ANNUAL REPORT 2002
   
   
Annual financial statements
 
 
Consolidated
 
 
 
 
   
   
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE TWELVE MONTHS ENDED 30 JUNE 2003
   
 
               
  Issued            
  capital   Other        
  and share Equity
accounted		 non-distributable Fair value Distributable Treasury  
  premium reserves reserves reserve reserves shares Total
  R million R million R million R million R million R million R million
               
               
30 June 2003              
Balances at 1 July 2002 34 1 156 2 693   5 589 (137) 9 335
Cumulative opening balance              
adjustment (AC 133)       899     899
Deferred tax on cumulative              
opening balance adjustments       (91)     (91)
Net profit for the twelve months         593   593
Exchange rate adjustments   (322) (920) (49) (54)   (1 345)
Change in reserves of associated              
companies   (99)         (99)
Income of associated companies              
retained   200     (200)   –
Transfer between reserves   5 (6)   1   –
Fair value adjustments              
for the period (AC 133)       (589)     (589)
Deferred tax on fair value              
adjustments for the period       77     77
Realisation of fair value adjustments              
of financial instruments       (347)     (347)
Shares in VenFin acquired by              
wholly-owned subsidiary           (228) (228)
               
Balances at 30 June 2003 34 940 1 767 (100) 5 929 (365) 8 205
               
               
               
30 June 2002              
Balances at 1 April 2001 34 865 586   5 546   7 031
Net profit for the fifteen months         233   233
Exchange rate adjustments   73 2 107   116   2 296
Change in reserves of              
associated companies   (88)         (88)
Income of associated              
companies retained   314     (314)   –
Transfer between reserves   (8)     8   –
Shares in VenFin acquired by              
wholly-owned subsidiary           (137) (137)
               
Balances at 30 June 2002 34 1 156 2 693   5 589 (137) 9 335
* Profits accounted for as unrealised in previous years, now realised by VenFin with
  redemption of British American Tobacco Plc preference shares.
 
Document last updated:  30 September, 2004        Back to top