Rm Share capital Share premium Other reserves Retained profit Equity attributable to owners of the parent Non-controlling interests Total
Balance as at December 2012  2.2  752.1  323.3  3,662.1  4,739.7  175.6  4,915.3
Total comprehensive income - -  61.5  1,283.0  1,344.5  59.1  1,403.6
- Profit for the year - - -  1,283.0  1,283.0  59.1  1,342.1
- Other comprehensive income for the year - -  61.5 -  61.5 -  61.5
Dividends declared (note 11) - - -  (913.4)  (913.4) -  (913.4)
Net changes in non-controlling interests2 - -  3.8 -  3.8  (7.2)  (3.4)
Distribution to non-controlling interests3 - - - - -  (30.9)  (30.9)
Share-based payment expense (note 23) - -  129.0 -  129.0 -  129.0
Share trust net consideration (note 29) - - -  (121.8)  (121.8) -  (121.8)
Treasury shares (notes 22 and 23) -  (8.8) - -  (8.8) -  (8.8)
Balance as at December 2013  2.2  743.3  517.6  3,909.9  5,173.0  196.6  5,369.6
Total comprehensive income - -  (64.5)  1,079.8  1,015.3  57.6  1,072.9
- Profit for the year - - -  1,079.8  1,079.8  57.6  1,137.4
- Other comprehensive income for the year - -  (64.5) -  (64.5) -  (64.5)
Dividends declared (note 11) - - -  (914.0)  (914.0) -  (914.0)
Acquisitions of non-controlling interests2 - -  (27.6) -  (27.6)  (11.0)  (38.6)
Distribution to non-controlling interests 3 - - - - -  (50.4)  (50.4)
Share-based payment expense (note 23) - -  125.1 -  125.1 -  125.1
Share trust net consideration (note 29) - - -  (27.4)  (27.4) -  (27.4)
Treasury shares (notes 22 and 23) -  (9.9)  (0.1) -  (10.0) -  (10.0)
Balance as at December 2014  2.2  733.4  550.5  4,048.3  5,334.4  192.8  1.0  5,527.2
1The non-controlling interests at year end comprise store managers’ holdings in the Masscash division.
2Acquisitions of non-controlling interests comprise the acquisition of the remaining 49% non-controlling interest of Makro Logistics Services by Masswarehouse for R28.1 million. The remaining acquisitions occurred within the Masscash division. In the prior year net changes in non-controlling interests represent the acquisitions of non-controlling interest by the Masscash division.
3Distribution to non-controlling interests comprise dividends paid to non-controlling shareholders during the year.