| 20 | NON-DISTRIBUTABLE RESERVES | |||||
| 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 2016 | 405 532 | (14 020) | 3 919 | 210 142 | 22 940 | 628 513 | |||
| Movement during the year, net of tax | (280 175) | 19 732 | – | (171 885) | 4 187 | (428 141) | |||
| Movement for the year | 23 710 | 27 406 | (42 432) | 9 | 8 693 | ||||
| BMT | 2 739 | ||||||||
| Equity Settled | 20 971 | ||||||||
| Share-based expenses transferred to retained earnings | (303 885) | (303 885) | |||||||
| Tax effect of net movement on cash flow hedge and investment | (7 674) | (2) | (7 676) | ||||||
| Actuarial profit on post-retirement medical liability | 511 | 511 | |||||||
| Other comprehensive income recycled to profit or loss | (129 453) | 3 669 | (125 784) | ||||||
| Balance at 30 June 2017 | 125 357 | 5 712 | 3 919 | 38 257 | 27 127 | 200 372 | |||
|---|---|---|---|---|---|---|---|---|---|
| Movement during the year, net of tax | 16 463 | 4 582 | – | 1 800 | 658 | 23 503 | |||
| Movement for the year | 22 749 | 6 364 | – | 1 800 | 31 | 30 944 | |||
| BMT | 323 | ||||||||
| Equity Settled | 22 426 | ||||||||
| Tax effect of net movement on cash flow hedge and investment | (1 782) | (7) | (1 789) | ||||||
| Equity options exercised | (6 286) | – | – | (6 286) | |||||
| Actuarial profit on post-retirement medical liability | 634 | 634 | |||||||
| Balance at 30 June 2018 | 141 820 | 10 294 | 3 919 | 40 057 | 27 785 | 223 875 |
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 scheme. Refer 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; |