MTN Cover page

 

 

Group statement of changes in equity

for the year ended 31 December 2007

    Share   Share   Retained   Other       Minority    
    capital   premium   earnings   reserves   Total   reserves   Total
    Rm   Rm   Rm   Rm   Rm   Rm   Rm

Balance at 31 December 2005   *   14 272   19 495   (14 051)   19 716   3 380   23 096
Net profit       10 610     10 610   1 489   12 099
Transfers between reserves       (5)   5      
Dividends paid       (1 083)     (1 083)   (1 374)   (2 457)
Dividends out of pre-acquisition                            
reserves       (43)     (43)     (43)
Purchase of non-controlling                            
interest         (1 686)   (1 686)   (1 188)   (2 874)
Purchase of controlling interest             1 187   1 187
Issue of share capital   *   9 532       9 532     9 532
Share-based payments reserve         36   36     36
Cash flow hedging reserve         (54)   (54)     (54)
Revaluation of shareholders’ loans         86   86     86
Foreign currency translation                            
differences         1 582   1 582   539   2 121
Balance at 31 December 2006   *   23 804   28 974   (14 082)   38 696   4 033   42 729
Net profit         10 608     10 608   1 308   11 916
Transfers between reserves       113   (113)      
Dividends paid       (1 675)     (1 675)   (1 712)   (3 387)
Disposal of non-controlling interest         179   179   115   294
Purchase of controlling interest             192   192
Issue of share capital   *   60       60     60
Share-based payments reserve         92   92     92
Cash flow hedging reserve         30   30     30
Revaluation of shareholders’ loans         565   565     565
Conversion of shareholders’ loans                            
to preference shares             (192)   (192)
Foreign currency translation                            
differences         (1 240)   (1 240)   443   (797)
Balance at 31 December 2007   *   23 864   38 020   (14 569)   47 315   4 187   51 502
Notes   17   17       18            
*Amounts less than R1 million.