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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

  Audited
year ended
30 June 2014
R’000
  Audited
year ended
30 June 2013
R’000
 
Balance at beginning of the period 1 053 079   913 440  
Issue of share capital 186 743   7 345  
Second Tranche payment (26 744)   -  
Share-based awards reserve 10 765   39 868  
Reduction in share based awards reserve (49 225)   -  
Reduction in contingent shares to be issued (137 258)   (51 282)  
Revaluation of treasury shares issued -   (552)  
Distribution to shareholders (70 178)   (33 219)  
Net profit for the period 153 823   163 570  
Acquisition of businesses -   (4 477)  
Profit attributable to minorities 16 920   22 439  
Distribution to AHL minorities (14 323)   (4 053)  
Balance at end of period 1 123 602   1 053 079  
Afrocentric Investment Corporation Limited Audited Results For The Year Ended 30 June 2014 And Dividend Declaration - - - CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY