Statement of Changes in Equity

Company        Group 12 months 2003 R 000 12 months 2004 R 000   Note 12 months 2004 R 000 12 months 2003 R 000 7 157 15 7 172 10 Ordinary share capital Balance at the beginning of the year Issued during the period 7 7 172 10 7 157 15 7 172 7 182 Balance at the end of the year   7 182 7 172 59 795 75 59 870 30 Share premium Balance at the beginning of the year Premium on issue of shares   59 870 30 59 795 75 59 870 59 900 Balance at the end of the year   59 900 59 870 - - - - Revaluation reserve Balance at the beginning of the year Transfer to accumulated loss   - - 232 (232) - - Balance at the end of the year   - - 20 876 20 876 Share capital reduction reserve fund Balance at the beginning of the year 8 20 876 20 876 20 876 20 876 Balance at the end of the year   20 876 20 876 4 4 Capital redemption reserve fund Balance at the beginning of the year 9 4 4 4 4 Balance at the end of the year   4 4 - - - - Foreign currency translation reserve Balance at the beginning of the year Reserve on translation of foreign subsidiary 10 (147) 135 - (147) (65 944) 21 427 - (7 172) (51 689) 26 909 - (7 181) Accumulated loss Balance at the beginning of the year Attributable income for the year Transfer from revaluation reserve Ordinary dividend paid   (51 809) 25 317 - (7 181) (63 650) 18 781 232 (7 172) (51 689) (31 961) Balance at the end of the year   (33 673) (51 809)     36 233 56 001 Ordinary Shareholders’ equity   54 277 35 966