Statements of changes in equity
for the year ended 30 September 2019
| Download (EXCEL) |
| Non-distributable reserves | |||||||||||||||
| (R'million) | Share capital and premium |
Non-distributable reserves |
Other capital reserves |
Available-for-sale financial assets/FVOCI financial asset |
Accumulated profits |
Share-based payment reserve |
Total attributable to owners of the parent |
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| Company | |||||||||||||||
| Balance at 1 October 2017 | 148,5 | 2 918,6 | 19,3 | 2,6 | 6 164,9 | 511,0 | 9 764,9 | ||||||||
| Profit for the year | – | – | – | – | 2 456,4 | – | 2 456,4 | ||||||||
| Other comprehensive income for the year | – | – | – | 4,3 | – | – | 4,3 | ||||||||
| Total comprehensive income | – | – | – | 4,3 | 2 456,4 | – | 2 460,7 | ||||||||
| Repurchase of Tiger Brands shares | (6,5) | – | – | – | – | – | (6,5) | ||||||||
| Share-based payment | – | – | – | – | – | 46,4 | 46,4 | ||||||||
| Dividends on ordinary shares | – | – | – | – | (2 050,0) | – | (2 050,0) | ||||||||
| Balance at 30 September 2018 | 142,0 | 2 918,6 | 19,3 | 6,9 | 6 571,3 | 557,4 | 10 215,5 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit for the year | – | – | – | – | 4 546,0 | – | 4 546,0 | ||||||||
| Other comprehensive loss for the year | – | – | – | (3,3) | – | – | (3,3) | ||||||||
| Total comprehensive (loss)/income | – | – | – | (3,3) | 4 546,0 | – | 4 542,7 | ||||||||
| Share-based payment | – | – | – | – | – | 25,4 | 25,4 | ||||||||
| Dividends on ordinary shares | – | – | – | – | (6 085,7) | – | (6 085,7) | ||||||||
| Total dividends | – | – | – | – | (2 522,4) | – | (2 522,4) | ||||||||
| Dividends in specie | – | – | – | – | (3 563,3) | – | (3,563,3) | ||||||||
| Balance at 30 September 2019 | 142,0 | 2 918,6 | 19,3 | 3,6 | 5 031,6 | 582,8 | 8 697,9 | ||||||||
| Note | 20 | ||||||||||||||
| Non-distributable reserves | |||||||||||||
| (R'million) | Share capital and premium |
Share of net earnings of associates |
Other capital reserves |
Cash flow hedge reserve |
Availablefor- sale financial asset/ FVOCI financial asset |
Foreign currency translation reserve |
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| Group | |||||||||||||
| Balance at 1 October 2017 | 148,5 | 2 361,2 | (3,9) | (5,9) | 92,4 | 596,2 | |||||||
| Profit for the year | – | – | – | – | – | – | |||||||
| Other comprehensive income/(loss) for the year | – | – | – | 22,9 | 8,2 | (163,4) | |||||||
| Total comprehensive income/(loss) | – | – | – | 22,9 | 8,2 | (163,4) | |||||||
| Disposal of subsidiary | – | – | – | – | – | (13,2) | |||||||
| Transfers between reserves | – | 538,1 | – | – | – | – | |||||||
| Share-based payment1 | – | – | – | – | – | – | |||||||
| Dividends on ordinary shares | – | – | – | – | – | – | |||||||
| Total dividends | – | – | – | – | – | – | |||||||
| Less: Dividends on empowerment shares | – | – | – | – | – | – | |||||||
| Sale of shares by empowerment entity2 | – | – | – | – | – | – | |||||||
| Repurchase of Tiger Brands shares3 | (6,5) | – | – | – | – | – | |||||||
| Balance at 30 September 2018 | 142,0 | 2 899,3 | (3,9) | 17,0 | 100,6 | 419,6 | |||||||
| Profit for the year | – | – | – | – | – | – | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other comprehensive income/(loss) for the year | – | – | – | 4,7 | (32,8) | (408,5) | |||||||
| Total comprehensive income/(loss) | – | – | – | 4,7 | (32,8) | (408,5) | |||||||
| Transfers between reserves | – | 79,2 | – | – | – | – | |||||||
| Share-based payment1 | – | – | – | – | – | – | |||||||
| Allocated shares on unbundling of Oceana4 | – | – | – | – | – | – | |||||||
| Dividends on ordinary shares | – | – | – | – | – | – | |||||||
| Total dividends | – | – | – | – | – | – | |||||||
| Dividend in specie5 | – | – | – | – | – | – | |||||||
| Less: Dividends on empowerment shares | – | – | – | – | – | – | |||||||
| Disposal of investment in associate6 | – | – | – | – | – | (188,3) | |||||||
| Sale of empowerment shares2 | – | – | – | – | – | – | |||||||
| Balance at 30 September 2019 | 142,0 | 2 978,5 | (3,9) | 21,7 | 67,8 | (177,2) | |||||||
| Notes | 20 | 14 | |||||||||||
| (R'million) | Accumulated profits |
Shares held by subsidiary and empowerment entities |
Sharebased payment reserve |
Total attributable to owners of the parent |
Noncontrolling interests |
Total equity |
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| Group | |||||||||||||||
| Balance at 1 October 2017 | 15 544,5 | (2 489,2) | 560,0 | 16 803,8 | 257,4 | 17 061,2 | |||||||||
| Profit for the year | 2 401,1 | – | – | 2 401,1 | 30,2 | 2 431,3 | |||||||||
| Other comprehensive income/(loss) for the year | 15,1 | – | – | (117,2) | 8,7 | (108,5) | |||||||||
| Total comprehensive income/(loss) | 2 416,2 | – | – | 2 283,9 | 38,9 | 2 322,8 | |||||||||
| Disposal of subsidiary | – | – | – | (13,2) | (94,5) | (107,7) | |||||||||
| Transfers between reserves | (550,3) | – | 12,2 | – | – | – | |||||||||
| Share-based payment1 | – | – | 39,2 | 39,2 | – | 39,2 | |||||||||
| Dividends on ordinary shares | (1 829,3) | – | – | (1 829,3) | (19,7) | (1 849,0) | |||||||||
| Total dividends | (1 990,2) | – | – | (1 990,2) | (19,7) | (2 009,9) | |||||||||
| Less: Dividends on empowerment shares | 160,9 | – | – | 160,9 | – | 160,9 | |||||||||
| Sale of shares by empowerment entity2 | – | 24,1 | – | 24,1 | (18,9) | 5,2 | |||||||||
| Repurchase of Tiger Brands shares3 | – | – | – | (6,5) | – | (6,5) | |||||||||
| Balance at 30 September 2018 | 15 581,1 | (2 465,1) | 611,4 | 17 302,0 | 163,2 | 17 465,2 | |||||||||
| Profit for the year | 3 863,3 | – | – | 3 863,3 | 27,5 | 3 890,8 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other comprehensive income/(loss) for the year | 39,2 | – | – | (397,4) | (0,2) | (397,6) | |||||||||
| Total comprehensive income/(loss) | 3 902,5 | – | – | 3 465,9 | 27,3 | 3 493,2 | |||||||||
| Transfers between reserves | (74,6) | – | (4,6) | – | – | – | |||||||||
| Share-based payment1 | – | – | 25,4 | 25,4 | – | 25,4 | |||||||||
| Allocated shares on unbundling of Oceana4 | – | 260,1 | – | 260,1 | – | 260,1 | |||||||||
| Dividends on ordinary shares | (5 624,1) | – | – | (5 624,1) | (27,4) | (5 651,5) | |||||||||
| Total dividends | (2 439,1) | – | – | (2 439,1) | (27,4) | (2 466,5) | |||||||||
| Dividend in specie5 | (3 369,2) | – | – | (3 369,2) | – | (3 369,2) | |||||||||
| Less: Dividends on empowerment shares | 184,2 | – | – | 184,2 | – | 184,2 | |||||||||
| Disposal of investment in associate6 | – | – | – | (188,3) | – | (188,3) | |||||||||
| Sale of empowerment shares2 | – | 3,4 | – | 3,4 | – | 3,4 | |||||||||
| Balance at 30 September 2019 | 13 784,9 | (2 201,6) | 632,2 | 15 244,4 | 163,1 | 15 407,5 | |||||||||
| Notes | 21 | 27 |
| 1 | Included in the movement of the share-based payment are options exercised amounting to R32,9 million (2018: R46,5 million). |
| 2 | Relates to the exercising of options vested post the December 2014 lock-in period in terms of the Black Managers Participation Right Scheme (BMT). In the current year, R3,4 million (2018: R10,7 million) related to BMT I and nil to Brimstone SPV (2018: R13,4 million). |
| 3 | Tiger Brands Limited repurchased 2 250 942 of its own shares from BMT II and Brimstone SPV. |
| 4 | Relates to the value of Oceana shares allocated to the BEE entities on the unbundling of Oceana Group Limited (Oceana). |
| 5 | Relates to the non-cash dividend declared to the shareholders of Tiger Brands as part of the unbundling of Oceana. |
| 6 | Relates to release of the previously equity accounted FCTR on Oceana. |