Statements of Changes in Equity

  • Group
  • Company
  • For the year ended 31 March

        Group
                           
        Share capital Share premium Treasury shares Accumulated profits Share-based payment reserves¹ Non-distributable reserve: Share buy-back reserve² Non-distributable reserve: Other³ Attributable  to equity holders Non-controlling interests Total equity
                           
        R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000
                           
    2018                    
    Balance at 31 March 2017   226   299,307   (143,937)   2,838,594   54,044   (289,909)   304,863   3,063,188   474,851   3,538,039
    Profit for the year   -     -     -     513,176   -     -     -     513,176   171,157   684,333
    Other comprehensive income for the year   -     -     -     -     -     -     23,607   23,607   1,291   24,898
    Transactions with owners recorded directly in equity:   -     -     15,006   (1,497,511)   (19,318)   -     8,218   (1,493,605)   (235,812)   (1,729,417)
    Cash dividend paid (note 9)   -     -     -     (326,207)   -     -     -     (326,207)   (247,891)   (574,098)
    Distribution in specie (note 9)   -     -     -     (1,198,780)   -     -     -     (1,198,780)   (32,902)   (1,231,682)
    Disposal of Sandown Capital Limited shares (net of taxation)⁴   -     -     3,158   24,305   -     -     -     27,463   -     27,463
    Share-based payments (note 29.2.6)   -     -     -     -     52,874   -     -     52,874   -     52,874
    Disposal of participating treasury shares (note 23)   -     -     117,273   -     -     -     -     117,273   -     117,273
    2015 deferred remuneration scheme 2 settlement (note 29.2.2)   -     -     -     (7,944)   (72,192)   -     -     (80,136)   -     (80,136)
    Acquisition of participating treasury shares (note 23)   -     -     (97,470)   -     -     -     -     (97,470)   -     (97,470)
    Repurchase of treasury shares (note 23)   -     -     (7,955)   -     -     -     -     (7,955)   -     (7,955)
    Repurchase and cancellation of shares of a subsidiary (notes 24 and 35)   -     -     -     11,115   -     -     8,218   19,333   (111,841)   (92,508)
    Disposal of investment in subsidiary company   -     -     -     -     -     -     -     -     (708)   (708)
    Subscription of shares in new subsidiary  (note 34.2)     -     -     -     -     -     -     -     -     24,108   24,108
    Additional subscription of shares in subsidiary (note 34.1)   -     -     -     -     -     -     -     -     133,422   133,422
                           
    Balance at 31 March 2018   226   299,307   (128,931)   1,854,259   34,726   (289,909)   336,688   2,106,366   411,487   2,517,853
                           
    For the year ended 31 March
     
        Group
                           
        Share capital Share premium Treasury shares Accumulated profits Share-based payment reserves¹ Non-distributable reserve: Share buy-back reserve² Non-distributable reserve: Other³ Attributable  to equity holders Non-controlling interests Total equity
                           
        R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000
                           
    2017                    
    Balance at 31 March 2016   226   299,307   (168,089)   2,699,237   100,782   (289,909)   586,206   3,227,760   547,774   3,775,534
    Profit for the year   -     -     -     501,850   -     -     -     501,850   201,097   702,947
    Other comprehensive income for the year   -     -     -     -     -     -     (293,426)   (293,426)   (40,924)   (334,350)
    Transactions with owners recorded directly in equity:   -     -     24,152   (362,493)   (46,738)   -     12,083   (372,996)   (233,096)   (606,092)
    Cash dividend paid (note 9)   -     -     -     (316,538)   -     -     -     (316,538)   (192,401)   (508,939)
    Share-based payments (note 29.2.6)   -     -     -     -     17,793   -     -     17,793   -     17,793
    Disposal of participating treasury shares (note 23)   -     -     107,070   -     -     -     -     107,070   -     107,070
    2013 deferred remuneration scheme 1 settlement (note 29.2.1)   -     -     -     (42,614)   (64,531)   -     -     (107,145)   -     (107,145)
    Acquisition of participating treasury shares (note 23)   -     -     (82,918)   -     -     -     -     (82,918)   -     (82,918)
    Repurchase and cancellation of shares of a subsidiary (notes 24 and 35)   -     -     -     (3,341)   -     -     12,083   8,742   (44,646)   (35,904)
    Subscription of shares in new subsidiary  (note 34.2)     -     -     -     -     -     -     -     -     451   451
    Additional subscription of shares in subsidiary (note 34.1)   -     -     -     -     -     -     -     -     3,500   3,500
                           
    Balance at 31 March 2017   226   299,307   (143,937)   2,838,594   54,044   (289,909)   304,863   3,063,188   474,851   3,538,039

    1. Represents the fair value of equity settled options granted in terms of the Group’s share-based compensation and deferred remuneration schemes (note 29.2).

    2. Following the restructure of its BEE shareholdings, Peregrine repurchased from Nala PGR SA Holdings Proprietary Limited 28.5 million Peregrine Holdings Limited ("Peregrine") shares for an aggregate purchase price of R295 million, following which such shares were cancelled.

    3. Refer to note 24 for a breakdown of the categories of other non-distributable reserves.

    4. As a result of the restructure and unbundling (note 12.2), as fully detailed in the Circular to Peregrine shareholders issued on Tuesday, 14 November 2017 ("Restructure and Unbundling Circular"), the Group received 10 484 314 Sandown Capital Limited ("Sandown Capital") shares as a result of 10 484 314 Peregrine shares (which shares were held as treasury shares) held by the Group at the unbundling record date. On the 29 March 2018, the Group entered into an off-market transaction whereby it sold 10 484 314 Sandown Capital shares at R3.40 per share. The tax effect amounted to R8 million.

  • For the year ended 31 March

      Company
            
      Share capital Share premiumAccumulated profitsNon-distributable reserve: Share buy-back reserve¹Non-distributable reserve: Other²Total equity
            
      R’000R’000R’000R’000R’000R’000
            
    2018      
    Balance at 31 March 2017  226   299,307   1,044,512   (289,909)  39,936   1,094,072
    Total comprehensive income for the year  -     -     1,502,796   -     -     1,502,796
    Transactions with owners recorded directly in equity:  -     -     (1,549,182)  -     -     (1,549,182)
    Dividends paid (note 9)   -     -     (350,402)  -     -     (350,402)
    Distribution in specie (note 9)   -     -     (1,198,780)  -     -     (1,198,780)
            
    Balance at 31 March 2018  226   299,307   998,126   (289,909)  39,936   1,047,686
            
    2017      
    Balance at 31 March 2016  226   299,307   955,513   (289,909)  39,936   1,005,073
    Total comprehensive income for the year  -     -     439,401   -     -     439,401
    Transactions with owners recorded directly in equity:  -     -     (350,402)  -     -     (350,402)
    Dividends paid (note 9)  -     -     (350,402)  -     -     (350,402)
            
    Balance at 31 March 2017  226   299,307   1,044,512   (289,909)  39,936   1,094,072

    1. Following the restructure of its BEE shareholdings, Peregrine repurchased from Nala 28.5 million Peregrine shares for an aggregate purchase price of R295 million, following which such shares were cancelled.

    2. Refer to note 24 for a breakdown of the categories of other non-distributable reserves.