| |
|
| |
|
Other components of equity |
|
|
| Note |
Share
capital
Rm |
Foreign
currency
translation
Rm |
Financial
instruments
revaluation
Rm |
Equity-
settled
Rm |
Retirement
employee
obligations
Rm |
| At 31 December 2018 |
| 1 021 |
2 691 |
(32) |
5 534 |
(113) |
| Adjustment on initial application of IFRS 16 Leases, net of tax |
|
|
|
|
| |
| Adjusted balance at 1 January 2019 |
| 1 021 |
2 691 |
(32) |
5 534 |
(113) |
| Total comprehensive (loss)/income |
|
| (785) |
(3) |
10 |
17 |
| – Profit for the year |
|
|
|
|
| |
| – Other comprehensive (loss)/income for the year |
7.7 |
| (785) |
(3) |
10 |
17 |
| Transactions with owners in their capacity as owners |
|
|
|
| (4 483) |
|
| – Dividends paid |
5.6 |
|
|
|
| |
| – Share-based payments movement1 |
|
|
|
| (1 875) |
|
| – Reclassifications within equity2 |
|
|
|
| (2 608) |
|
| Changes in ownership interest |
|
|
|
| (178) |
57 |
| – Recognition of NCI3 |
17.7 |
|
|
|
| |
| – Loss of control of subsidiary4 |
8.6 |
|
|
|
| |
| – Partial disposal of associate classified as
non-current asset held-for-sale5 |
|
|
|
| (178) |
57 |
|
|
|
|
|
|
| |
| At 31 December 2019 |
| 1 021 |
1 906 |
(35) |
883 |
(39) |
| Total comprehensive (loss)/income |
|
| (37) |
(220) |
68 |
18 |
| – Profit for the year |
|
|
|
|
|
|
| – Other comprehensive (loss)/income for the year |
7.7 |
| (37) |
(220) |
68 |
18 |
| Transactions with owners in their capacity as owners |
|
|
|
| 10 |
|
| – Dividends paid |
5.6 |
|
|
|
| |
| – Distributions to NCI share option holders |
|
|
|
|
| |
| – Share-based payments movement |
|
|
|
| 10 |
|
| Changes in ownership interest |
|
|
|
| (58) |
|
| – Deemed disposal of JV6 |
|
|
|
| (58) |
|
| – Acquisition of subsidiaries7 |
8.3 |
|
|
|
| |
| – Recognition of NCI3 |
17.7 |
|
|
|
| |
|
|
|
|
|
|
| |
| At 31 December 2020 |
| 1 021 |
1 869 |
(255) |
903 |
(21) |
|
| |
|
|
| |
|
| |
|
| Financial
asset
FVOCI
revaluation
Rm |
Other
Rm |
Retained
earning
Rm |
| Attributable
to owners
of the parent
Rm |
Non-
controlling
interests
Rm |
| Total
equity
Rm |
| At 31 December 2018 |
(53) |
1 |
32 797 |
| 41 846 |
(701) |
| 41 145 |
| Adjustment on initial application of IFRS 16 Leases, net of tax |
| (12) |
| |
(12)
|
| |
(12) |
| Adjusted balance at 1 January 2019 |
(53) |
1 |
32 785 |
| 41 834 |
(701) |
| 41 133 |
| Total comprehensive (loss)/income |
57 |
3 |
9 809 |
| 9 108 |
251 |
| 9 359 |
| – Profit for the year |
|
| 9 809 |
| 9 809 |
260 |
| 10 069 |
| – Other comprehensive (loss)/income for the year |
57 |
3 |
|
| (701) |
(9) |
| (710) |
| Transactions with owners in their capacity as owners |
|
| (3 204) |
| (7 687) |
|
| (7 687) |
| – Dividends paid |
|
| (5 812) |
| (5 812) |
|
| (5 812) |
| – Share-based payments movement1 |
|
|
|
| (1 875) |
|
| (1 875) |
| – Reclassifications within equity2 |
|
| 2 608 |
|
|
|
| |
| Changes in ownership interest |
|
| (8 358) |
| (8 479) |
8 561 |
| 82 |
| – Recognition of NCI3 |
|
| (8 479) |
| (8 479) |
8 479 |
| |
| – Loss of control of subsidiary4 |
|
|
|
|
| 82 |
| 82 |
| – Partial disposal of associate classified as
non-current asset held-for-sale5 |
|
| 121 |
|
|
|
| |
|
|
|
|
|
|
|
|
| |
| At 31 December 2019 |
4 |
4 |
31 032 |
| 34 776 |
8 111 |
| 42 887 |
| Total comprehensive (loss)/income |
(9) |
| 7 283 |
| 7 103 |
1 872 |
| 8 975 |
| – Profit for the year |
|
| 7 283 |
| 7 283 |
1 943 |
| 9 226 |
| – Other comprehensive (loss)/income for the year |
(9) |
|
|
| (180) |
(71) |
| (251) |
| Transactions with owners in their capacity as owners |
|
| (3 034) |
| (3 024) |
(979) |
| (4 003) |
| – Dividends paid |
|
| (3 034) |
| (3 034) |
(978) |
| (4 012) |
| – Distributions to NCI share option holders |
|
|
|
|
| (1) |
| (1) |
| – Share-based payments movement |
|
|
|
| 10 |
|
| 10 |
| Changes in ownership interest |
|
| (16) |
| (74) |
336 |
| 262 |
| – Deemed disposal of JV6 |
|
| 58 |
|
|
|
| |
| – Acquisition of subsidiaries7 |
|
|
|
|
| 147 |
| 147 |
| – Recognition of NCI3 |
|
| (74) |
| (74) |
189 |
| 115 |
|
|
|
|
|
|
|
|
| |
| At 31 December 2020 |
(5) |
4 |
35 265 |
| 38 781 |
9 340 |
| 48 121 |
| 1 |
2019: Includes an amount of R1 391 million paid to the BEE Parties as a dividend. |
| 2 |
2019: An amount of R2 608 million was reclassified within equity upon the BEE Parties exercising their option subsequent to the settlement of the preference share liability. |
| 3 |
2020: Relates to the recognition of an NCI’s share of Tsitsikamma SPV’s net asset value, amounting to R189 million, upon the exercise of its in-substance share option, amounting to R115 million (cash received). |
| |
2019: Recognition of the NCI’s share of Eyesizwe’s net asset value upon the exercise of the option held by the BEE Parties. |
| 4 |
2019: Derecognition of NCI reserve upon the loss of control of Tumelo. |
| 5 |
2019: Tronox Holdings plc repurchased 14 000 000 Tronox Holdings plc ordinary shares from Exxaro, which resulted in a net reclassification within equity from the retirement employee obligations reserve and equity-settled reserve to retained earnings. |
| 6 |
2020: Relates to a reclassification within equity arising from the Cennergi business combination which requires the pre-existing interest in the equity-accounted investment to be derecognised as a deemed disposal. |
| 7 |
2020: Relates to the recognition of the NCI option holders within the Cennergi group arising from the Cennergi business combination at acquisition (refer note 8.3.2.5). |
FOREIGN CURRENCY TRANSLATION
Arises from the translation of financial statements of foreign operations within the group.
FINANCIAL INSTRUMENTS REVALUATION
Comprises the share of equity-accounted investments’ hedging reserves and the group’s cash flow hedge reserve.
EQUITY-SETTLED
Represents the fair value, net of tax, of services received from employees and settled by equity instruments granted.
RETIREMENT EMPLOYEE OBLIGATIONS
Comprises remeasurements, net of tax, on the retirement employee obligations.
FINANCIAL ASSET FVOCI REVALUATION
Comprises the fair value adjustments, net of tax, on the financial assets classified at FVOCI.
4.3.2 COMPANY STATEMENT OF CHANGES IN EQUITY
|
| |
|
Other components of equity |
|
| |
|
| Note |
Share
capital
Rm |
Foreign
currency
translation
Rm |
Equity-
settled
Rm |
Other
Rm |
Retained
earnings
Rm |
| Total
equity
Rm |
| At 31 December 2018 |
| 11 265 |
(2) |
1 513 |
(572) |
(4 903) |
| 7 301 |
| Adjustment on initial application of IFRS 16 Leases, net of tax |
|
|
|
|
| (1) |
| (1) |
| Adjusted balance at 1 January 2019 |
| 11 265 |
(2) |
1 513 |
(572) |
(4 904) |
| 7 300 |
| Total comprehensive income |
|
| 2 |
|
| 7 356 |
| 7 358 |
| – Profit for the year |
|
|
|
|
| 7 356 |
| 7 356 |
| – Other comprehensive income for the year |
7.7 |
| 2 |
|
|
|
| 2 |
| Transactions with owners of the company |
|
|
| (458) |
572 |
(8 308) |
| (8 194) |
| – Lapse of put option1 |
|
|
|
| 572 |
|
| 572 |
| – Share-based payments movement |
|
|
| (458) |
|
|
| (458) |
| – Dividends paid |
5.6 |
|
|
|
| (8 308) |
| (8 308) |
|
|
|
|
|
|
|
|
| |
| At 31 December 2019 |
| 11 265 |
| 1 055 |
| (5 856) |
| 6 464 |
| Total comprehensive income |
|
|
|
|
| 2 582 |
| 2 582 |
| – Profit for the year |
|
|
|
|
| 2 582 |
| 2 582 |
| Transactions with owners of the company |
|
|
| (2) |
| (4 337) |
| (4 339) |
| – Share-based payments movement |
|
|
| (2) |
|
|
| (2) |
| – Dividends paid |
5.6 |
|
|
|
| (4 337) |
| (4 337) |
|
|
|
|
|
|
|
|
| |
| At 31 December 2020 |
| 11 265 |
| 1 053 |
| (7 611) |
| 4 707 |
1 Exxaro derecognised its obligation to buy back its shares in terms of the put option issued to Eyesizwe which lapsed during 2019. |
