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Notes to the consolidated annual financial statements |
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for the year ended 30 September |
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|
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|
|
2008 |
2007 |
2006 |
| |
|
|
Rm |
Rm |
Rm |
| 13. |
Share capital and premium |
|
|
|
|
| |
Authorised share capital |
|
|
|
|
| |
500 000 6% non-redeemable cumulative preference shares of R2 each |
|
1 |
1 |
1 |
| |
300 000 000 ordinary shares of 5 cents each |
|
15 |
15 |
15 |
| |
|
|
16 |
16 |
16 |
| |
Issued share capital |
|
|
|
|
| |
375 000 6% non-redeemable cumulative preference shares of R2 each (2007: 375 000) (2006: 375 000) |
|
1 |
1 |
1 |
| |
208 171 343 ordinary shares of 5 cents each (2007: 203 843 388) (2006: 200 715 557) |
|
11 |
10 |
10 |
| |
|
|
12 |
11 |
11 |
| |
Share premium: |
|
230 |
212 |
316 |
| |
Balance at beginning of year |
|
212 |
316 |
1 386 |
| |
Premium on share issues |
|
23 |
139 |
90 |
| |
Adjustment |
|
(5) |
|
|
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Premium utilised for payment of distribution |
|
|
(226) |
|
| |
Premium utilised for PPC unbundling |
|
|
(17) |
|
| |
Premium utilised for share buy-back |
|
|
|
(1 160) |
| |
|
|
|
|
|
| |
Total issued share capital and premium |
|
242 |
223 |
327 |
| |
Issued shares: |
|
|
|
|
| |
Total number of shares in issue at beginning of year |
|
203 843 388 |
200 715 557 |
227 703 176 |
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Issued during the year: |
|
|
|
|
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Share options exercised |
|
1 347 125 |
3 127 831 |
2 249 116 |
| |
Shares issued to the General staff trust in terms of the BEE transaction |
|
2 980 830 |
|
|
| |
Number of shares bought back during the year |
|
|
|
(10 145 835) |
| |
Number of shares cancelled during the year |
|
|
|
(19 090 900) |
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Total number of ordinary shares in issue at end of year, net of buy-back |
|
208 171 343 |
203 843 388 |
200 715 557 |
| |
Other shares issued in respect of BEE transaction |
|
18 707 266 |
|
|
| |
Total number of ordinary shares in issue at end of year, including BEE shares |
|
226 878 609 |
203 843 388 |
200 715 557 |
| |
Treasury shares held in respect of the BEE transaction |
|
(4 222 254) |
|
|
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Net number of ordinary shares in issue at end of year |
|
222 656 355 |
203 843 388 |
200 715 557 |
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Unissued shares: |
|
|
|
|
| |
Ordinary shares reserved to meet the requirements of the Barloworld Share Option Scheme (note 2 below) |
|
20 817 134 |
20 384 339 |
20 071 556 |
| |
Ordinary shares |
|
71 011 523 |
75 772 273 |
79 212 887 |
| |
|
|
91 828 657 |
96 156 612 |
99 284 443 |
| |
6% Non-redeemable cumulative preference shares |
|
125 000 |
125 000 |
125 000 |
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Notes: |
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1. |
The shares bought back in prior years (19 090 900), which were held in a subsidiary company, were sold on 19 May 2006 at market value (R114 per share) to the holding company and cancelled.
Shares bought back in the prior year were acquired by the holding company and cancelled. |
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|
|
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2. |
The members in general meeting on 20 January 2005 reserved shares for the purposes of the Barloworld Share Option Scheme. |
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|
|
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3. |
The directors do not have authority over unissued shares in terms of section 221 of the Companies Act. |
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|
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4. |
Refer note 34 for detail about the Barloworld share incentive schemes and share-based payments disclosure. |
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Review of operations 
