| |
Pick n Pay Group of Companies annual financial statements
Consolidated statement of changes in equity
for the period ended 3 March 2013
| |
|
Share
capital |
Treasury
shares |
Retained
earnings |
Foreign
currency
translation
reserve/
(deficit) |
Total |
| |
Notes |
Rm |
Rm |
Rm |
Rm |
Rm |
Pick n Pay
Stores Group |
|
|
|
|
|
|
| At 1 March 2011 |
|
6.0 |
(172.0) |
1 977.5 |
347.3 |
2 158.8 |
| Total comprehensive income for the period |
|
— |
— |
1 120.8 |
(365.6) |
755.2 |
| Profit for the period |
|
|
|
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 translating foreign operation |
|
|
|
|
(49.9) |
(49.9) |
| Foreign currency translation deficit 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 |
8.1 |
|
|
(605.4) |
|
(605.4) |
| Share repurchases |
21 |
|
(42.7) |
|
|
(42.7) |
| Net effect of settlement of employee share options |
21 |
|
71.9 |
(29.4) |
|
42.5 |
| Share options expense |
4.3 |
|
|
95.7 |
|
95.7 |
|
|
|
|
|
|
|
| At 29 February 2012 |
|
6.0 |
(142.8) |
2 559.2 |
(18.3) |
2 404.1 |
| Total comprehensive income for the period |
|
— |
— |
552.0 |
5.1 |
557.1 |
| Profit for the period |
|
|
|
550.6 |
|
550.6 |
| Exchange rate differences on translating foreign operations |
|
|
|
|
5.1 |
5.1 |
| Retirement benefit actuarial gain |
|
|
|
1.4 |
|
1.4 |
| Transactions with owners |
|
— |
3.4 |
(548.6) |
— |
(545.2) |
| Dividends paid |
8.1 |
|
|
(583.5) |
|
(583.5) |
| Share repurchases |
21 |
|
(77.9) |
|
|
(77.9) |
| Net effect of settlement of employee share options |
21 |
|
81.3 |
(56.4) |
|
24.9 |
| Share options expense |
4.3 |
|
|
91.3 |
|
91.3 |
|
|
|
|
|
|
|
| At 3 March 2013 |
|
6.0 |
(139.4) |
2 562.6 |
(13.2) |
2 416.0 |
| |
|
Share
capital |
Share
premium |
Treasury
shares |
Retained
earnings |
Foreign
currency
translation
reserve/
(deficit) |
|
Attri-
butable
to equity
holders
of the
Company |
Non-
controlling
interest |
Total |
| |
Notes |
Rm |
Rm |
Rm |
Rm |
Rm |
|
Rm |
Rm |
Rm |
| Pick n Pay Holdings Group |
|
|
|
|
|
|
|
|
|
|
| At 1 March 2011 |
|
6.6 |
120.8 |
(77.7) |
890.1 |
187.4 |
|
1 127.2 |
1 029.9 |
2 157.1 |
| Total comprehensive income for the period |
|
— |
— |
— |
602.5 |
(197.1) |
|
405.4 |
348.2 |
753.6 |
| Profit for the period |
|
|
|
|
598.6 |
|
|
598.6 |
513.3 |
1 111.9 |
| Exchange rate differences on translating foreign operations |
|
|
|
|
|
120.8 |
|
120.8 |
103.3 |
224.1 |
| Net loss on hedge of net investment in translating foreign operation |
|
|
|
|
|
(26.9) |
|
(26.9) |
(23.0) |
(49.9) |
| Foreign currency translation deficit realised on sale of discontinued operation |
|
|
|
|
|
(291.0) |
|
(291.0) |
(248.8) |
(539.8) |
| Retirement benefit actuarial gain |
|
|
|
|
3.9 |
|
|
3.9 |
3.4 |
7.3 |
| Transactions with owners |
|
— |
— |
(4.7) |
(274.4) |
(0.2) |
|
(279.3) |
(230.6) |
(509.9) |
| Dividends paid |
8.1 |
|
|
|
(328.2) |
|
|
(328.2) |
(277.2) |
(605.4) |
| Share repurchases |
21 |
|
|
(12.0) |
(16.5) |
|
|
(28.5) |
(14.2) |
(42.7) |
| Net effect of settlement of employee share options |
21 |
|
|
7.3 |
19.0 |
|
|
26.3 |
16.2 |
42.5 |
| Share options expense |
4.3 |
|
|
|
51.6 |
|
|
51.6 |
44.1 |
95.7 |
| Movement in treasury shares |
|
|
|
|
(0.3) |
(0.2) |
|
(0.5) |
0.5 |
— |
|
|
|
|
|
|
|
|
|
|
|
| At 29 February 2012 |
|
6.6 |
120.8 |
(82.4) |
1 218.2 |
(9.9) |
|
1 253.3 |
1 147.5 |
2 400.8 |
| Total comprehensive income for the period |
|
— |
— |
— |
295.3 |
2.7 |
|
298.0 |
257.2 |
555.2 |
| Profit for the period |
|
|
|
|
294.5 |
|
|
294.5 |
254.2 |
548.7 |
| Exchange rate differences on translating foreign operations |
|
|
|
|
|
2.7 |
|
2.7 |
2.4 |
5.1 |
| Retirement benefit actuarial gain |
|
|
|
|
0.8 |
|
|
0.8 |
0.6 |
1.4 |
| Transactions with owners |
|
— |
— |
(6.9) |
(291.1) |
0.1 |
|
(297.9) |
(247.3) |
(545.2) |
| Dividends paid |
8.1 |
|
|
|
(315.0) |
|
|
(315.0) |
(268.5) |
(583.5) |
| Share repurchases |
21 |
|
|
(10.5) |
(31.4) |
|
|
(41.9) |
(36.0) |
(77.9) |
| Net effect of settlement of employee share options |
21 |
|
|
3.6 |
9.8 |
|
|
13.4 |
11.5 |
24.9 |
| Share options expense |
4.3 |
|
|
|
49.1 |
|
|
49.1 |
42.2 |
91.3 |
| Movement in treasury shares |
|
|
|
|
(3.6) |
0.1 |
|
(3.5) |
3.5 |
— |
|
|
|
|
|
|
|
|
|
|
|
| At 3 March 2013 |
|
6.6 |
120.8 |
(89.3) |
1 222.4 |
(7.1) |
|
1 253.4 |
1 157.4 |
2 410.8 |
|
