Notes to the annual financial statements
FOR THE YEAR ENDED 31 MARCH 2010
| « Note 18 | Note 20 » |
19. |
Reserves |
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| 19.1 | Composition of reserves | |||||
| 2010 R million |
2009 R million |
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| The Company: | ||||||
| Retained earnings | 4 817 | 159 | ||||
| Subsidiary companies and joint ventures | 25 543 | 29 523 | ||||
| Fair value reserve | 4 589 | 3 389 | ||||
| Other reserves | 409 | 314 | ||||
| Retained earnings | 20 545 | 25 820 | ||||
| Associated companies: | ||||||
| Equity reserves | 9 477 | 8 642 | ||||
| 39 837 | 38 324 | |||||
| Statutory non-distributable reserves included in other reserves | 6 | 11 | ||||
| 19.2 | Included in the respective reserves above are reserves arising on exchange rate translation | |||||
| Other reserves R million |
Retained earnings R million |
2010 Total R million |
2009 Total R million |
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| Balances at 1 April | 23 | (58) | (35) | 6 243 | ||
| Exchange rate adjustments during the year | (155) | (1 061) | (1 216) | (436) | ||
| Transfer of equity adjustment | 5 | (5) | – | – | ||
| Realised to the income statement | (11) | – | (11) | (5 842) | ||
| Balances at 31 March | (138) | (1 124) | (1 262) | (35) | ||