprehensive income
Foreign currency translation differences for foreign operations	–	–	–	33	5	38
Effective portion of changes in fair value of cash flow hedges	–	–	–	(14)	(1)	(15)
Fair value adjustment of joint venture on step acquisition	–	54	–	54	–	54
Fair value adjustment on available-for-sale investments	–	(18)	–	(18)	–	(18)
Change in statutory reserves of foreign subsidiaries	59	–	(59)	–	–	–
Total other comprehensive income	59	36	(59)	55	4	59
Total comprehensive income for the year	59	36	776	890	318	1 208
Transactions with owners, recorded directly in equity
Contributions by and distributions to owners
Dividends to equity holders	–	–	(490)	(490)	(155)	(645)
Issue of share capital	–	–	–	18	1	19
Share-based payment transactions	–	–	–	14	3	17
Total contributions by and distributions to owners	–	–	(490)	(458)	(151)	(609)
Changes in ownership interests in subsidiaries
Net subscription for 22% minority interest in Bytes SA	–	–	–	–	155	155
Minority interest on acquisition of subsidiaries	–	–	–	–	142	142
Subscription by minority shareholders on acquisition of subsidiary	–	–	–	–	79	79
Change in shareholding of subsidiaries	–	–	–	(28)	7	(21)
Total changes in ownership interests in subsidiaries	–	–	–	(28)	383	355
Total transactions with owners	–	–	(490)	(486)	232	(254)
Balance at 28 February 2009	68	79	3 920	4 873	1 427	6 300
Total comprehensive income for the year
Profit for the year	–	–	543	543	298	841
Other comprehensive income
Foreign currency translation differences for foreign operations	–	–	–	(271)	(161)	(432)
Effective portion of changes in fair value of cash flow hedges	–	–	–	8	–	8
Fair value adjustment on available-for-sale investments	–	(2)	–	(2)	–	(2)
Change in statutory reserves of foreign subsidiaries	27	–	(24)	–	–	–
Release of foreign currency translation surplus on disposal	–	–	–	(3)	–	(3)
Total other comprehensive income	27	(2)	(24)	(268)	(161)	(429)
Total comprehensive income for the year	27	(2)	519	275	137	412
Transactions with owners, recorded directly in equity
Contributions by and distributions to owners
Dividends to equity holders	–	–	(372)	(372)	(166)	(538)
Issue of share capital	–	–	–	20	26	46
Share-based payment transactions	–	–	–	20	3	23
Total contributions by and distributions to owners	–	–	(372)	(332)	(137)	(469)
Changes in ownership interests in subsidiaries
Change in ownership following subscription
for additional share capital and dilutions	–	–	–	(67)	185	118
Acquisition of minority interests	–	–	–	(4)	(2)	(6)
Minority interest on acquisition of subsidiaries	–	–	–	–	1	1
Minority interest on disposal of subsidiaries	–	–	–	–	(1)	(1)
Total changes in ownership interests in subsidiaries	–	–	–	(71)	183	112
Total transactions with owners	–	–	(372)	(403)	46	(357)
Balance at 28 February 2010	95	77	4 067	4 745	1 610	6 355

 

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