AUDITED SUMMARISED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Download (EXCEL)
      Other reserves 
   Stated
capital
Rm
 
Foreign
currency
translation
reserve
Rm
 
Available-
for-sale
financial
asset
Rm
 
Hedging
reserve
Rm
 
Equity
compensation
reserve
Rm
 
  
Balance at 31 March 2015 (unaudited) (1 141) 625  84  –  232    
Dividends declared  –  –  –  –  –    
IFRS 2 charges  –  –  –  –  23    
Non-controlling interest recognised following investment in subsidiary  –  –  –  –  –    
Put option recognised on non-controlling shareholder investment in PPC Barnet DRC Holdings  –  –  –  –  –    
Shares purchased in terms of FSP incentive scheme treated as treasury shares  (24) –  –  –  –    
Total comprehensive income/(loss) –  409  (3) 27  –    
Transactions with non-controlling shareholders recognised directly in equity  –  –  –  –  –    
Transfer to retained profit  –  –  –  –    
Balance at 30 September 2015 (audited) (1 165) 1 034  81  27  260    
Dividends declared  –  –  –  –  –    
IFRS 2 charges  –  –  –  –  31    
Issuance of shares to fund an additional investment in Safika Cement  26  –  –  –  –    
Total comprehensive income/(loss) –  211  (67) –    
Transactions with non-controlling shareholders recognised directly in equity  –  –  –  –  –    
Vesting of FSP incentive scheme awards  26  –  –  –  (26)   
Balance at 31 March 2016 (audited) (1 113) 1 245  14  34  265    
Acquisition of 3Q settled via the issue of shares (refer note 20) 135            
Dividends declared              
IFRS 2 charges          245    
Increase in stated capital from issuance of shares following rights issue (net of transaction costs) 3 805            
Proceeds from sale of nil paid letters by consolidated BBBEE entities          137    
Sale of shares, treated as treasury shares, by consolidated BBBEE entity  37            
Shares issued to strategic black partners through the modification of the company’s first BBBEE transaction(a) 1 041            
Shares purchased in terms of FSP incentive scheme treated as treasury shares  (74)           
Total comprehensive (loss)/income    (354)   (34)     
Vesting of shares held by certain BEE 1 entities  88        (88)   
Balance at 31 March 2017 (audited) 3 919  891  14    559    

   Retained
profit
Rm
 
Equity
attributable to
shareholders
of PPC Ltd
Rm
 
Non-controlling
interests
Rm
 
Total
equity
Rm
 
  
Balance at 31 March 2015 (unaudited) 2 123  1 923  757  2 680    
Dividends declared  (129) (129) (7) (136)   
IFRS 2 charges  –  23  –  23    
Non-controlling interest recognised following investment in subsidiary  –  –  134  134    
Put option recognised on non-controlling shareholder investment in PPC Barnet DRC Holdings  –  –  (422) (422)   
Shares purchased in terms of FSP incentive scheme treated as treasury shares  –  (24) –  (24)   
Total comprehensive income/(loss) 424  857  52  909    
Transactions with non-controlling shareholders recognised directly in equity  (7) (7) –    
Transfer to retained profit  (5) –  –  –    
Balance at 30 September 2015 (audited) 2 406  2 643  521  3 164    
Dividends declared  (185) (185) –  (185)   
IFRS 2 charges  –  31  –  31    
Issuance of shares to fund an additional investment in Safika Cement  –  26  –  26    
Total comprehensive income/(loss) 369  520  528    
Transactions with non-controlling shareholders recognised directly in equity  (7) (7) (1)   
Vesting of FSP incentive scheme awards  –  –  –  –    
Balance at 31 March 2016 (audited) 2 583  3 028  535  3 563    
Acquisition of 3Q settled via the issue of shares (refer note 20)   135    135    
Dividends declared  (8) (8)   (8)   
IFRS 2 charges    245    245    
Increase in stated capital from issuance of shares following rights issue (net of transaction costs)   3 805    3 805    
Proceeds from sale of nil paid letters by consolidated BBBEE entities    137    137    
Sale of shares, treated as treasury shares, by consolidated BBBEE entity    37    37    
Shares issued to strategic black partners through the modification of the company’s first BBBEE transaction(a)   1 041    1 041    
Shares purchased in terms of FSP incentive scheme treated as treasury shares    (74)   (74)   
Total comprehensive (loss)/income  93  (295) (201) (496)   
Vesting of shares held by certain BEE 1 entities            
Balance at 31 March 2017 (audited) 2 668  8 051  334  8 385    
(a) In 2008 PPC announced its first broad-based black economic transaction for a period of eight years, which resulted in an effective BBBEE ownership of 15,29%. In terms of the transaction agreements, the 48 557 982 PPC shares held by the strategic black partners (including community service groups) (SBPs and CSGs) were repurchased by PPC at R0,10 per share and the SBPs and CSGs were required to subscribe for new PPC shares at R66,84 per share, subject to their funding position. The SBPs and CSGs subscribed for 15 571 174 new PPC ordinary shares in December 2016.