| Other reserves |
26.Other reserves | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair value | | | | | | | | | | | | | through | | | | | | | | | | | | | other | | | | | | | | | | | | | compre- | | | | | | | | Foreign | | | | | hensive | | Restruct- | | Share- based | | Loss on | | exchange | | | | | income | | uring | | payment | | transactions | | translation | | | | | reserve | | reserve | | reserve | | between owners | | reserve | | Total | | | $’000 | | $’000 | | $’000 | | $’000 | | $’000 | | $’000 | | | | | | | | | | | | | | At January 1, 2021 | | (6) | | 4,019 | | 511,547 | | (840,359) | | (160,706) | | (485,505) | Other comprehensive income | | 3 | | — | | — | | — | | (22,560) | | (22,557) | Recognition of share-based payment expense | | — | | — | | 13,003 | | — | | — | | 13,003 | SBP reserve converted to share capital | | — | | — | | (342,768) | | — | | — | | (342,768) | Other reclassifications related to share-based payment | | — | | — | | (5,084) | | — | | — | | (5,084) | At December 31, 2021 | | (3) | | 4,019 | | 176,698 | | (840,359) | | (183,266) | | (842,911) | | | | | | | | | | | | | | At January 1, 2022 | | (3) | | 4,019 | | 176,698 | | (840,359) | | (183,266) | | (842,911) | Other comprehensive income* | | — | | — | | — | | — | | 59,521 | | 59,521 | Recognition of share-based payment expense | | — | | — | | 13,423 | | — | | — | | 13,423 | SBP reserve converted to share capital | | — | | — | | (88,469) | | — | | — | | (88,469) | Other reclassifications related to share-based payment | | — | | — | | (2,835) | | — | | — | | (2,835) | At December 31, 2022 | | (3) | | 4,019 | | 98,817 | | (840,359) | | (123,745) | | (861,271) | | | | | | | | | | | | | | At January 1, 2023 | | (3) | | 4,019 | | 98,817 | | (840,359) | | (123,745) | | (861,271) | Other comprehensive income | | 12 | | — | | — | | — | | 950,843 | | 950,855 | Recognition of share-based payment expense | | — | | — | | 13,168 | | — | | — | | 13,168 | SBP reserve converted to share capital | | — | | — | | (92,896) | | — | | — | | (92,896) | Other reclassifications related to share-based payment | | — | | — | | (1,426) | | — | | — | | (1,426) | At December 31, 2023 | | 9 | | 4,019 | | 17,663 | | (840,359) | | 827,098 | | 8,430 |
*Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. Fair value through other comprehensive income reserve This reserve holds accumulated gains and losses on fair value movements of fair value through other comprehensive income financial assets. This is a non-distributable reserve. Restructuring reserve This reserve is the excess of consideration over net assets acquired in business combinations under common control arising from Group restructuring. This is a non-distributable reserve. Share-based payment reserve This reserve represents the cumulative amounts charged in respect of unsettled options issued to employees of the Group. This is a non-distributable reserve. Loss on transactions between owners This reserve is the accumulated loss arising from transactions between parent and non-controlling interest shareholders. Foreign exchange translation reserve This reserve is the accumulated exchange gains and losses arising from the translation of foreign operations from those operations’ functional currencies to the Group’s reporting currency. It is a non-distributable reserve.
|