Pick n Pay Holdings Limited and its subsidiaries

Statements of changes in equity

for the year ended 29 February 2012

 

 

Share 
capital 
Rm 

Share 
premium 
Rm 

Treasury 
shares 
Rm 

Accumu- 
lated 
profits 
Rm 

Foreign 
currency 
translation 
reserve 
Rm 

Non- 
controlling 
interest 
Rm 

Total 
Rm 

GROUP 

             

At 1 March 2010 

6.6 

120.8 

(62.8)

881.9 

189.9 

1 007.9 

2 144.3 

Total comprehensive income for the year 

— 

— 

— 

416.9 

(1.2)

353.2 

768.9 

Profit for the year 

     

423.7 

 

359.8 

783.5 

Foreign currency translation differences 

       

27.1 

23.0 

50.1 

Net loss on hedge of net investment in foreign operation 

       

(28.3)

(23.9)

(52.2)

Retirement benefit actuarial loss 

     

(6.8)

 

(5.7)

(12.5)

Transactions with owners 

— 

— 

(14.9)

(408.7)

(1.3)

(331.2)

(756.1)

Dividends paid 

     

(440.6)

   

(440.6)

Dividends paid by subsidiary to non-controlling shareholders 

         

(367.4)

(367.4)

Share repurchases 

   

(30.2)

     

(30.2)

Subsidiary’s share repurchases 

     

(32.4)

 

(27.6)

(60.0)

Net effect of settlement of employee share options 

   

15.3 

     

15.3 

Net effect of settlement of subsidiary’s share options 

     

28.6 

 

24.4 

53.0 

Share options expense 

     

40.0 

 

33.8 

73.8 

Impact of movement in treasury shares 

     

(4.3)

(1.3)

5.6 

— 

At 28 February 2011 

6.6 

120.8 

(77.7)

890.1 

187.4 

1 029.9 

2 157.1 

Total comprehensive income for the year 

— 

— 

— 

602.5 

(197.1)

348.2 

753.6 

Profit for the year 

     

598.6 

 

513.3 

1 111.9 

Exchange rate differences on
translating foreign operations 

       

120.8 

103.3 

224.1 

Net loss on hedge of net investment in foreign operation 

       

(26.9)

(23.0)

(49.9)

Foreign currency translation reserve realised on sale of discontinued operation 

       

(291.0)

(248.8)

(539.8)

Retirement benefit actuarial gain 

     

3.9 

 

3.4 

7.3 

Transactions with owners 

— 

— 

(4.7)

(274.4)

(0.2)

(230.6)

(509.9)

Dividends paid 

     

(328.2)

   

(328.2)

Dividends paid by subsidiary to non-controlling shareholders 

         

(277.2)

(277.2)

Share repurchases 

   

(12.0)

     

(12.0)

Subsidiary’s share repurchases 

     

(16.5)

 

(14.2)

(30.7)

Net effect of settlement of employee share options 

   

7.3 

     

7.3 

Net effect of settlement of subsidiary’s share options 

     

19.0 

 

16.2 

35.2 

Share options expense 

     

51.6 

 

44.1 

95.7 

Impact of movement in treasury shares 

     

(0.3)

(0.2)

0.5 

 

At 29 February 2012 

6.6 

120.8 

(82.4)

1 218.2 

(9.9)

1 147.5 

2 400.8 

COMPANY 

             

At 1 March 2010 

6.6 

120.8 

— 

(0.1)

— 

— 

127.3 

Total comprehensive income
for the year
– profit for the year 

— 

— 

— 

440.6 

— 

— 

440.6 

Transactions with owners – dividends paid 

— 

— 

— 

(440.6)

— 

— 

(440.6)

At 28 February 2011 

6.6 

120.8 

— 

(0.1)

— 

— 

127.3 

Total comprehensive income
for the year
– profit for the year 

— 

— 

— 

327.8 

— 

— 

327.8 

Transactions with owners – dividends paid 

— 

— 

— 

(328.2)

— 

— 

(328.2)

At 29 February 2012 

6.6 

120.8 

— 

(0.5)

— 

— 

126.9