NVFH 2020 Integrated Annual Report

NVest Financial Holdings Limited and its subsidiaries | (Registration number 2008/015990/06)
Annual Financial Statements for the year ended 29 February 2020
Statement of Changes in Equity [continued]
Figures in Rand
Share
capital
Foreign
currency
translation
reserve
Revaluation
reserve
Share
based
payment
reserve
Other
NDR
Total
reserves
Retained
income
Total
attributable
to equity
holders of
the group /
company
Noncontrolling
interest
Total equity
Company
Balance at 01
March 2018 324,779,200 - - 410,345 - 410,345 (1,378,155) 323,811,390 - 323,811,390
Profit for the
year - - - - - - 50,277,911 50,277,911 - 50,277,911
Total
comprehensive
income for the
year - - - - - - 50,277,911 50,277,911 - 50,277,911
Dividends - - - - - - (34,815,298) (34,815,298) - (34,815,298)
Changes in
ownership
interest - control
not lost - - - - 218,914 218,914 - 218,914 - 218,914
Total
contributions by
and distributions
to owners of
company
recognised
directly in equity - - - - 218,914 218,914 (34,815,298) (34,596,384) - (34,596,384)
Opening
balance as
previously
reported 324,779,200 - - 410,345 218,914 629,259 14,084,458 339,492,917 - 339,492,917
Adjustments
Change in
accounting
policy - - - - - - (3,809,862) (3,809,862) - (3,809,862)
Balance at 01
March 2019 as
restated 324,779,200 - - 410,345 218,914 629,259 10,274,596 335,683,055 - 335,683,055
Profit for the
year - - - - - - 60,411,868 60,411,868 - 60,411,868
Total
comprehensive
income for the
year - - - - - - 60,411,868 60,411,868 - 60,411,868
Issue of shares 1,375,000 - - - - - - 1,375,000 - 1,375,000
Dividends - - - - - - (34,841,548) (34,841,548) - (34,841,548)
Total
contributions by
and distributions
to owners of
company
recognised
directly in equity 1,375,000 - - - - - (34,841,548) (33,466,548) - (33,466,548)
Balance at 29
February 2020
326,154,200 - - 410,345 218,914 629,259 35,844,916 362,628,375 - 362,628,375
Note 17
NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020 81