The foreign currency translation reserve arises from the conversion of foreign operations from their functional currencies to South African Rand on consolidation. Refer to note 4 — Subsidiaries and note 6 — Investment in joint ventures.
| |
GROUP
June 2016
R000 |
|
GROUP
June 2015
R000 |
|
| Opening balance |
13 403 |
|
8 074 |
|
| Movement |
(1 491) |
|
5 329 |
|
| Non-controlling interests |
2 685 |
|
|
|
| Closing balance |
14 597 |
|
13 403 |
|
For more detailed disclosure on the group’s foreign currency exposure and rates of conversion. Refer to note 35 — Financial instruments — Fair values and risk management. |