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Accounting policy
An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.
Ordinary shares are classified as equity.
Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.
| 2 000 000 000 ordinary shares with no par value |
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| Balance at the beginning of the year |
911 063 687 |
| 913 372 6581 |
| Shares acquired during the year |
(1 955 484) |
| (15 072 808) |
| Shares sold during the year2 |
9 251 973 |
| 15 386 804 |
| Shares forfeited during the year3 |
(5 266 850) |
| (2 622 967) |
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| 913 093 326 |
| 911 063 6871 |
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| Total number of shares in issue |
913 655 874 |
| 913 655 874 |
| Treasury shares |
(562 548) |
| (2 592 187) |
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| 1 |
The prior year opening and closing balances have been restated to exclude shares owned by subsidiary and associate companies. Treasury shares of 24 633 979 and 36 223 771 have been excluded from the opening and closing balances respectively. |
| 2 |
Shares sold to subsidiaries and associates in relation to the Blue Label Telecoms Group Forfeitable Share Scheme. |
| 3 |
Purchase of shares that have been forfeited by subsidiaries and associates in relation to the Blue Label Telecoms Group Forfeitable Share Scheme. |
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| 913 655 874 (2021: 913 655 874) ordinary shares |
7 686 524 |
| 7 686 524 |
| Treasury shares |
(25 292) |
| (46 362) |
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| 7 661 232 |
| 7 640 162 |
All shares issued are fully paid up.
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| Number of shares acquired during the year |
1 955 484 |
| 15 072 808 |
| Average price paid for shares acquired (rand) |
6.48 |
| 3.06 |
| Amount paid to acquire shares (R'000) |
12 665 |
| 46 924 |
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