| |
|
|
Share-based
payment
reserve
R’000 |
Cash flow
hedge
accounting
reserve
R’000 |
Capital
redemption
reserve
R’000 |
Foreign
currency
translation
reserve
R’000 |
Legal
reserves
and other
R’000 |
Total
R’000 |
|
|
| |
|
Balance at 1 July 2014 |
376 856 |
(183) |
3 919 |
29 402 |
16 421 |
426 415 |
|
|
| |
|
Movement during the year, net of tax |
16 098 |
77 |
|
62 449 |
(39) |
78 585 |
|
|
| |
|
Movement for the year |
17 333 |
106 |
|
62 449 |
496 |
80 384 |
|
|
| |
|
Tax effect of net movement on cash flow hedge and investment |
|
(29) |
|
|
(93) |
(122) |
|
|
| |
|
Accelerated Mpho ea Bophelo Trust payment |
(1 235) |
|
|
|
|
(1 235) |
|
|
| |
|
Actuarial loss on post-retirement medical liability |
|
|
|
|
(442) |
(442) |
|
|
| |
|
Balance at 30 June 2015 |
392 954 |
(106) |
3 919 |
91 851 |
16 382 |
505 000 |
|
|
| |
|
Movement during the year, net of tax |
12 578 |
(13 914) |
– |
118 291 |
6 558 |
123 513 |
|
|
| |
|
Movement for the year |
39 089 |
(19 325) |
|
118 291 |
(700) |
137 355 |
|
|
| |
|
BMT |
(1 724) |
|
|
|
|
|
|
|
| |
|
Equity-settled |
12 556 |
|
|
|
|
|
|
|
| |
|
Bophelo – one-off call option charge |
20 821 |
|
|
|
|
|
|
|
| |
|
Bophelo – recurring charge |
7 436 |
|
|
|
|
|
|
|
| |
|
Tax effect of net movement on cash flow hedge and investment |
|
5 411 |
|
|
112 |
5 523 |
|
|
| |
|
Accelerated Mpho ea Bophelo Trust payment |
(26 511) |
|
|
|
|
(26 511) |
|
|
| |
|
Actuarial loss on post-retirement medical liability |
|
|
|
|
6 079 |
6 079 |
|
|
| |
|
Profit on sale of shares |
|
|
|
|
1 067 |
1 067 |
|
|
| |
|
Balance at 30 June 2016 |
405 532 |
(14 020) |
3 919 |
210 142 |
22 940 |
628 513 |
|
|
| |
|
Split as follows: |
|
|
|
|
|
|
|
|
| |
|
– Continuing operations |
405 532 |
(14 020) |
3 919 |
61 479 |
26 605 |
483 515 |
|
|
| |
|
– Discontinued operation |
– |
– |
– |
148 663 |
(3 665) |
144 998 |
|
|
| |
|
|
405 532 |
(14 020) |
3 919 |
210 142 |
22 940 |
628 513 |
|
|
Share-based payment reserve
The share-based payment reserve represents the accumulated charge for share options in terms of IFRS 2. The share option plans are equity-settled and include an ordinary equity scheme and the BEE schemes. During the year there was an accelerated payment made to employees in terms of the Bophelo scheme. Refer to
Annexure B.
Cash flow hedge accounting reserve
The cash flow hedge accounting reserve comprises the portion of the cumulative net change in the fair value of derivatives designated as effective cash flow hedging relationships where the hedged item has not yet affected inventory and ultimately cost of sales in the statement of comprehensive income.
Capital redemption reserve
The capital redemption reserve was created as a result of revaluation of shares in subsidiaries.
Foreign currency translation reserve
The foreign currency translation reserve comprises all foreign exchange differences arising from the translation of the financial statements of foreign operations.
Legal reserves and other
This represents:
| – |
an unutilised merger reserve when Premier Pharmaceuticals and Adcock Ingram merged; |
| – |
share issue expenses incurred by Adcock Ingram Healthcare Private Limited (India); |
| – |
actuarial losses on the Group’s post-retirement medical liability; and |
| – |
a fair value adjustment on the Group’s investment in Group Risk Holdings Proprietary Limited (refer to note 13.2). |
|