ArcelorMittal South Africa Annual Report 2009 Group and company statements of changes in equity for the year ended 31 December 2009 Non-distributable reserves Stated capital Rm Treasury share equity reserve Rm Capital redemp- tion reserve Rm Manage- ment share trust reserve Rm Share- based payment reserve Rm Attri- butable reserves of equity- accounted invest- ments Rm Available- for-sale invest- ment reserve Rm Trans- lation of foreign opera- tions reserveRm Cash flow hedge account- ing reserve Rm Retained income Rm Total equity Rm Group Balance at 1 January 2008      37 23 (149) 62 820 62 (7) (54)   19 789  20 583 Total comprehensive income for year (71) 591 (66)     9 381 9 835 Management Share Trust: net treasury share purchases (net of income tax) (58) (58) Share-based payment expense 33 33 Dividend (2 398)   (2 398) Transfer of equity- accounted earnings 317 (317) Balance at 31 December 2008 37 23 (207) 95 1 137 (9) 584 (120)   26 455  27 995 Total comprehensive income for year *171   **(375) 114 (478) (568) Management Share Trust: net treasury share purchases (net of income tax) (12) (12) Share-based payment expense 55 55 Repurchase of shares (3 918) (3 918) Dividend (1 627)  (1 627) Transfer of equity- accounted earnings 118 (118) Balance at 31 December 2009 37    (3 918) 23 (219) 150 1 255 162 209 (6)   24 232   21 925 2009 2008 Dividend per share (cents) - interim 342 - final (declared after statement of financial position date) 365 Total 707 *R130 million relates to equity-accounted **R5 million relates to equity-accounted