Pick n Pay Stores Limited and its subsidiaries

Statements of changes in equity

for the year ended 29 February 2012

 

 

Notes 

Share 
capital 
Rm 

Treasury 
shares 
Rm 

Accumulated
profits 
Rm 

Foreign 
currency 
translation
reserve 
Rm 

Total 
Rm 

GROUP 

           

At 1 March 2010 

 

6.0 

(261.2)

2 050.4 

349.4 

2 144.6 

Total comprehensive income for the year 

 

— 

— 

772.4 

(2.1)

770.3 

Profit for the year 

     

784.9 

 

784.9 

Exchange rate differences on translating foreign operations 

       

50.1 

50.1 

Net loss on hedge of net investment in foreign operation 

       

(52.2)

(52.2)

Retirement benefit actuarial loss 

     

(12.5)

 

(12.5)

Transactions with owners 

 

— 

89.2 

(845.3)

— 

(756.1)

Dividends paid 

     

(808.0)

 

(808.0)

Share repurchases 

   

(90.2)

   

(90.2)

Net effect of settlement of employee share options 

   

179.4 

(111.1)

 

68.3 

Share options expense 

     

73.8 

 

73.8 

At 28 February 2011 

 

6.0 

(172.0)

1 977.5 

347.3 

2 158.8 

Total comprehensive income for the year 

 

— 

— 

1 120.8 

(365.6)

755.2 

Profit for the year 

     

1 113.5 

 

1 113.5 

Exchange rate differences on translating foreign operations 

       

224.1 

224.1 

Net loss on hedge of net investment in foreign operation 

       

(49.9)

(49.9)

Foreign currency translation reserve realised on sale of discontinued operation 

     

(539.8)

(539.8)

Retirement benefit actuarial gain 

     

7.3 

 

7.3 

Transactions with owners 

 

— 

29.2 

(539.1)

— 

(509.9)

Dividends paid 

     

(605.4)

 

(605.4)

Share repurchases 

   

(42.7)

   

(42.7)

Net effect of settlement of employee share options 

   

71.9 

(29.4)

 

42.5 

Share options expense 

     

95.7 

 

95.7 

At 29 February 2012 

 

6.0 

(142.8)

2 559.2 

(18.3)

2 404.1 

COMPANY 

           

At 1 March 2010 

 

6.0 

— 

147.9 

— 

153.9 

Total comprehensive income for the year – profit for the year 

 

— 

— 

809.2 

— 

809.2 

Transactions with owners – dividends paid 

 

— 

— 

(825.0)

— 

(825.0)

At 28 February 2011 

 

6.0 

— 

132.1 

— 

138.1 

Total comprehensive income for the year – profit for the year 

 

— 

— 

836.2 

— 

836.2 

Transactions with owners – dividends paid 

 

— 

— 

(614.9)

— 

(614.9)

At 29 February 2012 

 

6.0 

— 

353.4 

— 

359.4