2d) Provide a reconciliation note for your

companys most recent retained earnings account balance (if a business does not have positive profit, they may report retained losses instead). This information can be found and extracted from the statement of changes in equity. The purpose of this note is to explain what the balance of the retained earnings account was at the start of the period, what caused it to move up or down and thus demonstrate how it got to the ending balance. Your analysis should provide both the reconciliation note, as well as a written explanation of the note. (Total 1 mark)

Consolidated Statements of Changes in 38 Equity Year ended 30 June 2019 39 THE GROUP Attributable to Owners of the Parent Redeemable Stated Restricted A Treasury Capital Shares Shares MUR'000 MUR'000 MUR'000 Share Revaluatio Appreciatio Fair Value n and n Rights & Reserve Other Other MUR'000 Reserves Non- Retained Controlling Total Earnings Total Interests Equity MUR'000 MUR'000 MUR'000 MUR'000 5,072,296 39,233 -234,263 24,823 77,927 3,204,939 6,201,102 14,386,057 10,362,278 24,748,335 13,144 13,14450,48163,625 - -18,594 -18,594 -18,519 -37,113 77,927 3,204,939 6,195,652 14,380,607 10,394,240 24,774,847 - -860,428 -860,428 -328,633 -1,189,061 5,072,296 39,233 234,263 2 4,823 -35,369 -487,741 -15,214 -538,324 -205,648 -743,972 -35,369 -487,741 -875,642 -1,398,752 -534,281 -1,933,033 41 Balance at 1 July 2018 42 Effect of adoption of IFRS 9 43 Effect of adoption of IFRS 15 44 Restated balance at 1 July 2018 45 Profit for the year Other comprehensive income for the 46 year Total comprehensive income for the 47 year Transactions with owners in their 48 capacity as owners 49 Issue of shares Change in ownership interest that do 50 not result in a loss of control 51 Employee share option scheme 52 Dividends 53 Other movements Total transactions with owners of the 54 parent 55 Balance at 30 June 2019 22,979 75,815 98,794 98,794 193,954 -193,954 4,286 9,101 -5,373 193,954 8,014 -347,436 -347,436 -51,090 -468,963 -1,086 -816,399 -1,086 51,090 27,265 5,099,561 84,916 - 149,347 -5,373 19,450 51,090-204,572 -46,674 -664,003 -710,677 2,768,288 5,115,438 12,935,181 9,195,956 22,131,137 39,233 4 2,558 F G H Consolidated Statements of Changes in Equity Year ended 30 June 2018 THE GROUP Attributable to Owners of the Parent Share Appreciatio Revaluatio Redeemable n Rights & n and Non- Stated Restricted A Treasury Other Fair Value Other Retained Controlling Total Capital Shares Shares Scheme Reserve Reserves Earnings Total Interests Equity MUR'000 MUR'OOO MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 4 Balance at 1 July 2017 5 As previously stated 4,251,153 39,233 -243,188 30,359 73,164 2,612,170 7,141,535 13,904,426 9,759,140 23,663,566 6 Prior year adjustment -201,910 -48,033 -249,943 -36,302 -286,245 7 As restated 4,251,153 39,233 -243,188 30,359 73,164 2,410,260 7,093,502 13,654,483 9,722,838 23,377,321 8 Profit for the year . 441,817 441,817 648,519 1,090,336 Other comprehensive income for the 9 year 4,763 309,621 314,384 173,454 487,838 Total comprehensive income for the 10 year 4,763 309,621 441,817 756,201 821,973 1,578,174 11 Issue of shares 818,876 818,876 818,876 12 Treasury shares acquired Issue of shares to non-controlling 13 interests 928,035 928,035 Change in ownership interest that do 14 not result in a loss of control -517,927 517,927 -676,682 -1,194,609 15 Employee share option scheme 2,267 8,925 - 5,656 5,656 Dividends and tax paid by foreign 16 subsidiary 17 Dividends -328,409 -328,409 428,213 -756,622 18 Other movements 23,567 -26,856 -3,289 2 07 -3,082 Total transactions with owners of the 19 parent 821,143 8,925 -5,536 23,567 873,192 -25,093 -25,093 -201,746 Movement in reserves of joint ventures 20 and associates . 461,491461,025 466 -5,880 -5,414 21 Balance at 30 June 2018 5072796 3 9,233 234,263 24,823 77,927 3,204,939 6,201,102 14,386,057 10,362,278 24.748,335 22