Integrated Annual Report 2011
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Financial statements
Consolidated financial statements
- Approval of the annual financial
- Certificate by company secretary
- Independent auditors' report to the members of Assore Limited
- Directors' report
- Consolidated statement of financial position
- Consolidated income statement
- Consolidated statement of comprehensive income
- Consolidated statement of cash flow
- Consolidated statement of changes in equity
- Notes to the consolidated financial statements
Company financial statements
- Company statement of financial position
- Company income statement
- Company statement of comprehensive income
- Company statement of cash flow
- Company statement of changes in equity
- Notes to the company financial statements
Consolidated statement of changes in equity
for the year ended 30 June 2011
| 2011 | 2010 | ||
|---|---|---|---|
| Note | R’000 | R’000 | |
| Share capital | |||
| Balance at beginning of year | 698 | 689 | |
| Ordinary shares issued | – | 9 | |
| Balance at end of year | 9 | 698 | 698 |
| Share premium | |||
| Balance at beginning and end of year | 264 092 | 30 358 | |
| Arising on issue of ordinary shares | – | 233 734 | |
| Balance at end of year | 10 | 264 092 | 264 092 |
| Treasury shares | |||
| Balance at beginning of year | (2 359 028) | (2 125 285) | |
| Ordinary shares issued during the year to a subsidiary company | – | (233 743) | |
| 11 | (2 359 028) | (2 359 028) | |
| Retained earnings | |||
| Balance at beginning of year | 9 697 261 | 8 576 752 | |
| Profit for the year | 3 219 754 | 1 479 524 | |
| Ordinary dividends declared during the year | (526 555) | (359 015) | |
| Final dividend No 107 of 240 cents (2010: 200 cents) per share | |||
| – declared on 1 September 2010 | (335 057) | (275 717) | |
| Interim dividend No 108 of 200 cents (2010: 100 cents) per share | |||
| – declared on 16 February 2011 | (279 214) | (139 607) | |
| Less: Dividends attributable to treasury shares | 87 716 | 56 309 | |
| Balance at end of year | 12 390 460 | 9 697 261 | |
| Other reserves | |||
| Balance at beginning of year | 264 420 | 120 715 | |
| Other comprehensive income | 204 882 | 143 705 | |
| Net increase in the market value of available-for-sale investments | 242 336 | 167 095 | |
| Deferred capital gains taxation provided on the revaluation of available-for sale investments to market value | (33 927) | (23 393) | |
| Foreign currency translation loss arising on consolidation | (3 527) | 3 | |
| Balance at end of year | 12 | 469 302 | 264 420 |
| Equity attributable to shareholders of the parent | 10 765 524 | 7 867 443 | |
| Non-controlling interests | 114 287 | 102 035 | |
| Balance at beginning of year | 102 035 | 71 819 | |
| Total comprehensive income – attributable to non-controlling interests | 29 932 | 31 973 | |
| Dividends paid to non-controlling shareholders | (14 153) | (1 760) | |
| Foreign currency (loss)/gain reserve arising on consolidation | (3 527) | 3 | |
| Total equity | 10 879 811 | 7 969 478 |
