CONDENSED GROUP STATEMENT OF CHANGES IN EQUITY

Download (EXCEL)

 

      Other components of equity              
   Share 
capital 
Rm 		 Foreign 
currency 
translation 
Rm 		 Financial 
instruments 
revaluation 
Rm 		 Equity- 
settled 
Rm 		 Retirement 
employee 
obligations 
Rm 		 Available-for- 
sale 
revaluation 
Rm 		  
At 31 December 2017 (Audited) 1 021  2 520  (41) 5 872  (158) (74)  
Adjustment on initial application of IFRS 9, net of tax                 74   
Adjustment on initial application of IFRS 15, net of tax                     
Adjusted balance at 1 January 2018  1 021  2 520  (41) 5 872  (158)     
Total comprehensive income     171  9     45      
– Profit for the year                     
– Other comprehensive income for the year     171  9     45      
Transactions with owners of the company           (338)        
– Dividends paid1                     
– Share-based payments movement2           (338)        
Changes in ownership interest                     
– Adjustment to NCI                     
– Disposal of subsidiary                     
At 31 December 2018 (Audited) 1 021  2 691  (32) 5 534  (113)     
Adjustment on initial application of IFRS 16, net of tax3                     
Adjusted balance at 1 January 2019  1 021  2 691  (32) 5 534  (113)     
Total comprehensive (loss)/income     (785) (3) 10  17      
– Profit for the year                     
– Other comprehensive (loss)/income for the year     (785) (3) 10  17      
Transactions with owners of the company           (4 483)        
– Dividends paid1                     
– Share-based payments movement2           (1 875)        
– Reclassifications within equity4           (2 608)        
Changes in ownership interest           (178) 57      
–Recognition of NCI5                     
–Loss of control of subsidiary6                     
–Partial disposal of associate classified as non-current asset held-for-sale7                    
            (178) 57      
At 31 December 2019 (Reviewed) 1 021  1 906  (35) 883  (39)     

 

                       
   Financial 
asset 
FVOCI 
revaluation 
Rm 		 Other 
Rm 		 Retained 
earnings 
Rm 		 Attributable 
to owners 
of the 
parent 
Rm 		 Non- 
controlling 
interests 
Rm 		 Total 
equity 
Rm 		   
At 31 December 2017 (Audited)    1  30 962  40 103  (738) 39 365    
Adjustment on initial application of IFRS 9, net of tax  (74)    (11) (11)    (11)   
Adjustment on initial application of IFRS 15, net of tax        314  314     314    
Adjusted balance at 1 January 2018  (74) 1  31 265  40 406  (738) 39 668    
Total comprehensive income  21     7 030  7 276  32  7 308    
– Profit for the year        7 030  7 030  32  7 062    
– Other comprehensive income for the year  21        246     246    
Transactions with owners of the company        (5 483) (5 821)    (5 821)   
– Dividends paid1        (5 483) (5 483)    (5 483)   
– Share-based payments movement2           (338)    (338)   
Changes in ownership interest        (15) (15) 5  (10)   
– Adjustment to NCI        (15) (15) 15       
– Disposal of subsidiary              (10) (10)   
At 31 December 2018 (Audited) (53) 1  32 797  41 846  (701) 41 145    
Adjustment on initial application of IFRS 16, net of tax3        (12) (12)    (12)   
Adjusted balance at 1 January 2019  (53) 1  32 785  41 834  (701) 41 133    
Total comprehensive (loss)/income  57  3  9 809  9 108  251  9 359    
– Profit for the year        9 809  9 809  260  10 069    
– Other comprehensive (loss)/income for the year  57  3     (701) (9) (710)   
Transactions with owners of the company        (3 204) (7 687)    (7 687)   
– Dividends paid1        (5 812) (5 812)    (5 812)   
– Share-based payments movement2           (1 875)    (1 875)   
– Reclassifications within equity4        2 608             
Changes in ownership interest        (8 358) (8 479) 8 561  82    
–Recognition of NCI5        (8 479) (8 479) 8 479       
–Loss of control of subsidiary6              82  82    
–Partial disposal of associate classified as non-current asset held-for-sale7                     
       121          
At 31 December 2019 (Reviewed) 4  4  31 032  34 776   8 111   42 887    
1 Refer note 11 for details of the dividends paid.
2 The share-based payments movement includes an amount of R1.391 billion (2018: R247 million) paid to the BEE Parties as a dividend.
3 Refer note 4 for details of the adjustment on initial application of IFRS 16.
4 An amount of R2.608 billion was reclassified within equity upon the BEE Parties exercising their option subsequent to the settlement of the preference share liability.
5 Recognition of the NCI's share of Eyesizwe's consolidated net asset value upon the exercise of the option held by the BEE Parties as they are now true equity holders.
6 Derecognition of NCI reserve upon the loss of control of Tumelo.
7 Tronox Holdings plc repurchased 14 000 000 Tronox Holdings plc ordinary shares from Exxaro which resulted in a net reclassification within equity from the retirement employee obligations reserve and equity-settled reserve to retained earnings.

Foreign currency translation

Arises from the translation of the financial statements of foreign operations within the group.

Financial instruments revaluation

Comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments where the hedged transaction has not yet occurred.

Equity-settled

Represents the fair value, net of tax, of services received from employees and settled by equity instruments granted as well as the fair value of the potential benefit to be obtained by the BEE Parties in relation to the Replacement BEE Transaction.

Retirement employee obligations

Comprises remeasurements, net of tax, on the retirement employee obligations.

Available-for-sale revaluation

Comprises the fair value adjustments, net of tax, on the available-for-sale financial assets (Pre IFRS 9).

Financial asset FVOCI revaluation

Comprises the fair value adjustments, net of tax, on the financial assets classified at FVOCI (Post IFRS 9).