Adcock Ingram Integrated Report 2018

ANNUAL FINANCIAL STATEMENTS 106 ADCOCK INGRAM  Integrated Report 2018 Notes to the Company annual financial statements continued 2018 2017 R’000 R’000 G SHARE CAPITAL G.1 AUTHORISED Ordinary share capital 250 000 000 ordinary shares of 10 cents each 25 000 25 000 G.2 ISSUED Ordinary share capital 175 748 048 ordinary shares of 10 cents each 17 574 17 574 G.3 UNISSUED SHARES In terms of the Companies Act, the unissued shares are under the control of the directors. Accordingly, the directors are authorised to allot and issue them on such terms and conditions and at such times as they deem fit but subject to the provisions of the Companies Act. H SHARE PREMIUM Balance 894 653 894 653 I NON-DISTRIBUTABLE RESERVES Share-based payment Other reserve reserves Total R’000 R’000 R’000 Balance at 1 July 2016 289 821 58 710 348 531 Revaluation of available-for-sale asset 9 9 Tax effect of revaluation (2) (2) Share-based expenses transferred from non-distributable reserves (269 000) – (269 000) Balance at 30 June 2017 20 821 58 717 79 538 Revaluation of available-for-sale asset 31 31 Tax effect of revaluation (7) (7) Balance at 30 June 2018 20 821 58 741 79 562 Other reserves represents a fair value adjustment on the Company’s investment in Group Risk Holdings Proprietary Limited and a reserve created on the repurchase and cancellation of the A and B shares in 2016.