Corporate information    Operational review     Annual financial statements    Additional information    Annual general meeting  
  
 
2004  Annual Report  
 
Site tools
 

Annual financial statements
Group statement of changes in shareholders’ equity

for the year ended 31 December

 
 

 

 
Reserves† 
Other†† 
 
not 
Foreign 
non- 
Ordinary 
Ordinary 
available 
currency 
distri- 
 
Number of 
share 
share 
for 
translation 
butable 
 
ordinary 
capital 
premium 
distribution 
reserve 
reserves 
 
shares 
Rm 
Rm 
Rm 
Rm 
Rm 
Balance at 31 December 2002
270 577 653 
271 
4 536 
97 
(28)
147 
Shares issued for options exercised under the Nedcor Group
(1994) Employee Incentive Scheme
4 079 105 
4 
377 
Shares sold by subsidiary
97 667 
(111)
Preference shares issued by Nedbank Limited
Share issue expenses
(1)
Preference share dividend paid
Loss attributable to shareholders
Transfer from/(to) reserves
266 
(40)
Release of reserves previously not available*
(357)
Foreign currency translation differences
(181)
Dividends to shareholders
Release of AC133 available for sale reserve
Acquisition of subsidiaries
Other
  
  
  
  
  
  
Balance at 31 December 2003
274 754 425 
275 
4 801 
6 
(209)
107 
Shares issued for options exercised under the Nedcor Group
(1994) Employee Incentive Scheme
2 766 258 
3 
168 
Shares issued in terms of rights offer
114 481 010 
114 
5 037 
Other share issues
2 209 697 
2 
102 
Share issue expenses
(215)
Shares held by subsidiary
(240 000)
(1)
Preference share dividend paid
Preference share cumulative dividend
Income attributable to shareholders
Transfer from/(to) reserves
98 
39 
Release of reserves previously not available*
(48)
Foreign currency translation differences
(57)
Dividends to shareholders
Fair value adjustments to AC133 available for sale reserve
Acquisition of subsidiaries
Other
22 
Balance at 31 December 2004
393 971 390 
394 
9 892 
56 
(266)
168 
             
 
Total 
Preference 
Minority 
 
AC133 
Other 
ordinary 
share 
interest 
Total 
 
available- 
distri- 
share- 
capital 
attributable 
share- 
 
for-sale 
 butable 
holders’ 
and 
to ordinary 
 holders’ 
 
reserve 
reserves 
equity 
premium 
shareholders 
equity 
 
Rm 
Rm 
Rm 
Rm 
Rm 
Rm 
Balance at 31 December 2002
15 
9 914 
14 952 
1 987 
503 
17 442 
Shares issued for options exercised under the Nedcor Group
(1994) Employee Incentive Scheme
381 
381 
Shares sold by subsidiary
(111)
(111)
Preference shares issued by Nedbank Limited
– 
825 
825 
Share issue expenses
(1)
(10)
(11)
Preference share dividend paid
– 
(133)
(133)
Loss attributable to shareholders
(1 600)
(1 600)
133 
133 
(1 334)
Transfer from/(to) reserves
(226)
– 
– 
Release of reserves previously not available*
(357)
(357)
Foreign currency translation differences
(181)
(181)
Dividends to shareholders
(1 395)
(1 395)
(1 395)
Release of AC133 available for sale reserve
(15)
(15)
(15)
Acquisition of subsidiaries
– 
36 
36 
Other

 
(26)
(26)
  
(20)
(46)
Balance at 31 December 2003
– 
6 667 
11 647 
2 802 
652 
15 101 
Shares issued for options exercised under the Nedcor Group
 
(1994) Employee Incentive Scheme
171 
171 
Shares issued in terms of rights offer
5 151 
 5 151 
Other share issues
104 
104 
Share issue expenses
(215)
(215)
Shares held by subsidiary
(1)
(1)
Preference share dividend paid
– 
(229)
(229)
Preference share cumulative dividend
– 
(32)
(32)
Income attributable to shareholders
974 
974 
229 
135 
1 338 
Transfer from/(to) reserves
(137)
– 
– 
Release of reserves previously not available*
(48)
(48)
Foreign currency translation differences
(57)
(57)
Dividends to shareholders
(269)
(269)
(15)
(284)
Fair value adjustments to AC133 available for sale reserve
621 
621 
621 
Acquisition of subsidiaries
– 
(38)
(38)
Other
(5)
17 
(13)
4 
Balance at 31 December 2004
621 
7 230 
18 095 
2 770 
721 
21 586 
* Release of reserves previously not available relates to the difference between the market price and the exercise price of options granted to employees that were exercised in the current year.
† Represents the non-distributable provision for vested share options issued under the Nedcor Group (1994) Employee Incentive Scheme.
†† Represents mainly other non-distributable revaluation surplus on capital items.
††† Represents the accumulated profits after distributions to shareholders and appropriations of retained earnings to other non-distributable reserves.