4.3 |
GROUP STATEMENT OF CHANGES IN EQUITY
| |
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 |
Financial
asset
FVOCI
revaluation
Rm |
Other
Rm |
Retained
earnings
Rm |
|
| At 31 December 2017 |
1 021 |
2 520 |
(41) |
5 872 |
(158) |
(74) |
|
1 |
30 962 |
|
| Adjustment on initial application of IFRS 9, net of tax |
|
|
|
|
|
74 |
(74) |
|
(11) |
|
| Adjustment on initial application of IFRS 15, net of tax |
|
|
|
|
|
|
|
|
314 |
|
| Adjusted balance at 1 January 2018 |
1 021 |
2 520 |
(41) |
5 872 |
(158) |
|
(74) |
1 |
31 265 |
|
| Total comprehensive income |
|
171 |
9 |
|
45 |
|
21 |
|
7 030 |
|
| – Profit for the year |
|
|
|
|
|
|
|
|
7 030 |
|
| – Other comprehensive income for the year1 |
|
171 |
9 |
|
45 |
|
21 |
|
|
|
| Transactions with owners of the company |
|
|
|
(338) |
|
|
|
|
(5 483) |
|
| – Dividends paid2 |
|
|
|
|
|
|
|
|
(5 483) |
|
| – Share-based payments movement3 |
|
|
|
(338) |
|
|
|
|
|
|
| Changes in ownership interest |
|
|
|
|
|
|
|
|
(15) |
|
| – Adjustment to NCI |
|
|
|
|
|
|
|
|
(15) |
|
| – Disposal of subsidiary |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At 31 December 2018 |
1 021 |
2 691 |
(32) |
5 534 |
(113) |
|
(53) |
1 |
32 797 |
|
| Adjustment on initial application of IFRS 16, net of tax4 |
|
|
|
|
|
|
|
|
(12) |
|
| Adjusted balance at 1 January 2019 |
1 021 |
2 691 |
(32) |
5 534 |
(113) |
|
(53) |
1 |
32 785 |
|
| Total comprehensive (loss)/income |
|
(785) |
(3) |
10 |
17 |
|
57 |
3 |
9 809 |
|
| – Profit for the year |
|
|
|
|
|
|
|
|
9 809 |
|
| – Other comprehensive (loss)/income for the year1 |
|
(785) |
(3) |
10 |
17 |
|
57 |
3 |
|
|
| Transactions with owners of the company |
|
|
|
(4 483) |
|
|
|
|
(3 204) |
|
| – Dividends paid2 |
|
|
|
|
|
|
|
|
(5 812) |
|
| – Share-based payments movement3 |
|
|
|
(1 875) |
|
|
|
|
|
|
| – Reclassifications within equity5 |
|
|
|
(2 608) |
|
|
|
|
2 608 |
|
| Changes in ownership interest |
|
|
|
(178) |
57 |
|
|
|
(8 358) |
|
| –Recognition of NCI6 |
|
|
|
|
|
|
|
|
(8 479) |
|
| –Loss of control of subsidiary7 |
|
|
|
|
|
|
|
|
|
|
| –Partial disposal of associate classified as non-current asset held-for-sale8 |
|
|
|
(178) |
57 |
|
|
|
121 |
|
|
|
|
|
|
|
|
|
|
|
|
| At 31 December 2019 |
1 021 |
1 906 |
(35) |
883 |
(39) |
|
4 |
4 |
31 032 |
|
| 1 |
Refer note 7.7 for details of the other comprehensive income or loss movements. |
| 2 |
Refer note 5.6 for details of dividends paid. |
| 3 |
The share-based payments movement includes an amount of R1.391 billion (2018: R247 million) paid to the BEE Parties as a dividend. |
| 4 |
Refer note 11.1 for details of the adjustment on initial application of IFRS 16. |
| 5 |
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 |
| 6 |
Recognition of the NCI’s share of Eyesizwe’s net asset value upon the exercise of the option held by the BEE Parties (refer notes 17.2.2 and 17.7). |
| 7 |
Derecognition of NCI reserve upon the loss of control of Tumelo (refer note 8.3). |
| 8 |
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 |
| |
|
|
|
|
|
|
| |
Attributable
to owners
of the
parent
Rm |
Non-
controlling
interests
Rm |
|
|
Total
equity
Rm |
|
| At 31 December 2017 |
40 103 |
(738) |
|
|
39 365 |
|
| Adjustment on initial application of IFRS 9, net of tax |
(11) |
|
|
|
(11) |
|
| Adjustment on initial application of IFRS 15, net of tax |
314 |
|
|
|
314 |
|
| Adjusted balance at 1 January 2018 |
40 406 |
(738) |
|
|
39 668 |
|
| Total comprehensive income |
7 276 |
32 |
|
|
7 308 |
|
| – Profit for the year |
7 030 |
32 |
|
|
7 062 |
|
| – Other comprehensive income for the year1 |
246 |
|
|
|
246 |
|
| Transactions with owners of the company |
(5 821) |
|
|
|
(5 821) |
|
| – Dividends paid2 |
(5 483) |
|
|
|
(5 483) |
|
| – Share-based payments movement3 |
(338) |
|
|
|
(338) |
|
| Changes in ownership interest |
(15) |
5 |
|
|
(10) |
|
| – Adjustment to NCI |
(15) |
15 |
|
|
|
|
| – Disposal of subsidiary |
|
(10) |
|
|
(10) |
|
|
|
|
|
|
|
|
| At 31 December 2018 |
41 846 |
(701) |
|
|
41 145 |
|
| Adjustment on initial application of IFRS 16, net of tax4 |
(12) |
|
|
|
(12) |
|
| Adjusted balance at 1 January 2019 |
41 834 |
(701) |
|
|
41 133 |
|
| Total comprehensive (loss)/income |
9 108 |
251 |
|
|
9 359 |
|
| – Profit for the year |
9 809 |
260 |
|
|
10 069 |
|
| – Other comprehensive (loss)/income for the year1 |
(701) |
(9) |
|
|
(710) |
|
| Transactions with owners of the company |
(7 687) |
|
|
|
(7 687) |
|
| – Dividends paid2 |
(5 812) |
|
|
|
(5 812) |
|
| – Share-based payments movement3 |
(1 875) |
|
|
|
(1 875) |
|
| – Reclassifications within equity5 |
|
|
|
|
|
|
| Changes in ownership interest |
(8 479) |
8 561 |
|
|
82 |
|
| –Recognition of NCI6 |
(8 479) |
8 479 |
|
|
|
|
| –Loss of control of subsidiary7 |
|
82 |
|
|
82 |
|
| –Partial disposal of associate classified as non-current asset held-for-sale8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| At 31 December 2019 |
34 776 |
8 111 |
|
|
42 887 |
|
| 1 |
Refer note 7.7 for details of the other comprehensive income or loss movements. |
| 2 |
Refer note 5.6 for details of dividends paid. |
| 3 |
The share-based payments movement includes an amount of R1.391 billion (2018: R247 million) paid to the BEE Parties as a dividend. |
| 4 |
Refer note 11.1 for details of the adjustment on initial application of IFRS 16. |
| 5 |
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 |
| 6 |
Recognition of the NCI’s share of Eyesizwe’s net asset value upon the exercise of the option held by the BEE Parties (refer notes 17.2.2 and 17.7). |
| 7 |
Derecognition of NCI reserve upon the loss of control of Tumelo (refer note 8.3). |
| 8 |
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).
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