bold spirit - ArcelorMittal South Africa
bold spirit - ArcelorMittal South Africa
bold spirit - ArcelorMittal South Africa
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133<br />
<strong>ArcelorMittal</strong> <strong>South</strong> <strong>Africa</strong><br />
Annual Report 2010<br />
Group statements of changes in equity<br />
for the year ended 31 December 2010<br />
Stated<br />
capital<br />
Rm<br />
Treasury<br />
share equity<br />
reserve 1<br />
Rm<br />
Management<br />
Share Trust<br />
reserve 2<br />
Rm<br />
Sharebased<br />
payment<br />
reserve 3<br />
Rm<br />
Reserves<br />
Attributable<br />
reserves<br />
of equityaccounted<br />
investments<br />
Rm<br />
Other<br />
reserve 4<br />
Rm<br />
Cash flow<br />
hedge<br />
accounting<br />
reserve 5<br />
Rm<br />
Retained<br />
income<br />
Rm<br />
Group<br />
Balance at 1 January 2009 37 (207) 95 1 137 598 (120) 26 455 27 995<br />
Total comprehensive<br />
income/(loss) for the year *(204) 114 (478) (568)<br />
Management Share Trust:<br />
net treasury share<br />
purchases (net of<br />
income tax) (12) (12)<br />
Share-based payment<br />
expense 55 55<br />
Repurchase of shares (3 918) (3 918)<br />
Dividend (1 627) (1 627)<br />
Transfer of equity-accounted<br />
earnings 118 (118)<br />
Balance at<br />
31 December 2009 37 (3 918) (219) 150 1 255 394 (6) 24 232 21 925<br />
Total comprehensive<br />
income for year **(96) 6 1 345 1 255<br />
Management Share Trust:<br />
net treasury share<br />
purchases (net of<br />
income tax) (54) (54)<br />
Share-based payment<br />
expense 32 32<br />
Dividend (602) (602)<br />
Transfer of equity-accounted<br />
earnings (19) 19<br />
Balance at<br />
31 December 2010 37 (3 918) (273) 182 1 236 298 24 994 22 556<br />
Total<br />
equity<br />
Rm<br />
Dividends per share (cents)<br />
– Interim 150<br />
– Final (declared after statement of financial position date)<br />
* R135 million relates to equity-accounted investments.<br />
** R75 million relates to equity-accounted investments.<br />
2010 2009
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