| |
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.
| |
June 2017
R000 |
|
June 2016
R000 |
|
| Opening balance |
14 597 |
|
13 403 |
| Movement |
(27 623) |
|
(1 491) |
|
| Non-controlling interest |
15 243 |
|
2 685 |
|
| Closing balance |
2 217 |
|
14 597 |
|
For more detailed disclosure on the group’s foreign currency exposure and rates of conversion, refer to note 34 – Financial instruments – Fair values
and risk management.
|