Zurich - Statement of changes in equity

Zurich Insurance Company
South Africa Annual Report 2010

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» Statement of changes in equity

for the year ended 31 December 2010

				Share-based
	Share	Share	Revaluation	payment	Translation
	capital	premium	reserve	reserve	reserve
	R’000	R’000	R’000	R’000	R’000
Group
Balance at 31 December 2008	3,045	1,605	201,040	145,227	(22,763)
Movement through the statement of comprehensive income	-	-	7,565	-	-
Dividends paid	-	-	-	-	-
Transfer (from)/to statutory contingency reserve	-	-	-	-	-
Translation of foreign subsidiaries	-	-	-	-	(8,899)
Share-based payment reserve	-	-	-	(145,227)	-
Non-controlling interest	-	-	-	-	-
Balance at 31 December 2009	3,045	1,605	208,605	-	(31,662)
Movement through the statement of comprehensive income	-	-	85,336	-	(5,246)
Transfer (from)/to statutory contingency reserve	-	-	-	-	-
Non-controlling interest	-	-	-	-	-
Balance at 31 December 2010	3,045	1,605	293,941	-	(36,908)


	Statutory			Non-
	contingency	Retained		controlling
	reserve	profit	Total	interest	Total equity
	R’000	R’000	R’000	R’000	R’000
Group
Balance at 31 December 2008	425,059	1100,249	1853,462	3,362	1856,824
Movement through the statement of comprehensive income	-	(184,565)	(177,000)	-	(177,000)
Dividends paid	-	(17,142)	(17,142)	-	(17,142)
Transfer (from)/to statutory contingency reserve	(10,885)	10,885	-	-	-
Translation of foreign subsidiaries	-	8,899	-	-	-
Share-based payment reserve	-	145,227	-	-	-
Non-controlling interest	-	-	-	(503)	(503)
Balance at 31 December 2009	414,174	1,063,553	1,659,320	2,859	1,662,179
Movement through the statement of comprehensive income	-	144,417	224,507	-	224,507
Transfer (from)/to statutory contingency reserve	(38,809)	38,809	-	-	-
Non-controlling interest	-	-	-	(2,859)	(2,859)
Balance at 31 December 2010	375,365	1,246,779	1,883,827	-	1,883,827

	Share	Share	Revaluation
	capital	premium	reserve
	R’000	R’000	R’000
Company
Balance at 31 December 2008	3,045	1,605	199,979
Movement through the statement of comprehensive income	-	-	8,503
Dividends paid	-	-	-
Share-based payment reserve	-	-	-
Transfer (from)/to statutory contingency reserve	-	-	-
Balance at 31 December 2009	3,045	1,605	208,482
Movement through the statement of comprehensive income	-	-	85,459
Transfer (from)/to statutory contingency reserve	-	-	-
Balance at 31 December 2010	3,045	1,605	293,941

	Share-based	Statutory
	payment reserve	contingency reserve	Retained profit	Total equity
	R’000	R’000	R’000	R’000
Company
Balance at 31 December 2008	145,227	404,042	877,072	1630,970
Movement through the statement of comprehensive income	-	-	(100,271)	(91,768)
Dividends paid	-	-	(17,051)	(17,051)
Share-based payment reserve	(145,227)	-	145,227	-
Transfer (from)/to statutory contingency reserve	-	2,974	(2,974)	-
Balance at 31 December 2009	-	407,016	902,003	1522,151
Movement through the statement of comprehensive income	-	-	183,651	269,110
Transfer (from)/to statutory contingency reserve	-	(59,568)	59,568	-
Balance at 31 December 2010	-	347,448	1,145,222	1,791,261