|
|
|
|
| |
| |
|
| |
| Notes to the company
financial statements |
|
| for the year ended
31 March 2006 |
|
|
|
|
 |
|
|
| |
|
| |
| |
| 12. |
Adoption of IFRS |
| |
In line with the group’s
accounting, the company has adopted IFRS
in the preparation of these financial statements.
The only change resulting from the IFRS
adoption is in respect of the recognition
of the profit arising from the restructuring
of the South African group at the time of
the implementation of the Black Economic
Empowerment shareholding transaction.
Under IFRS the full profit of R2 710 million
arising from this transaction is recognised
on transaction date. The effect is therefore
an increase to equity at 31 March 2004 and
the recognition of the redeemable C shares
and group company loan at that date. Previously,
the profit was being recognised on an earn-out
basis. |
|
| |
|
|
|
|
| |
 |
|
|
| |
|
|
 |
| |
|
|
|
| |
|