Statements of changes in equity continued 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 Company Balance as at 1 April 2021 16 875 – – – 16 875 Pro t for the year – – 6 000 – 6 000 Other comprehensive income – – – – – Total comprehensive income for the year – – 6 000 – 6 000 Dividends paid(4) – – (6 000) – (6 000) Balance at 1 April 2022 16 875 – – – 16 875 Pro t for the year – – 6 000 – 6 000 Other comprehensive loss – – – – – Total comprehensive income for the year – – 6 000 – 6 000 Dividends paid(4) – – (6 000) – (6 000) Balance at 31 March 2023 16 875 – – – 16 875 (1) Share capital includes share premium. (2) Other reserves include the hedging reserve, fair value reserve, share-based payment reserve, existing control business combination reserve and foreign currency translation reserve. (3) Relates to the basis adjustment (net of tax gains of ZAR3m (FY22: ZAR120m tax gains) on programme and lm right assets as content comes into licence. (4) Relates to dividends declared and paid to MultiChoice Group Limited (ZAR4.5bn) and Phuthuma Nathi Investments (RF) Limited (ZAR1.5bn). (5) In March 2022, the group acquired the remaining 49% of shares in SuperSport Schools Proprietary Limited which is now 100% owned by the group. The accompanying notes are an integral part of the summary consolidated and separate nancial statements. Overview Introduction Understanding Phuthuma Nathi Understanding MultiChoice SA MultiChoice SA performance Financial review Corporate governance review Shareholder information Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 71
RkJQdWJsaXNoZXIy MTAwNDEy