| |
Group |
Company |
|
|
|
|
|
| |
31 March
2020
Rm |
31 March
2020
Rm |
| |
1 361 |
1 642 |
732 |
989 |
| Opening balance |
1 642 |
1 621 |
989 |
1 033 |
| Movement during the year |
(281) |
21 |
(257) |
(44) |
| |
(Decrease)/increase in foreign currency translation reserve |
(25) |
65 |
– |
– |
| |
Increase in treasury shares for Telkom Company share plan |
(286) |
(159) |
(285) |
(159) |
| |
Vesting of shares under Group share plan |
2 |
– |
– |
– |
| |
Escrow shares realised for settlement to employees |
12 |
(14) |
12 |
(14) |
| |
Revaluation of the sinking fund investment reserve |
1 |
88 |
1 |
88 |
| |
Insurance service result |
15 |
41 |
15 |
41 |
|
|
|
|
|
The fair value gains from the sinking fund investment are recognised in profit or loss. The fair value gains are transferred to the non-distributable reserves
until the date that the investment and the corresponding fair value gains are realised. On this date, the fair value gains are transferred back to retained
earnings.
The reserve also represents amounts paid by Telkom to subsidiary, Rossal No 65 (Pty) Ltd, for the acquisition of Telkom's shares to be utilised in terms
of the Telkom share plan.
| |
2021 |
2020 |
|
|
|
|
|
| Fair value of ordinary shares in Telkom are held as follows: |
Number of
shares |
Rm |
| Treasury shares in Escrow |
16 056 950 |
680 |
12 414 814 |
231 |
| Rossal No 65 (Pty) Ltd |
919 749 |
39 |
– |
– |
| Total |
16 976 699 |
719 |
12 414 814 |
231 |
All shares will be allocated to employees as part of the share plan. |