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Report of the audit committee
Statement of directors’ responsibilities
Certificate by the company secretary
Report of the independent auditors
Directors’ report
Group income statement
Group statement of comprehensive income
Group balance sheet
Group statement of changes in equity
Group cash flow statement
Notes to the Group financial statements
Company income statement
Company statement of comprehensive income
Company balance sheet
Company statement of changes in equity
Company cash flow statement
Notes to the company financial statements
Annexure 1

Company statement of changes in equity

for the year ended 31 December 2009

      Share   Share   Retained          
      capital   premium   earnings   Reserves   Total  
      Rm   Rm   Rm   Rm   Rm  
  Balance at 1 January 2008   *   23 864   23   95   23 982  
  Share-based payments reserve         6   6  
  Shares issued during the year   *   41       41  
  Comprehensive income       2 587     2 587  
  Dividend paid       (2 536)     (2 536)  
  Balance at 31 December 2008   *   23 905   74   101   24 080  
  Balance at 1 January 2009   *   23 905   74   101   24 080  
  Shares issued during the year   *   20 392       20 392  
  Newshelf share buy-back       (21 226)     (21 226)  
  Newshelf fair value movement in shares       (4 369)     (4 369)  
  Share-based payments reserve         7   7  
  Comprehensive income       8 231     8 231  
  Dividend paid       (3 382)     (3 382)  
  Balance at 31 December 2009   *   44 297   (20 672)   108   23 733  

The notes on pages 156 to 161 are an integral part of these financial statements.

*Amounts less than R1 million.