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Annual Financial Statements 2016

Annual Financial Statements 2016

GROUP FINANCIAL STATEMENTS

COMPANY FINANCIAL STATEMENTS

Group Statement of Changes in Equity
for the year ended 31 March 2016

Rm

Share
capital

Treasury
shares

Other
reserves

Accumu-
lated
loss

Total
equity
holders'
funds

Non-
controlling
interest

Total
equity

At 31 March 2014

5 819

(405)

102

(889)

4 627

210

4 837

Total comprehensive income

–

–

23

249

272

110

382

Profit for the year

–

–

–

253

253

107

360

Other comprehensive income

–

–

23

(4)

19

3

22

Issue of shares

316

–

–

–

316

–

316

Redemption of B preference shares

–

–

(178)

–

(178)

–

(178)

Disposal of treasury shares

–

405

–

–

405

35

440

Purchase of treasury shares

–

(24)

–

–

(24)

–

(24)

Purchase of treasury shares in policyholder assets

–

(142)

–

–

(142)

–

(142)

Issue of shares to management

57

–

–

–

57

–

57

Movement in share-based payment reserve

–

–

17

–

17

–

17

Other movements in non-controlling interest*

–

–

–

–

–

(165)

(165)

At 31 March 2015

6 192

(166)

(36)

(640)

5 350

190

5 540

Total comprehensive income

–

–

174

729

903

166

1 069

Profit for the year

–

–

–

729

729

145

874

Other comprehensive income

–

–

174

–

174

21

195

Issue of shares**

–

–

–

–

–

–

–

Purchase of treasury shares in policyholder assets

–

(15)

–

–

(15)

–

(15)

Movement in share-based payment reserve

–

–

19

–

19

–

19

Dividends paid

–

–

–

(352)

(352)

–

(352)

Other movements in non-controlling interest*

–

–

–

(4)

(4)

(101)

(105)

At 31 March 2016

6 192

(181)

157

(267)

5 901

255

6 156

This amount includes distributions made to non-controlling interests as well as changes due to acquisitions and disposals of equity held by non-controlling interests.
The movement in accumulated loss during the current year relates to the disposal of 20% of the direct shareholding in Alexander Forbes Financial Services (East Africa) Proprietary Limited.

During the year the company issued 39 million shares to the Employee Share Option Plan for 1 cent per share (refer to note 23).