Phuthuma Nathi IAR 2023

Financial review Summary annual financial statements continued Statements of changes in equity for the year ended 31 March 2023 Share capital(1) ZAR’000 Other reserves(2) Retained earnings ZAR’000 Noncontrolling interest ZAR’000 Total equity ZAR’000 Group Balance as at 1 April 2021 17 216 (13 632) 7 950 5 11 539 Pro t for the year – – 7 272 (20) 7 272 Other comprehensive loss – (449) – – (449) Total comprehensive income for the year – (449) 7 272 (20) 6 803 Hedging reserve basis adjustment(3) – 402 – – 402 Share-based compensation movement – (160) 105 – (55) Transactions with non-controlling shareholders(5) – (28) – 15 (13) Dividends declared(4) – – (5 979) – (5 979) Balance at 1 April 2022 17 216 (13 867) 9 348 – 12 697 Pro t for the year – – 4 869 – 4 869 Other comprehensive loss – 1 644 – – 1 644 Total comprehensive income for the year – 1 644 4 869 – 6 513 Hedging reserve basis adjustment(3) – (100) – (100) Share-based compensation movement – (192) 125 – (67) Dividends declared(4) – – (5 979) – (5 979) Balance at 31 March 2023 17 216 (12 515) 8 363 – 13 064 Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 70

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