Attributable to owner of the company          
  Share
capital1
Rm
Equity
reserve2
Rm
Cash flow
hedge
reserve3
Rm
Available-
for-sale
reserve4
Rm
Unrealised
fair value
reserve5
Rm
Insurance
reserve6
Rm
Foreign
currency
translation
reserve7
Rm
Accu-
mulated
profit8
Rm
Total
Rm
Non-
controlling
interest1
Rm
Total
equity
Rm
 
Group                        
Balance at 31 March 2012 30 520 1 712 290 (2 251) 90 66 72 676 103 103 103 103  
Profit for the year 5 183 5 183 5 183  
Other comprehensive income/(loss), net of tax 1 436 31 (49) (565) 853 853  
Transfers between reserves (189) (1 397) (90) 1 676  
Balance at 31 March 2013 30 520 2 959 321 (3 648) 17 78 970 109 139 109 139  
Profit for the year 7 089 7 089 7 089  
Other comprehensive income/(loss), net of tax 3 219 (271) (23) 631 3 556 3 556  
Transfers between reserves (4 096) 4 096  
Balance at 31 March 2014 30 520 6 178 50 (7 744) (6) 90 786 119 784 119 784  
Company                        
Balance at 31 March 2012 30 520 1 712 291 (2 251) 68 681 98 953 98 953  
Profit for the year 5 773 5 773 5 773  
Other comprehensive income/(loss), net of tax 1 436 31 (551) 916 916  
Transfers between reserves (189) (1 397) 1 586  
Balance at 31 March 2013 30 520 2 959 322 (3 648) 75 489 105 642 105 642  
Profit for the year 5 424 5 424 5 424  
Other comprehensive income/(loss), net of tax 3 219 (271) 657 3 605 3 605  
Transfers between reserves (4 096) 4 096  
Balance at 31 March 2014 30 520 6 178 51 (7 744) 85 666 114 671 114 671  

Dividends proposed

No dividend has been proposed in the current or prior year.

There are no restrictions on the distribution of dividends.

1. Nominal amount.
2. The equity reserve comprises the day-one gain on initial recognition of the subordinated loan from the shareholder. Refer to note 24.
3. The cash flow hedge reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments (forward exchange contracts, interest rate and cross-currency swaps) related to hedged transactions. The cross-currency swaps hedge interest and foreign exchange rate risk of the future interest payments and principal repayments on bonds and loans (denominated in US dollar, euro and yen).
4. The available-for-sale reserve comprises the cumulative net change in the fair value of available-for-sale financial assets until the investments are derecognised.
5. The cumulative net change in the fair value of financial instruments that have not been designated as cash flow hedging instruments is recognised in profit or loss. The unrealised portion of the net change in fair value is not distributable and has been reallocated from a distributable reserve (accumulated profit) to a non-distributable reserve.
6. The insurance reserve is a contingency reserve created in terms of the Short-term Insurance Act.
7. The foreign currency translation reserve comprises exchange differences resulting from the translation of the results and financial position of foreign operations.
8. Accumulated profit is the amount of cumulative profit retained in the business after tax.