Blue Label Telecoms Integrated Annual Report 2017

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BLUE LABEL INTEGRATED ANNUAL REPORT 2017
Group statement of changes in equity
Notes
Share
capital
R’000
Share
premium
R’000
Treasury
shares
R’000
Retained
earnings
R’000
Balance as at 31 May 2015 * 4 012 359 (68 471) 2 622 558
Net profit for the year — — — 691 590
Other comprehensive income — — — —
Total comprehensive income — — — 691 590
Treasury shares purchased 6 — — (23 052) —
Equity compensation benefit scheme shares vested — — 21 676 —
Equity compensation benefit movement — — — —
Share of equity movement in associates — — — —
Dividends paid — — — (209 098)
Balance as at 31 May 2016 * 4 012 359 (69 847) 3 105 050
Net profit for the year — — — 786 965
Other comprehensive income — — — —
Total comprehensive income — — — 786 965
Treasury shares purchased 6 — — (7 381) —
Equity compensation benefit scheme shares vested — — 18 740 —
Equity compensation benefit movement — — — —
Transaction with non-controlling interest reserve
movement — — — —
Non-controlling interest acquired — — — —
Dividends paid — — — (242 823)
Balance as at 31 May 2017 * 4 012 359 (58 488) 3 649 192
* Less than R1 000.
1 The restructuring reserve arose as a result of the restatement of Group comparatives, as required in terms of the principles of predecessor
accounting. This reserve represents the difference between the fair value of the entities under the Group’s control and their respective net
asset values, as at the assumed restructure date of 1 June 2006.
2 The non-distributable reserve arose as a result of BLT’s share of share premium issued by associate companies pre-2010.
3 The transactions with non-controlling interest reserve relates to the excess payments over the carrying amounts arising on transactions with
non-controlling shareholders as these are treated as equity participants.
4 This relates to the Group’s movement in equity compensation benefit (refer to note 5.2) as well as the Group’s share of the movement in
equity compensation benefit of associate companies (refer to note 2.1).
For the year ended 31 May 2017