Summarised consolidated statement of changes in equity
for the year ended 30 September 2016

2016  
R million  
2015  
R million  
Opening balance 9 172.4   7 883.1  
Net shares issued during the year 28.9   74.9  
Share-based payment expense/(income) 13.9   (2.6)
Share grants exercised (28.8) (75.0)
Share of movement in associate’s and joint venture’s non-distributable reserve 0.9   0.6  
Non-controlling interest realised on disposal of subsidiary –   2.6  
Shares repurchased and cancelled (0.8) –  
Treasury shares disposed 384.2   –  
Transfer from hedging reserve to related assets –   (4.9)
Increase in non-controlling interest on consolidation of Zimbabwe associates –   356.8  
Total comprehensive income for the year 443.6   1 883.1  
Dividends paid (569.8) (946.2)
Closing balance 9 444.5   9 172.4  
Comprising:
Share capital 35.4   36.1  
Capital reserves (121.4) (405.0)
Share premium 250.7   221.9  
Treasury shares (557.9) (827.6)
Share-based payments reserve 185.8   200.7  
Other reserves 51.0   1 061.7  
Foreign currency translation reserve 1 494.9   2 017.8  
Financial instruments hedging reserve 18.8   53.1  
Recognised actuarial losses (1 466.6) (975.6)
Share of non-distributable reserves in associates and joint ventures 3.7   4.5  
Available-for-sale financial assets revaluation reserve –   (38.3)
Other 0.2   0.2  
Retained earnings 9 238.5   8 109.6  
Shareholders’ equity 9 203.5   8 802.4  
Non-controlling interest 241.0   370.0  
Total equity 9 444.5   9 172.4