| 31. 31.1 | Prior year adjustments Change in accounting policy The Group has revised its accounting policy in accounting for actuarial gains and losses recognised in terms of IAS 19: Employee Benefits. Previously all actuarial gains and losses on defined-benefit funds were recognised immediately in profit for the year. The Group’s policy is to now recognise actuarial gains and losses in other comprehensive income as incurred in accordance with IAS 19. The effects of the prior year adjustment on the statement of comprehensive income and balance sheet are shown below. IAS 1 requires a third balance sheet to be presented as at the beginning of the earliest comparative period following a change in accounting policy. No third balance sheet has been presented as this change did not affect any balance sheet disclosure. |
| GROUP | ||||
| February 2009 as previously stated Rm |
Change in accounting policy Rm |
February 2009 as restated Rm |
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| Statement of comprehensive income | ||||
| Employee costs | (4 624.0) | 9.0 | (4 615.0) | |
| Profit before tax | 1 734.8 | 9.0 | 1 743.8 | |
| Tax | (568.0) | (2.5) | (570.5) | |
| Profit for the year from continuing operations | 1 166.8 | 6.5 | 1 173.3 | |
| Profit for the year | 1 048.3 | 6.5 | 1 054.8 | |
| Other comprehensive income | (98.8) | (6.5) | (105.3) | |
| Total comprehensive income for the year | 949.5 | — | 949.5 |
| 31.2 | Prior period error
In the 2009 financial year, the Company did not recognise a dividend received from another entity within the Group in error. As intercompany dividends are eliminated on consolidation, the only effect of this error is in the Company. The effects of the prior period error on the statement of comprehensive income and balance sheet are shown below. |
| COMPANY | ||||
| February 2009 as previously stated Rm |
Prior period error Rm |
February 2009 as restated Rm |
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| Statement of comprehensive income | ||||
| Dividends received | 774.2 | 4.5 | 778.7 | |
| Profit before tax | 772.6 | 4.5 | 777.1 | |
| Tax | — | — | — | |
| Profit for the year | 772.6 | 4.5 | 777.1 | |
| Total comprehensive income for the year | 772.6 | 4.5 | 777.1 | |
| Balance sheet | ||||
| Interest in subsidiaries | 257.8 | 4.5 | 262.3 | |
| Accumulated profits | 130.0 | 4.5 | 134.5 |