Summary consolidated
statement of Changes
in equity at 31 March 2014
| Share capital and premium |
Share- based pay- ments reserve |
Trans- lation reserve |
Other non- distrib- utable reserves |
Distrib- ution reserve |
Retained earnings |
Attrib- utable to the share- holders of Illovo Sugar Limited |
Non- con- trolling interest |
Total | |
| Rm | Rm | Rm | Rm | Rm | Rm | Rm | Rm | Rm | |
| Balance at 31 March 2012 | 2 489.8 | 13.1 | – | 155.8 | 197.8 | 2 706.1 | 5 562.6 | 902.7 | 6 465.3 |
| Total comprehensive income for the year | – | – | (211.7) | (0.3) | – | 850.3 | 638.3 | 165.4 | 803.7 |
| Profit for the year | 859.9 | 859.9 | 238.6 | 1 098.5 | |||||
| Actuarial losses on post-retirement obligations | (12.9) | (12.9) | (12.9) | ||||||
| Movements in defined benefit pension plans | 3.3 | 3.3 | (5.8) | (2.5) | |||||
| Cash flow hedges | (0.3) | (0.3) | 2.4 | 2.1 | |||||
| Hedge of net investment in foreign subsidiaries | (44.3) | (44.3) | (6.0) | (50.3) | |||||
| Foreign currency translation | (167.4) | (167.4) | (63.8) | (231.2) | |||||
| Issue of share capital | 3.1 | 3.1 | 3.1 | ||||||
| Change in non-controlling shareholding | – | 41.7 | 41.7 | ||||||
| Realised profit on disposal of property transferred to retained earnings | (82.0) | 82.0 | – | – | |||||
| Distributions/dividends paid | (354.4) | (354.4) | (103.6) | (458.0) | |||||
| Transfer to distribution reserve | (437.5) | 437.5 | – | – | |||||
| Transfer of debit foreign currency translation reserve to retained earnings | 211.7 | (211.7) | – | – | |||||
| Release of non-controlling shareholders' transactions to retained earnings | (31.2) | 31.2 | – | – | |||||
| Gain on redemption of preference shares | 118.9 | 118.9 | 118.9 | ||||||
| Balance at 31 March 2013 | 2 055.4 | 13.1 | – | 42.3 | 280.9 | 3 576.8 | 5 968.5 | 1 006.2 | 6 974.7 |
| Total comprehensive income for the year | – | – | (64.9) | (36.5) | – | 923.2 | 821.8 | 227.7 | 1 049.5 |
| Profit for the year | 916.3 | 916.3 | 202.2 | 1 118.5 | |||||
| Actuarial losses on post-retirement obligations | 9.9 | 9.9 | – | 9.9 | |||||
| Movements in defined benefit pension plans | (3.0) | (3.0) | (7.3) | (10.3) | |||||
| Cash flow hedges | (36.5) | (36.5) | (11.7) | (48.2) | |||||
| Hedge of net investment in foreign subsidiaries | (229.9) | (229.9) | (0.2) | (230.1) | |||||
| Foreign currency translation | 165.0 | 165.0 | 44.7 | 209.7 | |||||
| Issue of share capital | 1.3 | 1.3 | 1.3 | ||||||
| Distributions/dividends paid | (451.3) | (451.3) | (105.6) | (556.9) | |||||
| Transfer to distribution reserve | (446.8) | 446.8 | – | – | |||||
| Transfer of debit foreign currency translation reserve to retained earnings | 64.9 | (64.9) | – | – | |||||
| Balance at 31 March 2014 | 1 609.9 | 13.1 | – | 5.8 | 276.4 | 4 435.1 | 6 340.3 | 1 128.3 | 7 468.6 |
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