Company statement of changes in equity
for the year ended

  Share  
capital and  
premium  
Share-  
based  
payment  
reserve  
Retained  
earnings  
Total  
equity  
  R’000   R’000   R’000   R’000  
Balance at 31 March 2012   17 557 721   399 302   445 479   18 402 502  
Profit for the year   –   –   709 894   709 894  
Recognition of share-based payments   –   132   –   132  
Ordinary dividends   –   –   (702 303)  (702 303) 
Balance at 31 March 2013   17 557 721   399 434   453 070   18 410 225  
Profit for the year   –   –   884 870   884 870  
Ordinary dividends   –   –   (878 433)  (878 433) 
Balance at 31 March 2014   17 557 721   399 434   459 507   18 416 662  

The notes to the company financial statements form an integral part of these company financial statements.

The company’s accounting policies are included with the group’s accounting policies.