ANNUAL REPORT 2008
  FINANCIAL STATEMENTS
 
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GROUP STATEMENT OF CHANGES IN EQUITY
for the year ended 31 December 2008
 
 
      Other components of equity        
  Share
capital
Rm		 Share 
premium 
Rm 		 Foreign
currency
translations
Rm		 Financial
instruments
revaluation
Rm		 Equity-
settled
reserve
Rm		 Retained 
income 
Rm 		 Attributable 
to owners 
of the parent 
Rm 		 Minority 
interest 
Rm 		 Total 
equity 
Rm 
OPENING BALANCE AT
1 JANUARY 2007		 4 5 135  379 24 802 1 798  8 142  27  8 169  
Total comprehensive income     148 (17) 182 1 436  1 749  16  1 765  
Issue of share capital1   23          23    23  
Share placement2   91          91    91  
– issue   640          640    640  
– repurchase   (460)         (460)   (460) 
– expenses   (89)         (89)   (89) 
Transfer to retained income         (16) 16       
Minority share buy-out               (13) (13) 
Special purpose entities now consolidated           7  7    7  
Dividends paid3           (208) (208) (11) (219) 
Prior year dividend in specie reclassification   (3 186)       3 186       
BALANCE AT 31 DECEMBER 2007 4 2 063  527 7 968 6 235  9 804  19  9 823  
Total comprehensive income     437 138 113 3 429  4 117  141  4 258  
Issue of share capital1   31          31    31  
Minority share additional contributions               2  2  
Liquidation dividend from subsidiary           1  1    1  
Net profit on dilution of interest in a subsidiary               (7) (7) 
Dividends paid3           (957) (957) (27) (984) 
BALANCE AT 31 DECEMBER 2008 4 2 094  964 145 1 081 8 708  12 996  128  13 124  
Dividend paid per share (cents) in respect of the 2007 financial year 160                
Dividend paid per share (cents) in respect of the 2008 interim period 175                
Final dividend paid per share (cents) in respect of 2008 financial year 200                
1 Issued to the Kumba Resources Management Share Trust due to options exercised.
2 Repurchase of ten million shares from Anglo South Africa (Pty) Limited on 13 April 2007 at R45,99 per share and the subsequent re-issue of ten million new Exxaro shares at R64 per share. STC on the share repurchase of R57,5 million is included in net profit.
3 The STC on these dividends amount to Rnil million after taking into account STC credits (2007: Rnil).
 
Foreign currency translation reserve
The foreign currency translation reserve comprises all foreign exchange differences arising from the translation of the financial statements of foreign entities that are not integral to the operations of the group.
Financial instruments revaluation reserve
The financial instruments revaluation reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments where the hedged transaction has not yet occurred.
Equity-settled reserve
The equity-settled reserve represents the fair value of services received and settled by equity instruments granted.
 
 
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