129 / 248
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
127
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
3.
FINANCIAL RISKS continued
Capital risk
The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a
going concern in order to provide returns for shareholders and benefits for other stakeholders and to
maintain an optimal capital structure to reduce the cost of capital.
In order to maintain or adjust this capital structure, the Company may issue new shares, adjust the
amount of dividends paid to shareholders, return capital to shareholders or sell assets to reduce debt.
The Group defines capital as capital and reserves and non-current borrowings. The Group is not
subject to externally imposed capital requirements.
There were no changes to the Group’s approach to capital management during the year.