housing - National Housing Finance Corporation
housing - National Housing Finance Corporation
housing - National Housing Finance Corporation
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2006<br />
Ordinary<br />
share<br />
capital<br />
R’000<br />
Share<br />
premium<br />
R’000<br />
Grant<br />
capital<br />
R’000<br />
Secondary<br />
reserves<br />
R’000<br />
Distributable<br />
reserves<br />
R’000<br />
Total<br />
R’000<br />
GROUP<br />
Balance 31 March 2004 842 879 158 200 000 4 185 700 598 1 784 783<br />
Utilisation of secondary reserves — — — (4 185) — (4 185)<br />
Net profit for the year — — — — 65 078 65 078<br />
Balance 31 March 2005 842 879 158 200 000 — 765 676 1 845 676<br />
Operating lease adjustment — — — — (289) (289)<br />
Net profit for the year — — — — 76 901 76 901<br />
Balance at the end of the year 842 879 158 200 000 — 842 288 1 922 288<br />
COMPANY<br />
Balance 31 March 2004 842 879 158 200 000 — 687 924 1 767 924<br />
Net profit for the year — — — — 59 808 59 808<br />
Balance 31 March 2005 842 879 158 200 000 — 747 732 1 827 732<br />
Operating lease adjustment — — — — (289) (289)<br />
Net profit for the year — — — — 72 081 72 081<br />
Balance at the end of the year 842 879 158 200 000 — 819 524 1 899 524<br />
30 NHFC ANNUAL REPORT 2006
Change language