Consolidated statement of changes in equity

FOR THE YEAR ENDED 30 JUNE 2005

	Issued		Other
	capital		non-
	and	Equity	distri-	Fair	Distri-	Trea-
	share	accounted	butable	value	butable	sury
R million	premium	reserves	reserves	reserve	reserves	shares	Total

30 June 2005
Balances at
1 July 2004	34	1 142	831	73	5 589	(636)	7 033
Net profit for
the year					1 094		1 094
Dividend paid					(146)		(146)
Exchange rate
adjustments		(2)	403		(24)		377
Change in
reserves
of subsidiary
companies
and
associated
companies		(2)	(1)		(141)		(144)
Income of
associated
companies
retained		319			(319)		–
Transfer
between
reserves		17	(646)	4	625		–
Fair value
adjustments
for the year				129			129
Deferred tax
on fair value
adjustments
for the year				(4)			(4)
Realisation of
fair value
adjustments
of financial
instruments				(135)			(135)
Net shares in
VenFin
acquired
by wholly
owned
subsidiary
and
The VenFin
Share Trust						(308)	(308)
Balances at
30 June 2005	34	1 474	587	67	6 678	(944)	7 896


30 June 2004
Balances at
1 July 2003	34	940	1 767	(100)	5 929	(365)	8 205
Net profit for
the year					432		432
Dividend paid					(123)		(123)
Exchange rate
adjustments		12	(925)		(113)		(1 026)
Change in
reserves
of subsidiary
companies
and
associated
companies		(17)	328		43		354
Income of
associated
companies
retained		352			(352)		–
Transfer
between
reserves		(145)	(339)	(31)	515		–
Fair value
adjustments
for the year				228			228
Deferred tax
on fair value
adjustments
for the year				(4)			(4)
Realisation of
fair value
adjustments
of financial
instruments				(20)			(20)
Net shares in
VenFin
acquired
by wholly
owned
subsidiary
and
The VenFin
Share Trust						(1 013)	(1 013)
Shares in
VenFin
cancelled	–				(742)	742	–
Balances at
30 June 2004	34	1 142	831	73	5 589	(636)	7 033