Condensed consolidated statement of changes
in equity
for the year ended 31 March 2011

  31 March  
2011  
R’m  
31 March  
2010  
R’m  
Balance at beginning of the year 35 634   35 217  
Changes in share capital and premium  
Movement in treasury shares (335)  (1 041) 
Share capital and premium issued 253   433  
Changes in reserves  
Total comprehensive income for the year 7 543   1 308  
Movement in share-based compensation reserve 508   498  
Movement in existing control business combination reserve (63)  (334) 
Direct retained earnings movements (22)  (22) 
Dividends paid to Naspers shareholders (882)  (773) 
Changes in non-controlling interest  
Total comprehensive income for the year 681   597  
Dividends paid to non-controlling shareholders (665)  (311) 
Movement in non-controlling interest in reserves 290   62  
Balance at end of year 42 942   35 634  
Comprising:  
Share capital and premium 14 384   14 466  
Retained earnings 21 179   16 823  
Share-based compensation reserve 2 300   1 573  
Existing control business combination reserve 25   98  
Hedging reserve (297)  (408) 
Valuation reserve 4 256   1 844  
Foreign currency translation reserve (1 185)  (736) 
Non-controlling interest 2 280   1 974  
Total 42 942   35 634