Pick n Pay Logo Annual Report 2008
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Statements of changes in equity
 
for the year ended 28 February 2009
 
 
Pick n Pay Stores Limited and its subsidiaries
 
    Notes    Share 
capital 
Rm 
Share 
premium 
Rm 
Equity 
element 
of con- 
vertible 
deben- 
tures 
Rm 
Treasury 
shares 
Rm 
Share- 
based 
payment 
reserve 
Rm 
Accumu- 
lated 
profits 
Rm 
Foreign 
currency 
trans- 
lation 
reserve 
Rm 
   
Total  
Rm  
  GROUP                        
  At 1 March 2007 – as previously stated     6.1  26.0  16.0  (630.2) 68.0  1 342.4  187.1    1 015.4    
  Changes in accounting policy 31.2              (51.6)     (51.6)   
  Reclassifications 31.3            (68.0) 68.0  (18.8)   (18.8)   
  At 1 March 2007 – as restated     6.1  26.0  16.0  (630.2) —  1 358.8  168.3    945.0    
  Total recognised income and expense for the year     —  —  —  —  —  933.4  206.1    1 139.5    
  Profit for the year*               933.4      933.4    
  Gains and losses recognised directly in equity:                        
  Foreign currency translation*                 206.1    206.1    
  Dividends paid 7              (614.9)     (614.9)   
  Issue of share capital     0.2  95.7  (16.0)           79.9    
  Share repurchases 20.1          (299.6)         (299.6)   
  Net effect of settlement of employee                        
  share options 20.1          115.5    (69.7)     45.8    
  Share options expense* 4.3              45.2      45.2    
  At 29 February 2008     6.3  121.7  —  (814.3) —  1 652.8  374.4    1 340.9    
  Total recognised income and expense for the year               1 048.3  (98.8)   949.5    
  Profit for the year               1 048.3      1 048.3    
  Gains and losses recognised directly in equity:                        
  Foreign currency translation                 (98.8)   (98.8)   
  Dividends paid 7              (717.8)     (717.8)   
  Share repurchases 20.1          (21.6)         (21.6)   
  Net effect of settlement of employee share options 20.1          92.3    (6.9)     85.4    
  Share options expense 4.3              59.1      59.1    
  At 28 February 2009     6.3  121.7  —  (743.6) —  2 035.5  275.6    1 695.5    
  COMPANY                        
  At 1 March 2007     6.1  26.0  16.0  —  —  141.4  —    189.5    
  Total recognised income and expense for the year                        
  Profit for the year               666.8      666.8    
  Dividends paid 7              (672.6)     (672.6)   
  Issue of share capital     0.2  95.7  (16.0)           79.9    
  At 29 February 2008     6.3  121.7  —  —  —  135.6  —    263.6    
  Total recognised income and expense for the year                        
  Profit for the year               772.6      772.6    
  Dividends paid 7              (778.2)     (778.2)   
  At 28 February 2009     6.3  121.7  —  —  —  130.0  —    258.0    
* Please refer to note 31 for details of the restatement of prior year figures.
     
 
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