NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS l NOTE 13

    2014
Rm
  2013
Rm
  2012
Rm
 
13. SHARE CAPITAL AND PREMIUM            
  Authorised share capital            
  500 000 6% non-redeemable cumulative preference shares of R2 each 1   1   1  
  400 000 000 (2013: 400 000 000; 2012: 400 000 000) ordinary shares of 5 cents each 20   20   20  
    21   21   21  
  Issued share capital            
  375 000 6% non-redeemable cumulative preference shares of R2 each (2013: 375 000; 2012: 375 000) 1   1   1  
  231 291 819 ordinary shares of 5 cents each (2013: 231 291 819; 2012: 231 011 981) 12   12   12  
    13   13   13  
  Share premium: 303   303   296  
  Balance at beginning of year 303   296   291  
  Premium on share issues     7   5  
  Total issued share capital and premium 316   316   309  
  Issued shares:            
  Total number of shares in issue at beginning of year excluding BEE shares 212 584 553   212 304 715   212 171 078  
  Issued during the year:            
  Share options exercised     279 838   133 637  
  Total number of ordinary shares in issue at end of year, excluding BEE shares 212 584 553   212 584 553   212 304 715  
  Other shares issued in respect of BEE transaction 18 707 266   18 707 266   18 707 266  
  Total number of ordinary shares in issue at end of year, including BEE shares 231 291 819   231 291 819   231 011 981  
  Treasury shares (4 994 238)   (5 456 647)   (5 938 990)  
  Net number of ordinary shares in issue at end of year 226 297 581   225 835 172   225 072 991  
  Unissued shares:            
  Ordinary shares reserved to meet the requirements of the Barloworld Share Option Scheme (note 1 below) 23 129 182   23 129 182   23 101 198  
Ordinary shares 145 578 999   145 578 999   145 886 821  
    168 708 181   168 708 181   168 988 019  
  6% non-redeemable cumulative preference shares 125 000   125 000   125 000  
  Notes:
1. The members at the general meeting on 20 January 2005 reserved shares for the purposes of the Barloworld Share Option Scheme.
2. The directors have a general authority to buy back up to 5% of the ordinary shares issued by the company.
3. Refer to note 32 for detail about the Barloworld share incentive schemes and share-based payments disclosure.

NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS l NOTE 13