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Statement of changes in equity
for the year ended 30 September 2003
African Bank Investments Limited 98
Group
Share
Nondistributable
Distributable Treasury
capital reserves reserves shares Total
R000 R000 R000 R000 R000
Balance at 30 September 2001 12 858 81 713 2 191 249 (233 596) 2 052 224
Dividends paid – – (132 027) – (132 027)
Cancellation of treasury shares held by subsidiary (429) – (150 197) 150 626 –
ABIL share trust shares issued to employees (cost)
Loss incurred on group employees acquiring
– – – 20 532 20 532
ABIL share trust shares – – – (6 073) (6 073)
Transfer from non-distributable to distributable reserves – (81 713) 81 713 – –
Net income for the year – – 498 866 – 498 866
Balance at 30 September 2002 12 429 – 2 489 604 (68 511) 2 433 522
Dividends paid – – (206 066) – (206 066)
ABIL share trust shares issued to employees (cost)
Loss incurred on group employees acquiring
– – – 37 849 37 849
ABIL share trust shares – – – (11 792) (11 792)
Treasury shares acquired by subsidiary – – – (124 664) (124 664)
Net income for the year – – 659 902 – 659 902
Balance at 30 September 2003 12 429 – 2 943 440 (167 118) 2 788 751
Company
Share
Nondistributable
Distributable Treasury
capital reserves reserves shares Total
R000 R000 R000 R000 R000
Balance at 30 September 2001 12 858 76 397 1 496 794 – 1 586 049
Dividends paid – – (136 803) – (136 803)
Cancellation of treasury shares held by subsidiary (429) – 429 – –
Transfer from non-distributable to distributable reserves – (76 397) 76 397 – –
Net income for the year – – 347 815 – 347 815
Balance at 30 September 2002 12 429 – 1 784 632 – 1 797 061
Dividends paid – – (213 775) – (213 775)
Net income for the year – – 206 606 – 206 606
Balance at 30 September 2003 12 429 – 1 777 463 – 1 789 892