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Group Statement of Changes in Equity for the years ended 31 March

Foschini Limited and its subsidiaries

    Share capital Rm   Share premium Rm   Treasury shares Rm   Other reserves Rm   Retained earnings Rm   Minority interest Rm   Total equity Rm  
Equity at 31 March 2005 as previously stated    3,1   498,7   (418,7)   269,7   2 144,0   16,0   2 512,8  
Reclassification of realised loss on sale of treasury shares           64,1       (64,1)       -  
Change in accounting for operating leases (note 28)                   145,0       145,0  
Equity at 31 March 2005 restated   3,1   498,7   (354,6)   269,7   2 224,9   16,0   2 657,8  
Total recognised income and expenses for the year   -   -   -   (3,3)   986,9   22,1   1 005,7  
Unrealised loss on hedging instruments*               (3,3)           (3,3)  
Profit for the year                   986,9   22,1   1 009,0  
Change in degree of control                       74,7   74,7  
Profit on dilution of interest in subsidiary                   189,1       189,1  
Share-based payments reserve movements               19,0           19,0  
Transfer from dividend reserve               (245,3)   245,3       -  
Dividends paid                   (388,8)   (23,9)   (412,7)  
Transfer to dividend reserve               336,6   (336,6)       -  
Proceeds on delivery of shares by share trust                   80,1       80,1  
Delivery of shares by share trust           107,5       (107,5)       -  
Shares purchased by share trust           (256,9)               (256,9)  
Equity at 31 March 2006 restated   3,1   498,7   (504,0)   376,7   2 893,4   88,9   3 356,8  
Total recognised income and expenses for the year   -   -   -   1,3   1 119,2   72,8   1 193,3  
Unrealised gain on hedging instruments*               1,3           1,3  
Profit for the year                   1 119,2   72,8   1 192,0  
Change in degree of control                       71,2   71,2  
Profit on dilution of interest in subsidiary                   112,1       112,1  
Share-based payments reserve movements               19,2           19,2  
Transfer from dividend reserve               (336,6)   336,6       -  
Dividends paid                   (500,6)   (51,6)   (552,2)  
Transfer to dividend reserve               408,8   (408,8)       -  
Proceeds on delivery of shares by share trust                   92,9       92,9  
Delivery of shares by share trust           107,4       (107,4)       -  
Shares purchased by share trust           (288,4)               (288,4)  
Equity at 31 March 2007   3,1   498,7   (685,0)   469,4   3 537,4   181,3   4 004,9  

* Denotes items recognised directly in equity


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