ArcelorMittal South Africa 2007 Annual Report Page 124
25. RECONCILIATION OF CHANGES IN EQUITY
Stated
capital
Rm
Capital
redemption
reserve
Rm
Management
share trust
Rm
GROUP
Balance at 1 January 2006
6 389
23
(76)
As previously stated
6 389
23
(76)
Restatement (note 2.5.1)
Total recognised income and expense for the year
Profit for the year
Currency translation differences
Effect of cash flow hedge accounting (net of income tax)
Management share trust: net treasury share purchases
(30)
Share option charge: IFRS 2
Dividend
Transfer of equity accounted earnings
Balance at 31 December 2006 (Restated)
6 389
23
(106)
Total recognised income and expense for the year
Profit for the year
Currency translation differences
Gains on available-for-sale investment
Effect of cash flow hedge accounting (net of income tax)
Management share trust: net treasury share purchases (net of income tax)
(43)
Share options charge: IFRS 2
Dividend
Capital reduction
(6 352)
Transfer of equity accounted earnings
Balance at 31 December 2007
37
23
(149)
Notes to the group and company annual financial statements continued
for the year ended 31 December 2007
