| |
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| 17. |
RESERVES |
|
|
|
|
|
| |
|
|
|
|
|
2008 |
2007 |
| |
|
|
|
|
|
R million |
R million |
| |
17.1 |
Composition of reserves |
|
|
|
|
|
| |
|
The Company: |
|
|
|
|
|
| |
|
Retained earnings |
|
|
|
2 255 |
2 353 |
| |
|
Subsidiary companies and joint ventures |
|
|
|
31 102 |
24 653 |
| |
|
Non-distributable reserves: |
|
|
|
|
|
| |
|
Fair value reserve |
|
|
|
6 977 |
5 003 |
| |
|
Other non-distributable reserves |
|
|
|
1 586 |
1 931 |
| |
|
Retained earnings |
|
|
|
22 539 |
17 719 |
| |
|
Associated companies: |
|
|
|
|
|
| |
|
Equity reserves |
|
|
|
25 340 |
20 155 |
| |
|
|
|
|
|
58 697 |
47 161 |
| |
|
Statutory non-distributable reserves included in |
|
|
518 |
464 |
| |
|
Other non-distributable reserves |
|
|
|
11 |
11 |
| |
|
Equity reserves |
|
|
|
507 |
453 |
 |
|
| |
17.2 |
Included in the respective reserves above are reserves arising on exchange rate translation |
| |
|
|
Non- |
|
|
|
|
| |
|
|
distributable |
Equity |
Retained |
2008 |
2007 |
| |
|
|
reserves |
reserves |
earnings |
Total |
Total |
| |
|
|
R million |
R million |
R million |
R million |
R million |
| |
|
Balances at 1 April |
802 |
2 713 |
366 |
3 881 |
(1 154) |
| |
|
Exchange rate adjustments during the year |
370 |
1 685 |
307 |
2 362 |
5 035 |
| |
|
Transfer of equity adjustment |
(5) |
167 |
(162) |
– |
– |
| |
|
Balances at 31 March |
1 167 |
4 565 |
511 |
6 243 |
3 881 |
